0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,790 3,790 3,790 xbrli:pure xbrli:shares iso4217:GBP 02554061 2023-01-01 2023-12-31 02554061 2023-12-31 02554061 2022-12-31 02554061 2022-01-01 2022-12-31 02554061 2022-12-31 02554061 2021-12-31 02554061 bus:Director4 2023-01-01 2023-12-31 02554061 core:WithinOneYear 2023-12-31 02554061 core:WithinOneYear 2022-12-31 02554061 core:LandBuildings 2023-01-01 2023-12-31 02554061 core:ShareCapital 2023-12-31 02554061 core:ShareCapital 2022-12-31 02554061 core:OtherReservesSubtotal 2023-12-31 02554061 core:OtherReservesSubtotal 2022-12-31 02554061 core:RetainedEarningsAccumulatedLosses 2023-12-31 02554061 core:RetainedEarningsAccumulatedLosses 2022-12-31 02554061 core:LandBuildings 2023-12-31 02554061 bus:SmallEntities 2023-01-01 2023-12-31 02554061 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02554061 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02554061 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02554061 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 02554061
THE HASTINGS (LANCASTER) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2023
THE HASTINGS (LANCASTER) LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
4
3,790
3,790
CURRENT ASSETS
Debtors
5
1,023
1,102
Cash at bank and in hand
13,433
12,962
---------
---------
14,456
14,064
CREDITORS: amounts falling due within one year
6
5,542
2,893
---------
---------
NET CURRENT ASSETS
8,914
11,171
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
12,704
14,961
---------
---------
NET ASSETS
12,704
14,961
---------
---------
CAPITAL AND RESERVES
Called up share capital
44
44
Maintenance reserve fund
11,286
12,529
Profit and loss account
1,374
2,388
---------
---------
SHAREHOLDERS FUNDS
12,704
14,961
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31st December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
THE HASTINGS (LANCASTER) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 1 April 2024 , and are signed on behalf of the board by:
E L Forrest
Director
Company registration number: 02554061
THE HASTINGS (LANCASTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Yew Tree Cottage, Alderley Road, Prestbury, Macclesfield, SK10 4RH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents service charges receivable during the year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. TANGIBLE ASSETS
Freehold Land
£
Cost
At 1st January 2023
Additions
3,790
--------
At 31st December 2023
3,790
--------
Depreciation
At 1st January 2023 and 31st December 2023
--------
Carrying amount
At 31st December 2023
3,790
--------
At 31st December 2022
--------
5. DEBTORS
2023
2022
£
£
Trade debtors
30
34
Prepayments and accrued income
993
1,068
--------
--------
1,023
1,102
--------
--------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
113
Accruals and deferred income
5,421
2,735
Corporation tax
121
45
--------
--------
5,542
2,893
--------
--------