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Company No: 07961406 (England and Wales)

HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS A R Gibbons
L A Gibbons
SECRETARY A R Gibbons
REGISTERED OFFICE 1 Hazlewell Road
London
SW15 6LU
England
United Kingdom
COMPANY NUMBER 07961406 (England and Wales)
CHARTERED ACCOUNTANTS Gravita III LLP
66 Prescot Street
London
E1 8NN
United Kingdom
HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 March 2023
HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Current assets
Debtors 3 0 30,000
Investments 4 555,588 641,603
Cash at bank and in hand 5 121,421 6,612
677,009 678,215
Creditors: amounts falling due within one year 6 ( 601,475) ( 601,175)
Net current assets 75,534 77,040
Total assets less current liabilities 75,534 77,040
Net assets 75,534 77,040
Capital and reserves
Called-up share capital 2 2
Profit and loss account 75,532 77,038
Total shareholders' funds 75,534 77,040

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

Directors' responsibilities:

The financial statements of Hazlewell (Esher) Developments Limited (registered number: 07961406) were approved and authorised for issue by the Board of Directors on 17 November 2023. They were signed on its behalf by:

A R Gibbons
Director
HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
HAZLEWELL (ESHER) DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hazlewell (Esher) Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Hazlewell Road, London, SW15 6LU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2023 2022
£ £
Other debtors 0 30,000

4. Current asset investments

2023 2022
£ £
Listed investments – at fair value 555,588 641,603

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 121,421 6,612

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 601,475 601,175

7. Related party transactions

At the reporting date the company owed £599,975 (2022: £599,975) to the directors of the company. The loan is interest free and repayable on demand.