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REGISTERED NUMBER: 01037180 (England and Wales)















Hornby Castle Estates Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Hornby Castle Estates Limited (Registered number: 01037180)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hornby Castle Estates Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: OHG Battersby





SECRETARY: CGD Battersby





REGISTERED OFFICE: The Estate Office
Hornby Castle
Hornby
Nr Lancaster
Lancashire
LA2 8JU





REGISTERED NUMBER: 01037180 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Hornby Castle Estates Limited (Registered number: 01037180)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,971 10,721

CURRENT ASSETS
Stocks 198 219
Debtors 5 1,147 1,269
Cash at bank 2,624 4,974
3,969 6,462
CREDITORS
Amounts falling due within one year 6 27,270 14,091
NET CURRENT LIABILITIES (23,301 ) (7,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,330

)

3,092

CREDITORS
Amounts falling due after more than one
year

7

44,290

44,290
NET LIABILITIES (57,620 ) (41,198 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (57,720 ) (41,298 )
SHAREHOLDERS' FUNDS (57,620 ) (41,198 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hornby Castle Estates Limited (Registered number: 01037180)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 June 2024 and were signed by:





OHG Battersby - Director


Hornby Castle Estates Limited (Registered number: 01037180)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Hornby Castle Estates 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

2. ACCOUNTING POLICIES

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

The financial statements have been prepared on the going concern basis despite the excess of liabilities over assets as the director has indicated his willingness to continue to support the company.

Turnover
Turnover represents sales of estate services and rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold buildings - 10% on cost
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Hornby Castle Estates Limited (Registered number: 01037180)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Short
leasehold Plant and
buildings machinery Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 69,458 58,740 128,198
DEPRECIATION
At 1 January 2023 59,742 57,735 117,477
Charge for year 499 251 750
At 31 December 2023 60,241 57,986 118,227
NET BOOK VALUE
At 31 December 2023 9,217 754 9,971
At 31 December 2022 9,716 1,005 10,721

The land and buildings were revalued from £Nil cost by the directors on 31 March 1987. Other tangible fixed assets, including subsequent additions to land and buildings, are included at cost. The 1987 open market value of land and buildings was £50,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 1,147 1,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 21,933 8,920
Accruals and deferred income 5,337 5,171
27,270 14,091

Included within other creditors is a balance owing to the Director's of £21,933 (2022: £8,920) which bears no interest and has no fixed repayment terms.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors' loan account 44,290 44,290

Included within other creditors is a balance owing to the Director's of £44,290 (2022: £44,290) which bears no interest and has no fixed repayment terms.

Hornby Castle Estates Limited (Registered number: 01037180)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital £1 100 100

9. RELATED PARTY DISCLOSURES

In the directors' opinion the company is controlled by Mr and Mrs OHG Battersby.