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REGISTERED NUMBER: 04087177 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Hedgecroft Limited

Hedgecroft Limited (Registered number: 04087177)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hedgecroft Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: S G Hare





SECRETARY: S G Hare





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY





REGISTERED NUMBER: 04087177 (England and Wales)






Hedgecroft Limited (Registered number: 04087177)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 100,000 100,000
100,000 100,000

CURRENT ASSETS
Debtors 6 398 41
Cash at bank 1,238 3,342
1,636 3,383
CREDITORS
Amounts falling due within one year 7 32,942 34,072
NET CURRENT LIABILITIES (31,306 ) (30,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,694

69,311

PROVISIONS FOR LIABILITIES 9,413 9,413
NET ASSETS 59,281 59,898

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 59,131 59,131
Retained earnings 148 765
SHAREHOLDERS' FUNDS 59,281 59,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Hedgecroft Limited (Registered number: 04087177)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





S G Hare - Director


Hedgecroft Limited (Registered number: 04087177)

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

1. STATUTORY INFORMATION

Hedgecroft 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 as modified by the revaluation of certain assets.

Turnover
The turnover is represented by net rent receivable, which is recognised at the point of payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 15 years

All fixed assets are initially recorded at cost.

Investment property
Investment properties are included in the balance sheet at their open market value.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences as a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Hedgecroft Limited (Registered number: 04087177)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 1,475
DEPRECIATION
At 1 November 2022
and 31 October 2023 1,475
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022
and 31 October 2023 100,000
NET BOOK VALUE
At 31 October 2023 100,000
At 31 October 2022 100,000

The directors have checked the market value of the property and there has been no material movement.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 398 41

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security - 432
Other creditors 32,942 33,640
32,942 34,072

Hedgecroft Limited (Registered number: 04087177)

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

8. SECURED DEBTS

Capital Home Loans Limited holds a fixed charge over all rental income.

Paragon Mortgages Limited holds a fixed charge over all the assets.

These have been satisfied on the 1st February 2024.