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REGISTERED NUMBER: 12477667 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Hazel Tree Property Ltd

Hazel Tree Property Ltd (Registered number: 12477667)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Hazel Tree Property Ltd (Registered number: 12477667)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 480,394 477,199

CURRENT ASSETS
Debtors 5 851 680
Cash at bank 117,353 8,518
118,204 9,198
CREDITORS
Amounts falling due within one year 6 250,784 257,580
NET CURRENT LIABILITIES (132,580 ) (248,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,814

228,817

CREDITORS
Amounts falling due after more than
one year

7

(279,500

)

(166,995

)

PROVISIONS FOR LIABILITIES (6,884 ) (6,884 )
NET ASSETS 61,430 54,938

Hazel Tree Property Ltd (Registered number: 12477667)

Statement of Financial Position - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 29,347 29,347
Retained earnings 31,983 25,491
SHAREHOLDERS' FUNDS 61,430 54,938

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 24 November 2023 and were signed by:





Mr Nicholas Vivian Sinfield - Director


Hazel Tree Property Ltd (Registered number: 12477667)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Hazel Tree Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12477667

Registered office: 70 Village Road
Bromham
Bedford
United Kingdom
MK43 8LJ

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 the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are 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 statement of financial position date.


Hazel Tree Property Ltd (Registered number: 12477667)

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 statement of financial position 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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 477,199
Additions 3,195
At 28 February 2023 480,394
NET BOOK VALUE
At 28 February 2023 480,394
At 28 February 2022 477,199

Investment property situated at 20 Grosvenor Street, Bedford, MK42 0PL is under a charge from The Mortgage Works (UK) PLC. The charge was created on 01st February 2023.

Investment property situated at 10 Saxelbye Avenue, Derby, DE1 2UH is under a charge from The Mortgage Works (UK) PLC. The charge was created on 17th February 2023.

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2021 29,396
Valuation in 2022 6,835
Cost 444,163
480,394

Hazel Tree Property Ltd (Registered number: 12477667)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 851 680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 1,523 5,876
Other creditors 249,261 251,704
250,784 257,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 279,500 166,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 279,500 166,995

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 279,500 166,995

The loan amounting to £167,000 is secured by the way of charge on the property situated at 20 Grosvenor Street, Bedford, MK42 0PL (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 01st February 2023.

The loan amounting to £112,500 is secured by the way of charge on the property situated at 10 Saxelbye Avenue, Derby, DE1 2UH (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 17th February 2023.

Hazel Tree Property Ltd (Registered number: 12477667)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 March 2022
and 28 February 2023 29,347

11. RELATED PARTY DISCLOSURES

The company owes £244,446 to its director, Mr Nicholas Vivian Sinfield who is also a sole shareholder of the company as at the accounting year end date.