Hanley Library Redevelopments Limited 10386937 false 2022-02-01 2023-03-31 2023-03-31 The principal activity of the company is that of property development. Digita Accounts Production Advanced 6.30.9574.0 true true 10386937 2022-02-01 2023-03-31 10386937 2023-03-31 10386937 core:RetainedEarningsAccumulatedLosses 2023-03-31 10386937 core:ShareCapital 2023-03-31 10386937 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10386937 bus:SmallEntities 2022-02-01 2023-03-31 10386937 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-03-31 10386937 bus:FullAccounts 2022-02-01 2023-03-31 10386937 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-03-31 10386937 bus:RegisteredOffice 2022-02-01 2023-03-31 10386937 bus:Director1 2022-02-01 2023-03-31 10386937 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-03-31 10386937 countries:EnglandWales 2022-02-01 2023-03-31 10386937 2021-02-01 2022-01-31 10386937 2022-01-31 10386937 core:RetainedEarningsAccumulatedLosses 2022-01-31 10386937 core:ShareCapital 2022-01-31 10386937 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 10386937

Hanley Library Redevelopments Limited

Unaudited Financial Statements

for the Period from 1 February 2022 to 31 March 2023

 

Hanley Library Redevelopments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Hanley Library Redevelopments Limited

(Registration number: 10386937)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

-

368,903

Cash at bank and in hand

 

130,783

39,503

 

130,783

408,406

Creditors: Amounts falling due within one year

4

(43,038)

(386,379)

Net assets

 

87,745

22,027

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

87,645

21,927

Shareholders' funds

 

87,745

22,027

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 16 November 2023
 

.........................................
Mr SP Beaumont
Director

 

Hanley Library Redevelopments Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Drayton Beaumont Building
Merrial Street
Newcastle-Under-Lyme
Staffordshire
ST5 2AE
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention. These financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale and rental of residential property in the ordinary course of the company’s activities.

 

Hanley Library Redevelopments Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 31 March 2023

Tax

The tax expense for the period comprises current tax and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the
reporting date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

15,415

5,193

Other creditors

27,623

381,186

43,038

386,379