Company Registration No. 04036668 (England and Wales)
Herdwick Properties Limited
Unaudited accounts
for the year ended 31 August 2023
Herdwick Properties Limited
Unaudited accounts
Contents
Herdwick Properties Limited
Company Information
for the year ended 31 August 2023
Director
Leslie Robert Fryer
Company Number
04036668 (England and Wales)
Registered Office
19 Woodland Road
Ulverston
Cumbria
LA12 0DX
England
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
Herdwick Properties Limited
Statement of financial position
as at 31 August 2023
Investments
475,000
475,000
Cash at bank and in hand
1,658
1,800
Creditors: amounts falling due within one year
(204,079)
(212,071)
Net current liabilities
(196,281)
(205,480)
Total assets less current liabilities
278,719
269,520
Creditors: amounts falling due after more than one year
(200,000)
(140,000)
Called up share capital
2
2
Profit and loss account
78,717
129,518
Shareholders' funds
78,719
129,520
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Leslie Robert Fryer
Director
Company Registration No. 04036668
Herdwick Properties Limited
Notes to the Accounts
for the year ended 31 August 2023
Herdwick Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04036668. The registered office is 19 Woodland Road, , Ulverston, Cumbria, LA12 0DX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4
Tangible fixed assets
Fixtures & fittings
Herdwick Properties Limited
Notes to the Accounts
for the year ended 31 August 2023
5
Investments
Other investments
Valuation at 1 September 2022
475,000
Valuation at 31 August 2023
475,000
Amounts falling due within one year
Accrued income and prepayments
6,140
4,791
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,100
1,000
Loans from directors
32,601
37,227
Deferred income
167,534
170,034
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
200,000
140,000
9
Transactions with related parties
During the year the company entered into the follow transactions with related parties:
Mr & Mrs L Fryer - Dividends £40,000
Mr & Mrs L Fryer - Management Fees £6,474
Mr L Fryer - Maintenance £7,705
Included within creditors is a loan from the director of £232,601 (2022: £177,228). Interest has been charged by the director on this balance.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).