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REGISTERED NUMBER: 04817769 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Hindhaugh Homes Limited

Hindhaugh Homes Limited (Registered number: 04817769)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Hindhaugh Homes Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S A Hindhaugh
P Hindhaugh





REGISTERED OFFICE: Newton Hall
Newton-on-the-moor
Morpeth
Northumberland
NE65 9JU





REGISTERED NUMBER: 04817769 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hindhaugh Homes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hindhaugh Homes Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hindhaugh Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hindhaugh Homes Limited and state those matters that we have agreed to state to the Board of Directors of Hindhaugh Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hindhaugh Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hindhaugh Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hindhaugh Homes Limited. You consider that Hindhaugh Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hindhaugh Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


2 April 2024

Hindhaugh Homes Limited (Registered number: 04817769)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,234 129,602

CURRENT ASSETS
Stocks 2,843,879 2,433,877
Debtors 5 73,808 54,666
Cash at bank and in hand 55,468 364,039
2,973,155 2,852,582
CREDITORS
Amounts falling due within one year 6 57,316 28,680
NET CURRENT ASSETS 2,915,839 2,823,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,056,073

2,953,504

CREDITORS
Amounts falling due after more than one
year

7

(1,263,962

)

(1,260,492

)

PROVISIONS FOR LIABILITIES (26,645 ) (24,624 )
NET ASSETS 1,765,466 1,668,388

Hindhaugh Homes Limited (Registered number: 04817769)

Balance Sheet - continued
31 July 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,765,464 1,668,386
SHAREHOLDERS' FUNDS 1,765,466 1,668,388

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





P Hindhaugh - Director


Hindhaugh Homes Limited (Registered number: 04817769)

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

1. STATUTORY INFORMATION

Hindhaugh Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 derived from the development and sale of property, developments can take place over a number of years with various plots being sold as they complete, the sale is accounted for at the date of completion and the ownership of the assets has transferred..

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 - 15% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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

Cost includes all costs included in the initial purchase of the developments and all purchases and other costs incurred in bringing the stock to its present condition.


Hindhaugh Homes Limited (Registered number: 04817769)

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

2. ACCOUNTING POLICIES - continued
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.

Trade debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Trade creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

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

Hindhaugh Homes Limited (Registered number: 04817769)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 245,187
Additions 65,011
Disposals (50,302 )
At 31 July 2023 259,896
DEPRECIATION
At 1 August 2022 115,585
Charge for year 12,687
Eliminated on disposal (8,610 )
At 31 July 2023 119,662
NET BOOK VALUE
At 31 July 2023 140,234
At 31 July 2022 129,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,500 600
Amounts owed by associates 40,000 40,000
Other debtors 26,308 14,066
73,808 54,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,401 1,029
Amounts owed to associates 21,961 22,508
Taxation and social security 19,811 -
Other creditors 5,143 5,143
57,316 28,680

Hindhaugh Homes Limited (Registered number: 04817769)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,263,962 1,260,492

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 1,263,962 1,260,492

Loans are secured on the companies assets.