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REGISTERED NUMBER: 01579896 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HAYLAND PROPERTIES LIMITED

HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYLAND PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: G Haywood





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 01579896 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 963 326
Investment property 5 5,655,000 4,270,000
5,655,963 4,270,326

CURRENT ASSETS
Debtors 6 46,950 47,718
Prepayments and accrued income 3,137 6,557
Cash at bank 4,923 164,449
55,010 218,724
CREDITORS
Amounts falling due within one year 7 1,506,253 1,448,993
NET CURRENT LIABILITIES (1,451,243 ) (1,230,269 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,204,720 3,040,057

CREDITORS
Amounts falling due after more than one
year

8

(2,557,533

)

(1,439,021

)

PROVISIONS FOR LIABILITIES 9 (386,539 ) (288,613 )
NET ASSETS 1,260,648 1,312,423

HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)

BALANCE SHEET - continued
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Non-distributable reserves 1,168,081 1,238,814
Retained earnings 91,567 72,609
SHAREHOLDERS' FUNDS 1,260,648 1,312,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





G Haywood - Director


HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Hayland Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable on investment properties, net of discounts and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 438
Additions 958
At 28 February 2023 1,396
DEPRECIATION
At 1 March 2022 112
Charge for year 321
At 28 February 2023 433
NET BOOK VALUE
At 28 February 2023 963
At 28 February 2022 326

HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 4,270,000
Additions 1,357,697
Revaluations 27,303
At 28 February 2023 5,655,000
NET BOOK VALUE
At 28 February 2023 5,655,000
At 28 February 2022 4,270,000

Included in fair value of investment property is freehold land of £ 81,000 (2022 - £ 81,000 ) which is not depreciated.

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 5,655,000

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 4,100,362 2,742,664

Investment property was valued on an open market basis on 28 February 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,214
Other debtors 19,746 28,513
VAT 27,204 16,991
46,950 47,718

HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 293,270 10,000
Trade creditors 148,836 29,571
Tax 4,219 2,868
Social security and other taxes 8,341 1,027
Other creditors 328,567 578,317
Directors' current accounts 704,196 816,214
Accruals and deferred income 18,824 10,996
1,506,253 1,448,993

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 1,547,649 1,161,023
Bank loans more 5 yr 1,009,884 277,998
2,557,533 1,439,021

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 1,009,884 277,998

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 386,539 288,613

Deferred
tax
£   
Balance at 1 March 2022 288,613
Effect of revaluation 5,156
Effect of change in tax rate 92,770
Balance at 28 February 2023 386,539

HAYLAND PROPERTIES LIMITED (REGISTERED NUMBER: 01579896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary A £1 200 200
200 Ordinary B £1 200 200
300 Ordinary C £1 300 300
300 Ordinary D £1 300 300
1,000 1,000

11. ULTIMATE CONTROLLING PARTY

The directors have confirmed that the company has no ultimate controlling party.