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REGISTERED NUMBER: 04168684 (England and Wales)






















Hensam Developments Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Hensam Developments Limited (Registered number: 04168684)






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


Hensam Developments Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: B I Forbes





SECRETARY: Mrs H J Forbes





REGISTERED OFFICE: Little Pockthorpe Farm
Kilham
Driffield
East Yorkshire
YO25 4SY





REGISTERED NUMBER: 04168684 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Hensam Developments Limited (Registered number: 04168684)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,182 167,896

CURRENT ASSETS
Stocks 4,689 4,010
Debtors 5 210,371 415,249
Cash at bank 10,360 -
225,420 419,259
CREDITORS
Amounts falling due within one year 6 217,531 373,871
NET CURRENT ASSETS 7,889 45,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,071

213,284

CREDITORS
Amounts falling due after more than one
year

7

(75,777

)

(105,650

)

PROVISIONS FOR LIABILITIES (31,263 ) (25,125 )
NET ASSETS 54,031 82,509

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 54,029 82,507
54,031 82,509

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 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.

Hensam Developments Limited (Registered number: 04168684)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:





B I Forbes - Director


Hensam Developments Limited (Registered number: 04168684)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Hensam Developments 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.

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

Turnover is the amount, excluding value added tax, receivable in the ordinary course of business for goods supplied as a principal and for services provided.The policy adopted for the recognition of turnover is as follows:

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the value of work executed during the year.

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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks, including biological assets, are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring growing crops and finished produce to its current state. Net realisable value is estimated selling price in the ordinary course of business, less applicable variable selling expenses.


Hensam Developments Limited (Registered number: 04168684)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 51,154 355,167 406,321
Additions - 9,133 9,133
Disposals - (22,550 ) (22,550 )
At 31 March 2023 51,154 341,750 392,904
DEPRECIATION
At 1 April 2022 20,463 217,962 238,425
Charge for year 2,558 16,482 19,040
Eliminated on disposal - (17,743 ) (17,743 )
At 31 March 2023 23,021 216,701 239,722
NET BOOK VALUE
At 31 March 2023 28,133 125,049 153,182
At 31 March 2022 30,691 137,205 167,896

Hensam Developments Limited (Registered number: 04168684)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,818 97,692
Amounts recoverable on contract 55,000 235,000
Other debtors 99,553 82,557
210,371 415,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,870 26,384
Trade creditors 14,762 95,522
Taxation and social security 11,185 3,660
Other creditors 181,714 248,305
217,531 373,871

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,777 35,650
Other creditors 50,000 70,000
75,777 105,650

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 16,758

The hire purchase liabilities are secured on certain assets of the company.