Company registration number 12747546 (England and Wales)
Hurleston Finance Limited
Unaudited financial statements
For the period ended 31 March 2023
Hurleston Finance Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
Hurleston Finance Limited
Balance sheet
As at 31 March 2023
- 1 -
31 March 2023
31 July 2022
Notes
£
£
£
£
Current assets
Debtors falling due after more than one year
3
24,000,000
Debtors falling due within one year
3
300
300
Net current assets
24,000,300
300
Capital and reserves
-
-
Called up share capital
4
24,000,300
300
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 period 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 period 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 11 April 2024 and are signed on its behalf by:
Mr J Schofield
Mr M Schofield
Director
Director
Mr P Schofield
Director
Company registration number 12747546 (England and Wales)
Hurleston Finance Limited
Statement of changes in equity
For the period ended 31 March 2023
- 2 -
Share capital
Notes
£
Balance at 1 August 2021
1
Year ended 31 July 2022:
Profit and total comprehensive income
-
Other movements
299
Balance at 31 July 2022
300
Period ended 31 March 2023:
Profit and total comprehensive income
-
Issue of share capital
4
24,000,000
Balance at 31 March 2023
24,000,300
Hurleston Finance Limited
Notes to the financial statements
For the period ended 31 March 2023
- 3 -
1
Accounting policies
Company information
Hurleston Finance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Alvaston Business Park, Middlewich Road, Cheshire, CW5 6PF, Nantwich.
1.1
Reporting period
During the period the company changed its accounting reference period to 31 March. As a consequence these accounts are for the period 1 August 2022 to 31 March 2023. The prior period accounts are for the year ended 31 July 2022.
1.2
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.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
3
3
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
300
300
Hurleston Finance Limited
Notes to the financial statements (CONTINUED)
For the period ended 31 March 2023
3
Debtors
(Continued)
- 4 -
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
24,000,000
Total debtors
24,000,300
300
Debtors due after one year represent amounts due from companies with common control.
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
300
300
300
300
2023
2022
2023
2022
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
24,000,000
-
24,000,000
-
Preference shares classified as equity
24,000,000
-
Total equity share capital
24,000,300
300