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REGISTERED NUMBER: 09589243 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

HERTFORD HOLDINGS LIMITED

HERTFORD HOLDINGS LIMITED (REGISTERED NUMBER: 09589243)






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


HERTFORD HOLDINGS LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: J H James
R J James





SECRETARY: B M Kotecha





REGISTERED OFFICE: Chells Manor Lodge
2 Manor House Drive
Stevenage
Hertfordshire
SG2 7RR





REGISTERED NUMBER: 09589243 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR

HERTFORD HOLDINGS LIMITED (REGISTERED NUMBER: 09589243)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,484 19,435

CURRENT ASSETS
Stocks 2,463,500 2,463,125
Debtors 5 521,353 414,552
Cash at bank 10,663 42,025
2,995,516 2,919,702
CREDITORS
Amounts falling due within one year 6 1,789,309 1,645,023
NET CURRENT ASSETS 1,206,207 1,274,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,344,691

1,294,114

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Share premium 1,159,702 1,159,702
Retained earnings 172,489 121,912
SHAREHOLDERS' FUNDS 1,344,691 1,294,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 August 2023 and were signed on its behalf by:





J H James - Director


HERTFORD HOLDINGS LIMITED (REGISTERED NUMBER: 09589243)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Hertford Holdings 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.

Turnover
Revenue is recognised on private housing, development properties and land sales at the fair value of the consideration received or receivable on exchange of contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and attributable overheads.

Speculative projects are included at cost where it can reasonably be expected that those costs will be recovered at some stage in the future. Where such costs are not expected to be recovered, they will be written off as an expense in the period in which they are first identified.

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.

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).

HERTFORD HOLDINGS LIMITED (REGISTERED NUMBER: 09589243)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 68,797
Additions 237,814
Disposals (103,224 )
At 31 March 2023 203,387
DEPRECIATION
At 1 April 2022 49,362
Charge for year 36,862
Eliminated on disposal (21,321 )
At 31 March 2023 64,903
NET BOOK VALUE
At 31 March 2023 138,484
At 31 March 2022 19,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,497 38,272
Amounts owed by group undertakings 472,856 376,280
521,353 414,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 890,000
Trade creditors 13,892 1,951
Taxation and social security 33,649 29,255
Other creditors 1,741,768 723,817
1,789,309 1,645,023

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J H James.