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REGISTERED NUMBER: 12693195 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Hearthstone Place Limited

Hearthstone Place Limited (Registered number: 12693195)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hearthstone Place Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: L Wilson





REGISTERED OFFICE: Black Barn
Gay Dawn Farm
Fawkham
Kent
DA3 8LY





REGISTERED NUMBER: 12693195 (England and Wales)





ACCOUNTANTS: Haxell Giddings Limited
Black Barn
Gay Dawn Farm
Valley Road
Fawkham
Kent
DA3 8LY

Hearthstone Place Limited (Registered number: 12693195)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 344,388 339,388

CURRENT ASSETS
Cash at bank 9 673

CREDITORS
Amounts falling due within one year 5 80,468 81,480
NET CURRENT LIABILITIES (80,459 ) (80,807 )
TOTAL ASSETS LESS CURRENT LIABILITIES 263,929 258,581

CREDITORS
Amounts falling due after more than one
year

6

(191,275

)

(191,275

)

PROVISIONS FOR LIABILITIES 8 (13,068 ) (2,305 )
NET ASSETS 59,586 65,001

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 61,932 67,695
Retained earnings (3,346 ) (3,694 )
SHAREHOLDERS' FUNDS 59,586 65,001

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

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

Hearthstone Place Limited (Registered number: 12693195)

Balance Sheet - continued
30 June 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 director and authorised for issue on 19 February 2024 and were signed by:





L Wilson - Director


Hearthstone Place Limited (Registered number: 12693195)

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

1. STATUTORY INFORMATION

Hearthstone Place 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 339,388
Revaluations 5,000
At 30 June 2023 344,388
NET BOOK VALUE
At 30 June 2023 344,388
At 30 June 2022 339,388

Investment properties are stated in the balance sheet at their aggregate fair value based on valuations carried out at 30 June 2023 by the director. If investment property had not been revalued it would have been included at the historical cost of £269,388.(2022 £269,388)

Hearthstone Place Limited (Registered number: 12693195)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,639 7,639
Taxation and social security 82 149
Other creditors 72,747 73,692
80,468 81,480

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 191,275 191,275

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 160,719 160,719

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 198,914 198,914

Nature of Security
The bank loans are secured by floating charges over property owned by the company.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,068 2,305

Deferred
tax
£   
Balance at 1 July 2022 2,305
Provided during year 10,763
Balance at 30 June 2023 13,068

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 A Ordinary £1 1,000 1,000

Hearthstone Place Limited (Registered number: 12693195)

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

10. RESERVES
Fair
value
reserve
£   
At 1 July 2022 67,695
Revaluation Investment
Property 5,000
Deferred tax
investment property (10,763 )

At 30 June 2023 61,932

11. RELATED PARTY DISCLOSURES

During the year the company rented a property to a related party. A below market rate rent was charged
amounting to £9,600.(2022 £9,600)