Company Registration No. 01007224 (England and Wales)
HAYMARKET DEVEL0PMENTS (N0RFOLK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HAYMARKET DEVEL0PMENTS (N0RFOLK) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HAYMARKET DEVEL0PMENTS (N0RFOLK) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
328,119
328,119
Debtors
4
135,940
108,829
Cash at bank and in hand
391,623
404,261
855,682
841,209
Creditors: amounts falling due within one year
5
(30,729)
(27,000)
Net current assets
824,953
814,209
Capital and reserves
Called up share capital
6
1,500
1,500
Share premium account
49
49
Profit and loss reserves
823,404
812,660
Total equity
824,953
814,209
Company Registration No. 01007224
HAYMARKET DEVEL0PMENTS (N0RFOLK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 November 2023 and are signed on its behalf by:
Mrs S  Hyams
Director
Company Registration No. 01007224
HAYMARKET DEVEL0PMENTS (N0RFOLK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Haymarket Devel0pments (N0rfolk) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 48 King Street, Kings Lynn, Norfolk, PE30 1HE. The principal place of business is Ingolmere, St Thomas' Lane, Ingoldisthorpe, King's Lynn, Norfolk, PE31 6PB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods net of trade discounts. Turnover is recognised at the date when rental income is received.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HAYMARKET DEVEL0PMENTS (N0RFOLK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,327
976
Other debtors
132,613
107,853
135,940
108,829
HAYMARKET DEVEL0PMENTS (N0RFOLK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,476
106
Amounts owed to group undertakings
23,723
23,723
Taxation and social security
2,520
1,871
Other creditors
2,010
1,300
30,729
27,000
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,500
1,500
1,500
1,500
2023-03-312022-04-01false30 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr E HyamsMrs S HyamsMrs Michelle NesteroffMrs S  Hyams010072242022-04-012023-03-31010072242023-03-31010072242022-03-3101007224core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3101007224core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3101007224core:CurrentFinancialInstruments2023-03-3101007224core:CurrentFinancialInstruments2022-03-3101007224core:ShareCapital2023-03-3101007224core:ShareCapital2022-03-3101007224core:SharePremium2023-03-3101007224core:SharePremium2022-03-3101007224core:RetainedEarningsAccumulatedLosses2023-03-3101007224core:RetainedEarningsAccumulatedLosses2022-03-3101007224bus:CompanySecretaryDirector12022-04-012023-03-31010072242021-04-012022-03-3101007224core:WithinOneYear2023-03-3101007224core:WithinOneYear2022-03-3101007224bus:PrivateLimitedCompanyLtd2022-04-012023-03-3101007224bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101007224bus:FRS1022022-04-012023-03-3101007224bus:AuditExemptWithAccountantsReport2022-04-012023-03-3101007224bus:Director12022-04-012023-03-3101007224bus:Director22022-04-012023-03-3101007224bus:Director32022-04-012023-03-3101007224bus:CompanySecretary12022-04-012023-03-3101007224bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP