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Company Registration No. 09043787 (England and Wales)
Hearnville Property Limited Unaudited accounts for the year ended 31 May 2023
Hearnville Property Limited Unaudited accounts Contents
Page
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Hearnville Property Limited Company Information for the year ended 31 May 2023
Directors
Sheridan Norrey Ian Warren Kathryn Warren
Company Number
09043787 (England and Wales)
Registered Office
25 Airedale Road London SW12 8SQ
Accountants
Warwick McArdle 55 Ellerton Road London SW18 3NQ
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Hearnville Property Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
882,868 
882,868 
Current assets
Cash at bank and in hand
5,145 
4,116 
Creditors: amounts falling due within one year
(255,433)
(265,633)
Net current liabilities
(250,288)
(261,517)
Total assets less current liabilities
632,580 
621,351 
Creditors: amounts falling due after more than one year
(715,334)
(715,334)
Net liabilities
(82,754)
(93,983)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(82,854)
(94,083)
Shareholders' funds
(82,754)
(93,983)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by
Sheridan Norrey Director Company Registration No. 09043787
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Hearnville Property Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Hearnville Property Limited is a private company, limited by shares, registered in England and Wales, registration number 09043787. The registered office is 25 Airedale Road, London, SW12 8SQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Leased and hire purchase assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hearnville Property Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2022
882,868 
At 31 May 2023
882,868 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
882,868 
At 31 May 2022
882,868 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
255,084 
265,284 
Accruals
349 
349 
255,433 
265,633 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
715,334 
715,334 
On 17 March 2017 two charges were registered. One for Paragon Bank plc against a specific property and a further floating charge by Paragon Bank plc over all property and undertakings of the company. On 25 September 2017 a further charge was registered for Charter Court Financial Services Limited against a specific property.
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At the year end the company owed the directors £255,084 (2022 £265,284).
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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