18 Hedge Lane Limited 10845987 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Rental of 18 Hedge Lane Digita Accounts Production Advanced 6.30.9574.0 true 10845987 2022-08-01 2023-07-31 10845987 2023-07-31 10845987 bus:OrdinaryShareClass1 2023-07-31 10845987 core:CurrentFinancialInstruments 2023-07-31 10845987 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10845987 core:Non-currentFinancialInstruments 2023-07-31 10845987 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 10845987 bus:SmallEntities 2022-08-01 2023-07-31 10845987 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10845987 bus:FilletedAccounts 2022-08-01 2023-07-31 10845987 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10845987 bus:RegisteredOffice 2022-08-01 2023-07-31 10845987 bus:Director1 2022-08-01 2023-07-31 10845987 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 10845987 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10845987 bus:Agent1 2022-08-01 2023-07-31 10845987 countries:AllCountries 2022-08-01 2023-07-31 10845987 2022-07-31 10845987 2021-08-01 2022-07-31 10845987 2022-07-31 10845987 bus:OrdinaryShareClass1 2022-07-31 10845987 core:CurrentFinancialInstruments 2022-07-31 10845987 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 10845987 core:Non-currentFinancialInstruments 2022-07-31 10845987 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10845987

18 Hedge Lane Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

18 Hedge Lane Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

18 Hedge Lane Limited

Company Information

Directors

M C Periklis

Registered office

20 Coxon Street
Spondon
Derby
DE21 7JG

Bankers

Cynergy Bank
PO Box 17484
87 Chase Side
London
N14 5WH

Accountants

Lambert Chapman LLP
Chartered accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

18 Hedge Lane Limited

(Registration number: 10845987)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

950,000

950,000

Current assets

 

Debtors

5

16,904

29,592

Cash at bank and in hand

 

47,477

292

 

64,381

29,884

Creditors: Amounts falling due within one year

6

(269,203)

(230,293)

Net current liabilities

 

(204,822)

(200,409)

Total assets less current liabilities

 

745,178

749,591

Creditors: Amounts falling due after more than one year

6

(464,750)

(464,750)

Provisions for liabilities

(56,142)

(56,142)

Net assets

 

224,286

228,699

Capital and reserves

 

Called up share capital

7

1

1

Other reserves

188,962

188,962

Retained earnings

35,323

39,736

Shareholders' funds

 

224,286

228,699

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2024
 

M C Periklis
Director

 

18 Hedge Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 20 Coxon Street, Spondon, Derby, DE21 7JG, England.

These financial statements were authorised for issue by the director on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention with the exception of investment property which has been accounted for based on revalued cost.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of rental services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

 

18 Hedge Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investment properties

2023
£

At 1 August 2022

950,000

At 31 July 2023

950,000

The fair value has been determined by the director as at 31 July 2023.

5

Debtors

2023
£

2022
£

Trade debtors

-

3,416

Prepayments

3,140

3,155

Other debtors

13,764

23,021

16,904

29,592

 

18 Hedge Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,242

-

Taxation and social security

-

1,968

Accruals and deferred income

30,693

20,387

Other creditors

237,268

207,938

269,203

230,293

Creditors: amounts falling due after more than one year on which security has been given

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

464,750

464,750

Bank borrowings

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

464,750

464,750