Company registration number 05510907 (England and Wales)
THE HAZLE BARNS MANAGEMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
THE HAZLE BARNS MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE HAZLE BARNS MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
605
501
Cash at bank and in hand
12,019
7,072
12,624
7,573
Creditors: amounts falling due within one year
4
(1,373)
(996)
Net current assets
11,251
6,577
Capital and reserves
Called up share capital
8
8
Profit and loss reserves
11,243
6,569
Total equity
11,251
6,577

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 July 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 22 November 2023 and are signed on its behalf by:
Mr Robert Littlefair
Director
Company Registration No. 05510907
THE HAZLE BARNS MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

The Hazle Barns Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ledbury Business Centre, 136 Bridge Street, Ledbury, Herefordshire, England, HR8 2AS.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.6

Fixed Assets

The Management Company owns communal land around the estate, which was transferred from the building firm on set up for a peppercorn value.

THE HAZLE BARNS MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
2
Employees

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

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
605
501
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
647
130
Other creditors
726
866
1,373
996
2023-07-312022-08-01false22 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityK L HarrisMr Robert LittlefairMr David LowreyMr D P MarleyMr C G NeweyMiss D SayersMr J D SeebergM J WillisMr C E Willis055109072022-08-012023-07-31055109072023-07-31055109072022-07-3105510907core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3105510907core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-3105510907core:CurrentFinancialInstruments2023-07-3105510907core:CurrentFinancialInstruments2022-07-3105510907core:ShareCapital2023-07-3105510907core:ShareCapital2022-07-3105510907core:RetainedEarningsAccumulatedLosses2023-07-3105510907core:RetainedEarningsAccumulatedLosses2022-07-3105510907bus:Director22022-08-012023-07-31055109072021-08-012022-07-3105510907core:WithinOneYear2023-07-3105510907core:WithinOneYear2022-07-3105510907bus:PrivateLimitedCompanyLtd2022-08-012023-07-3105510907bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105510907bus:FRS1022022-08-012023-07-3105510907bus:AuditExemptWithAccountantsReport2022-08-012023-07-3105510907bus:Director12022-08-012023-07-3105510907bus:Director32022-08-012023-07-3105510907bus:Director42022-08-012023-07-3105510907bus:Director52022-08-012023-07-3105510907bus:Director62022-08-012023-07-3105510907bus:Director72022-08-012023-07-3105510907bus:Director82022-08-012023-07-3105510907bus:Director92022-08-012023-07-3105510907bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP