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REGISTERED NUMBER: 03980119 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 March 2023

for

Headcorn Investments Ltd

Headcorn Investments Ltd (Registered number: 03980119)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Headcorn Investments Ltd

Company Information
for the Year Ended 30 March 2023







DIRECTORS: T S Bittleston
Mrs A Alexander





SECRETARY: Mrs A Alexander





REGISTERED OFFICE: Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX





REGISTERED NUMBER: 03980119 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

Headcorn Investments Ltd (Registered number: 03980119)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 466 621
Investments 5 1 1
Investment property 6 581,796 581,796
582,263 582,418

CURRENT ASSETS
Debtors 7 567 537
Cash at bank 6,620 3,728
7,187 4,265
CREDITORS
Amounts falling due within one year 8 104,895 90,150
NET CURRENT LIABILITIES (97,708 ) (85,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,555

496,533

CREDITORS
Amounts falling due after more than one
year

9

-

(21,684

)

PROVISIONS FOR LIABILITIES 10 (22,319 ) (22,338 )
NET ASSETS 462,236 452,511

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 202,622 202,622
Retained earnings 259,514 249,789
SHAREHOLDERS' FUNDS 462,236 452,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Headcorn Investments Ltd (Registered number: 03980119)

Balance Sheet - continued
30 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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





Mrs A Alexander - Director


Headcorn Investments Ltd (Registered number: 03980119)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Headcorn Investments Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & office equipment - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
The company's properties are held for long term investment and are included in the Balance Sheet at their fair values. Gains are recognised in the fair value reserve. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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.


Headcorn Investments Ltd (Registered number: 03980119)

Notes to the Financial Statements - continued
for the Year Ended 30 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.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant &
office Fixtures Computer
equipment & fittings equipment Totals
£    £    £    £   
COST
At 31 March 2022
and 30 March 2023 402 5,604 3,608 9,614
DEPRECIATION
At 31 March 2022 401 4,984 3,608 8,993
Charge for year - 155 - 155
At 30 March 2023 401 5,139 3,608 9,148
NET BOOK VALUE
At 30 March 2023 1 465 - 466
At 30 March 2022 1 620 - 621

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 31 March 2022
and 30 March 2023 1
NET BOOK VALUE
At 30 March 2023 1
At 30 March 2022 1

Headcorn Investments Ltd (Registered number: 03980119)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2022
and 30 March 2023 581,796
NET BOOK VALUE
At 30 March 2023 581,796
At 30 March 2022 581,796

Fair value at 30 March 2023 is represented by:
£   
Valuation in 2005 155,000
Valuation in 2006 (23,000 )
Valuation in 2007 133,000
Valuation in 2008 (30,000 )
Valuation in 2011 (145,000 )
Valuation in 2014 65,000
Valuation in 2016 30,000
Valuation in 2018 20,000
Valuation in 2021 10,000
Valuation in 2022 10,000
Cost 356,796
581,796

If the investment properties had not been revalued they would have been included at the following historical cost:

30.3.23 30.3.22
£    £   
Cost 356,796 356,796

The investment properties were valued on an open market basis on 6 June 2022 by the directors of the company .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Other debtors 567 537

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Taxation and social security 2,917 2,295
Other creditors 101,978 87,855
104,895 90,150

Headcorn Investments Ltd (Registered number: 03980119)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.23 30.3.22
£    £   
Bank loans - 21,684

10. PROVISIONS FOR LIABILITIES
30.3.23 30.3.22
£    £   
Deferred tax 22,319 22,338

Deferred
tax
£   
Balance at 31 March 2022 22,338
Movement in accelerated
capital allowances (19 )
Balance at 30 March 2023 22,319

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.3.23 30.3.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
value
reserve
£   
At 31 March 2022
and 30 March 2023 202,622