Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10418259 2022-11-01 2023-10-31 10418259 2021-11-01 2022-10-31 10418259 2023-10-31 10418259 2022-10-31 10418259 c:Director1 2022-11-01 2023-10-31 10418259 d:OfficeEquipment 2022-11-01 2023-10-31 10418259 d:OfficeEquipment 2023-10-31 10418259 d:OfficeEquipment 2022-10-31 10418259 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 10418259 d:FreeholdInvestmentProperty 2023-10-31 10418259 d:FreeholdInvestmentProperty 2022-10-31 10418259 d:CurrentFinancialInstruments 2023-10-31 10418259 d:CurrentFinancialInstruments 2022-10-31 10418259 d:Non-currentFinancialInstruments 2023-10-31 10418259 d:Non-currentFinancialInstruments 2022-10-31 10418259 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10418259 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10418259 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 10418259 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 10418259 d:ShareCapital 2023-10-31 10418259 d:ShareCapital 2022-10-31 10418259 d:RetainedEarningsAccumulatedLosses 2023-10-31 10418259 d:RetainedEarningsAccumulatedLosses 2022-10-31 10418259 c:OrdinaryShareClass1 2022-11-01 2023-10-31 10418259 c:OrdinaryShareClass1 2023-10-31 10418259 c:OrdinaryShareClass1 2022-10-31 10418259 c:FRS102 2022-11-01 2023-10-31 10418259 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10418259 c:FullAccounts 2022-11-01 2023-10-31 10418259 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10418259









HAYLSTONES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
HAYLSTONES LIMITED
REGISTERED NUMBER: 10418259

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
89
118

Investment property
 5 
176,598
176,598

  
176,687
176,716

Current assets
  

Stocks
  
-
1,543

Cash at bank and in hand
 6 
2,059
1,542

  
2,059
3,085

Creditors: amounts falling due within one year
 7 
(67,731)
(68,231)

Net current liabilities
  
 
 
(65,672)
 
 
(65,146)

Total assets less current liabilities
  
111,015
111,570

Creditors: amounts falling due after more than one year
 8 
(156,955)
(156,955)

  

Net liabilities
  
(45,940)
(45,385)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(46,040)
(45,485)

  
(45,940)
(45,385)


Page 1

 
HAYLSTONES LIMITED
REGISTERED NUMBER: 10418259
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




H L Wright
Director

Date: 30 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HAYLSTONES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Haylstones Limited, 01418259, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address of Springbank, Bryndu Road, Llanidloes, Powys, SY18 6JH 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through the support of the company directors. The directors have informally considered the future trading of the company and believes that with continued financial support it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HAYLSTONES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

Page 4

 
HAYLSTONES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
662



At 31 October 2023

662



Depreciation


At 1 November 2022
544


Charge for the year on owned assets
29



At 31 October 2023

573



Net book value



At 31 October 2023
89



At 31 October 2022
118

Page 5

 
HAYLSTONES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
176,598



At 31 October 2023
176,598

The 2023 valuations were made by the directors, on an open market value for existing use basis.








6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,059
1,542

2,059
1,542



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
66,237
66,965

Accruals and deferred income
1,494
1,266

67,731
68,231



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
156,955
156,955

156,955
156,955


Page 6

 
HAYLSTONES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7