IRIS Accounts Production v23.1.0.753 06912960 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure069129602022-03-31069129602023-03-31069129602022-04-012023-03-31069129602021-03-31069129602021-04-012022-03-31069129602022-03-3106912960ns15:EnglandWales2022-04-012023-03-3106912960ns14:PoundSterling2022-04-012023-03-3106912960ns10:Director12022-04-012023-03-3106912960ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106912960ns10:SmallEntities2022-04-012023-03-3106912960ns10:AuditExemptWithAccountantsReport2022-04-012023-03-3106912960ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106912960ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106912960ns10:FullAccounts2022-04-012023-03-3106912960ns10:Director22022-04-012023-03-3106912960ns10:RegisteredOffice2022-04-012023-03-3106912960ns5:CurrentFinancialInstruments2023-03-3106912960ns5:CurrentFinancialInstruments2022-03-3106912960ns5:Non-currentFinancialInstruments2023-03-3106912960ns5:Non-currentFinancialInstruments2022-03-3106912960ns5:ShareCapital2023-03-3106912960ns5:ShareCapital2022-03-3106912960ns5:RetainedEarningsAccumulatedLosses2023-03-3106912960ns5:RetainedEarningsAccumulatedLosses2022-03-3106912960ns5:PlantMachinery2022-04-012023-03-3106912960ns5:LandBuildings2022-03-3106912960ns5:PlantMachinery2022-03-3106912960ns5:LandBuildings2022-04-012023-03-3106912960ns5:LandBuildings2023-03-3106912960ns5:PlantMachinery2023-03-3106912960ns5:LandBuildings2022-03-3106912960ns5:PlantMachinery2022-03-3106912960ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106912960ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 06912960 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hazelwood UK Limited

Hazelwood UK Limited (Registered number: 06912960)






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

Chartered Accountants' Report 7

Hazelwood UK Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S E Hill
T Hill





REGISTERED OFFICE: New Park
Elmstead Road
Colchester
Essex
CO4 3SE





REGISTERED NUMBER: 06912960 (England and Wales)





ACCOUNTANTS: Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton on Sea
Essex
CO15 1SD

Hazelwood UK Limited (Registered number: 06912960)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,176,418 814,726
Investments 5 160,905 160,905
Investment property 6 34,450 -
1,371,773 975,631

CURRENT ASSETS
Debtors 7 230,874 549,928
Cash at bank and in hand 193,988 16,366
424,862 566,294
CREDITORS
Amounts falling due within one year 8 671,766 428,909
NET CURRENT (LIABILITIES)/ASSETS (246,904 ) 137,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,124,869

1,113,016

CREDITORS
Amounts falling due after more than one year 9 843,118 858,664
NET ASSETS 281,751 254,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 281,651 254,252
SHAREHOLDERS' FUNDS 281,751 254,352

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.

Hazelwood UK Limited (Registered number: 06912960)

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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





T Hill - Director


Hazelwood UK Limited (Registered number: 06912960)

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

1. STATUTORY INFORMATION

Hazelwood UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Investment property
Investment property is 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hazelwood UK Limited (Registered number: 06912960)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 772,675 66,545 839,220
Additions 225,000 173,659 398,659
At 31 March 2023 997,675 240,204 1,237,879
DEPRECIATION
At 1 April 2022 - 24,494 24,494
Charge for year - 36,967 36,967
At 31 March 2023 - 61,461 61,461
NET BOOK VALUE
At 31 March 2023 997,675 178,743 1,176,418
At 31 March 2022 772,675 42,051 814,726

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/3/23 31/3/22
£    £   
Premises additions 171,105 171,105
Legal fees (10,200 ) (10,200 )
160,905 160,905

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 34,450
At 31 March 2023 34,450
NET BOOK VALUE
At 31 March 2023 34,450

Hazelwood UK Limited (Registered number: 06912960)

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

6. INVESTMENT PROPERTY - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Total
£   
FAIR VALUE
Additions 34,450
At 31 March 2023 34,450
NET BOOK VALUE
At 31 March 2023 34,450

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 180,089 97,244
Other debtors 50,785 452,684
230,874 549,928

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 6,566 8,077
Trade creditors 170,605 35,979
Taxation and social security (9,946 ) 32,225
Other creditors 504,541 352,628
671,766 428,909

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 497,661 521,207
Other creditors 345,457 337,457
843,118 858,664

10. ULTIMATE CONTROLLING PARTY

The directors have equal control of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hazelwood UK Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hazelwood UK Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hazelwood UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hazelwood UK Limited and state those matters that we have agreed to state to the Board of Directors of Hazelwood UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hazelwood UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hazelwood UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hazelwood UK Limited. You consider that Hazelwood UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hazelwood UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton on Sea
Essex
CO15 1SD


27 November 2023