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REGISTERED NUMBER: 13549773 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Key Hill Village (Hockley) Limited

Key Hill Village (Hockley) Limited (Registered number: 13549773)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Key Hill Village (Hockley) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S A Briggs





REGISTERED OFFICE: Danehill Lodge, Tanyard Lane
Danehill
Haywards Heath
Sussex
RH17 7JW





REGISTERED NUMBER: 13549773 (England and Wales)





ACCOUNTANTS: Harrison North
1 Northumberland Avenue
Trafalgar Square
London
WC2N 5BW

Key Hill Village (Hockley) Limited (Registered number: 13549773)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks 801,730 795,060
Debtors 4 1,310 4,334
Cash at bank 7,355 5,756
810,395 805,150
CREDITORS
Amounts falling due within one year 5 855,830 820,289
NET CURRENT LIABILITIES (45,435 ) (15,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,435

)

(15,139

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (45,436 ) (15,140 )
(45,435 ) (15,139 )

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 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.

Key Hill Village (Hockley) Limited (Registered number: 13549773)

Balance Sheet - continued
31 March 2023


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 24 November 2023 and were signed by:





S A Briggs - Director


Key Hill Village (Hockley) Limited (Registered number: 13549773)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Key Hill Village (Hockley) 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.

Going concern
The financial statements have been prepared on a going concern basis which assumes the continuing support of the fellow subsidiary company Stonehurst Estates Limited. As referred to in note 5 to the financial statements Stonehurst Estates Limited has agreed not to demand repayment of an outstanding loan totalling £683,827 and to continue to finance the company to 31 December 2024.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Key Hill Village (Hockley) Limited (Registered number: 13549773)

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,310 4,334

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.23 31.3.22
£    £   
Trade creditors 7,814 490
Amounts owed to group undertakings 845,616 817,859
Other creditors 2,400 1,940
855,830 820,289

At 31 March 2023 the fellow subsidiary company Stonehurst Estates Limited which was owed £683,827 agreed not to demand repayment of this loan and to continue to finance the company to 31 December 2024.