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REGISTERED NUMBER: 00920199 (England and Wales)















Financial Statements

for the Period 1st January 2022 to 31st March 2023

for

W. E. Haselden and Son Limited

W. E. Haselden and Son Limited (Registered number: 00920199)

Contents of the Financial Statements
for the Period 1st January 2022 to 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W. E. Haselden and Son Limited

Company Information
for the Period 1st January 2022 to 31st March 2023







DIRECTORS: Mrs K A Haselden
K W G Haselden





SECRETARY: Mrs K A Haselden





REGISTERED OFFICE: c/o Good Food Wines Limited
No. 3 Warehouse
Medway City Estate
Strood
Kent
ME2 4EW





REGISTERED NUMBER: 00920199 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

W. E. Haselden and Son Limited (Registered number: 00920199)

Balance Sheet
31st March 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 379,817 143,703
Investment property 6 21,043,808 18,289,310
21,423,625 18,433,013

CURRENT ASSETS
Debtors 7 473,229 943,503
Cash at bank 1,790,344 1,931,212
2,263,573 2,874,715
CREDITORS
Amounts falling due within one year 8 1,754,230 1,684,316
NET CURRENT ASSETS 509,343 1,190,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,932,968

19,623,412

CREDITORS
Amounts falling due after more than one
year

9

(1,040,000

)

(1,040,000

)

PROVISIONS FOR LIABILITIES (84,434 ) (27,325 )
NET ASSETS 20,808,534 18,556,087

CAPITAL AND RESERVES
Called up share capital 32,697 32,697
Share premium 10 67,959 67,959
Fair value reserve 10 2,661,927 1,506,170
Retained earnings 10 18,045,951 16,949,261
SHAREHOLDERS' FUNDS 20,808,534 18,556,087

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

W. E. Haselden and Son Limited (Registered number: 00920199)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2023 and were signed on its behalf by:





K W G Haselden - Director


W. E. Haselden and Son Limited (Registered number: 00920199)

Notes to the Financial Statements
for the Period 1st January 2022 to 31st March 2023


1. STATUTORY INFORMATION

W. E. Haselden and Son 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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 - 20% - 33.3% on cost
Motor vehicles - 20% on cost

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 period 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 period 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.

W. E. Haselden and Son Limited (Registered number: 00920199)

Notes to the Financial Statements - continued
for the Period 1st January 2022 to 31st March 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2022 715,829 44,250 760,079
Additions 321,738 32,890 354,628
Disposals - (30,005 ) (30,005 )
At 31st March 2023 1,037,567 47,135 1,084,702
DEPRECIATION
At 1st January 2022 572,128 44,248 616,376
Charge for period 110,290 8,223 118,513
Eliminated on disposal - (30,004 ) (30,004 )
At 31st March 2023 682,418 22,467 704,885
NET BOOK VALUE
At 31st March 2023 355,149 24,668 379,817
At 31st December 2021 143,701 2 143,703

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2022 18,289,310
Additions 1,598,741
Revaluations 1,155,757
At 31st March 2023 21,043,808
NET BOOK VALUE
At 31st March 2023 21,043,808
At 31st December 2021 18,289,310

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2005 86,050
Valuation in 2016 1,420,120
Valuation in 2023 1,155,757
Cost 18,381,881
21,043,808

The directors consider the figures above to reflect the fair value of the investment properties held.

W. E. Haselden and Son Limited (Registered number: 00920199)

Notes to the Financial Statements - continued
for the Period 1st January 2022 to 31st March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 469,118 364,394
Other debtors - 575,591
Prepayments and accrued income 4,111 3,518
473,229 943,503

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade creditors 100,272 148,716
Corporation tax 225,524 200,286
Social security and other taxes 136,556 6,564
Other creditors 737,091 885,848
Accruals and deferred income 554,787 442,902
1,754,230 1,684,316

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2021
£    £   
Other creditors 1,040,000 1,040,000

10. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1st January 2022 16,949,261 67,959 1,506,170 18,523,390
Profit for the period 2,606,447 - - 2,606,447
Dividends (354,000 ) - - (354,000 )
Fair value movements (1,155,757 ) - 1,155,757 -
At 31st March 2023 18,045,951 67,959 2,661,927 20,775,837

11. ULTIMATE CONTROLLING PARTY

Due to the diversity of the shareholding there is no ultimate controlling party.