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Registration number: 04989848

Hardy Family Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Hardy Family Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Hardy Family Properties Limited

Company Information

Directors

Mr N C Hardy

Mrs J A Hardy

Company secretary

Mrs J A Hardy

Registered office

Coopers Green
School Road
Windlesham
Surrey
GU20 6PA

Accountants

AGHS Accounting & Taxation Services Limited
Chartered Accountants
14 Progress Business Centre
Whittle Parkway
Slough
Berkshire
SL1 6DQ

 

Hardy Family Properties Limited

(Registration number: 04989848)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,858

3,868

Investment property

5

1,046,000

1,046,000

 

1,049,858

1,049,868

Current assets

 

Debtors

6

241

-

Cash at bank and in hand

 

24,679

27,406

 

24,920

27,406

Creditors: Amounts falling due within one year

7

(35,535)

(105,221)

Net current liabilities

 

(10,615)

(77,815)

Total assets less current liabilities

 

1,039,243

972,053

Provisions for liabilities

(41,027)

(41,030)

Net assets

 

998,216

931,023

Capital and reserves

 

Called up share capital

8

100

100

Other reserves

269,084

269,084

Retained earnings

729,032

661,839

Shareholders' funds

 

998,216

931,023

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Hardy Family Properties Limited

(Registration number: 04989848)
Balance Sheet as at 31 December 2023

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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 13 June 2024 and signed on its behalf by:
 

.........................................
Mrs J A Hardy
Company secretary and director

 

Hardy Family Properties Limited

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

1

General information

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

The address of its registered office is:
Coopers Green
School Road
Windlesham
Surrey
GU20 6PA

The principal place of business is:
Coopers Green
School Road
Windlesham
Surrey
GU20 6PA

These financial statements were authorised for issue by the Board on 13 June 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts receivable for property rents, excluding value added tax. Rents are accrued or deferred on a time-apportioned basis at the year end.

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Tax movements relating to items transferred from retained earnings to another reserve are also transferred to that reserve.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

Hardy Family Properties Limited

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed as of the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessment periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Trees are valued at the lower of cost and net realisable value. Grants received are deducted from cost.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement and subsequently transferred to the non-distributable reserve.

No depreciation has been provided in respect of the company's investment properties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Hardy Family Properties Limited

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

4

Tangible assets

Furniture, fittings and equipment etc
 £

Total
£

Cost or valuation

At 1 January 2023

7,541

7,541

At 31 December 2023

7,541

7,541

Depreciation

At 1 January 2023

3,673

3,673

Charge for the year

10

10

At 31 December 2023

3,683

3,683

Carrying amount

At 31 December 2023

3,858

3,858

At 31 December 2022

3,868

3,868

5

Investment properties

2023
£

At 1 January

1,046,000

At 31 December

1,046,000

The investment properties have been valued at fair value by a director, N C Hardy, who is a chartered surveyor. The valuations have been based on suitable multiples of current rental income.

There has been no valuation of investment property by an independent valuer.

Fair value movements, which are recognised in the Income Statement, are transferred from retained earnings to the non-distributable reserve. The non-distributable reserve is not available for distribution as it represents unrealised profits.

6

Debtors

Current

2023
£

2022
£

Prepayments

241

-

 

241

-

 

Hardy Family Properties Limited

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

25,305

20,514

Accruals and deferred income

1,230

8,207

Other creditors

9,000

76,500

35,535

105,221

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100