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REGISTERED NUMBER: 11676604 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HIPPENSCOMBE ESTATE LIMITED

HIPPENSCOMBE ESTATE LIMITED (REGISTERED NUMBER: 11676604)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HIPPENSCOMBE ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K G A Bergengren
W B A Bergengren





REGISTERED OFFICE: Home Farm
Norman Court
West Tytherley
Salisbury
SP5 1NL





REGISTERED NUMBER: 11676604 (England and Wales)





AUDITORS: Fawcetts LLP
Chartered Accountants
and Statutory Auditors
Windover House
St. Ann Street
Salisbury
SP1 2DR

HIPPENSCOMBE ESTATE LIMITED (REGISTERED NUMBER: 11676604)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,818,710 9,857,769

CURRENT ASSETS
Stocks 119,305 85,682
Debtors 5 68,096 89,520
Cash at bank and in hand 47,634 94,019
235,035 269,221
CREDITORS
Amounts falling due within one year 6 99,915 199,468
NET CURRENT ASSETS 135,120 69,753
TOTAL ASSETS LESS CURRENT LIABILITIES 9,953,830 9,927,522

CAPITAL AND RESERVES
Called up share capital 7 9,859,100 9,859,100
Retained earnings 94,730 68,422
SHAREHOLDERS' FUNDS 9,953,830 9,927,522

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 Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





K G A Bergengren - Director


HIPPENSCOMBE ESTATE LIMITED (REGISTERED NUMBER: 11676604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Hippenscombe Estate 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.

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.

The financial statements have been prepared on a going concern basis and are presented in sterling which is the functional currency of the company.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Improvements to property - Straight line over 5 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Land is not depreciated.

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


HIPPENSCOMBE ESTATE LIMITED (REGISTERED NUMBER: 11676604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 9,859,000 124,202 9,983,202
DEPRECIATION
At 1 April 2022 92,755 32,678 125,433
Charge for year 28,540 10,519 39,059
At 31 March 2023 121,295 43,197 164,492
NET BOOK VALUE
At 31 March 2023 9,737,705 81,005 9,818,710
At 31 March 2022 9,766,245 91,524 9,857,769

HIPPENSCOMBE ESTATE LIMITED (REGISTERED NUMBER: 11676604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,200 34,287
Other debtors 66,896 55,233
68,096 89,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 66,378 60,886
Taxation and social security 360 195
Other creditors 33,177 138,387
99,915 199,468

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9,859,100 Ordinary £1 9,859,100 9,859,100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Ellingham FCA (Senior Statutory Auditor)
for and on behalf of Fawcetts LLP

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Brickberg AB, a company incorporated in Sweden. Brickberg AB is owned by the estate of the late Mr Anders G Bergengren.