Silverfin false false 30/04/2024 01/03/2023 30/04/2024 Gillian Maddison 16/01/2015 Rebecca Maddison 16/01/2015 Gemma Shipley 16/01/2015 07 August 2024 The principle activity of the company in the year under review was that to be of hairdressers. 09393228 2024-04-30 09393228 bus:Director1 2024-04-30 09393228 bus:Director2 2024-04-30 09393228 bus:Director3 2024-04-30 09393228 2023-02-28 09393228 core:CurrentFinancialInstruments 2024-04-30 09393228 core:CurrentFinancialInstruments 2023-02-28 09393228 core:Non-currentFinancialInstruments 2024-04-30 09393228 core:Non-currentFinancialInstruments 2023-02-28 09393228 core:ShareCapital 2024-04-30 09393228 core:ShareCapital 2023-02-28 09393228 core:RetainedEarningsAccumulatedLosses 2024-04-30 09393228 core:RetainedEarningsAccumulatedLosses 2023-02-28 09393228 core:Goodwill 2023-02-28 09393228 core:Goodwill 2024-04-30 09393228 core:LandBuildings 2023-02-28 09393228 core:PlantMachinery 2023-02-28 09393228 core:FurnitureFittings 2023-02-28 09393228 core:LandBuildings 2024-04-30 09393228 core:PlantMachinery 2024-04-30 09393228 core:FurnitureFittings 2024-04-30 09393228 bus:OrdinaryShareClass1 2024-04-30 09393228 bus:OrdinaryShareClass2 2024-04-30 09393228 bus:OrdinaryShareClass3 2024-04-30 09393228 2023-03-01 2024-04-30 09393228 bus:FilletedAccounts 2023-03-01 2024-04-30 09393228 bus:SmallEntities 2023-03-01 2024-04-30 09393228 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-04-30 09393228 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-04-30 09393228 bus:Director1 2023-03-01 2024-04-30 09393228 bus:Director2 2023-03-01 2024-04-30 09393228 bus:Director3 2023-03-01 2024-04-30 09393228 core:Goodwill core:TopRangeValue 2023-03-01 2024-04-30 09393228 core:PlantMachinery 2023-03-01 2024-04-30 09393228 core:FurnitureFittings 2023-03-01 2024-04-30 09393228 2022-03-01 2023-02-28 09393228 core:Goodwill 2023-03-01 2024-04-30 09393228 core:LandBuildings 2023-03-01 2024-04-30 09393228 core:LandBuildings 1 2023-03-01 2024-04-30 09393228 core:PlantMachinery 1 2023-03-01 2024-04-30 09393228 core:FurnitureFittings 1 2023-03-01 2024-04-30 09393228 1 2023-03-01 2024-04-30 09393228 core:Non-currentFinancialInstruments 2023-03-01 2024-04-30 09393228 bus:OrdinaryShareClass1 2023-03-01 2024-04-30 09393228 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 09393228 bus:OrdinaryShareClass2 2023-03-01 2024-04-30 09393228 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 09393228 bus:OrdinaryShareClass3 2023-03-01 2024-04-30 09393228 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09393228 (England and Wales)

THE PARK AT HOVINGHAM LIMITED

Unaudited Financial Statements
For the financial period from 01 March 2023 to 30 April 2024
Pages for filing with the registrar

THE PARK AT HOVINGHAM LIMITED

Unaudited Financial Statements

For the financial period from 01 March 2023 to 30 April 2024

Contents

THE PARK AT HOVINGHAM LIMITED

COMPANY INFORMATION

For the financial period from 01 March 2023 to 30 April 2024
THE PARK AT HOVINGHAM LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 March 2023 to 30 April 2024
DIRECTORS Gillian Maddison
Rebecca Maddison
Gemma Shipley
SECRETARY Gemma Shipley
REGISTERED OFFICE The Park
Park Street
Hovingham
YO62 4JZ
United Kingdom
COMPANY NUMBER 09393228 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
THE PARK AT HOVINGHAM LIMITED

BALANCE SHEET

As at 30 April 2024
THE PARK AT HOVINGHAM LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 30.04.2024 28.02.2023
£ £
Fixed assets
Intangible assets 3 0 5,000
Tangible assets 4 0 347,010
0 352,010
Current assets
Stocks 5 0 500
Debtors 6 0 24,027
Cash at bank and in hand 7 59,941 288
59,941 24,815
Creditors: amounts falling due within one year 8 ( 37,593) ( 131,859)
Net current assets/(liabilities) 22,348 (107,044)
Total assets less current liabilities 22,348 244,966
Creditors: amounts falling due after more than one year 9 0 ( 235,939)
Provision for liabilities 0 ( 1,142)
Net assets 22,348 7,885
Capital and reserves
Called-up share capital 10 3 3
Profit and loss account 22,345 7,882
Total shareholders' funds 22,348 7,885

For the financial period ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Park At Hovingham Limited (registered number: 09393228) were approved and authorised for issue by the Board of Directors on 07 August 2024. They were signed on its behalf by:

Gemma Shipley
Director
THE PARK AT HOVINGHAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2023 to 30 April 2024
THE PARK AT HOVINGHAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2023 to 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Park At Hovingham Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Park, Park Street, Hovingham, YO62 4JZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 15 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.03.2023 to
30.04.2024
Year ended
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 5 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 March 2023 25,000 25,000
Disposals ( 25,000) ( 25,000)
At 30 April 2024 0 0
Accumulated amortisation
At 01 March 2023 20,000 20,000
Charge for the financial period 2,708 2,708
Disposals ( 22,708) ( 22,708)
At 30 April 2024 0 0
Net book value
At 30 April 2024 0 0
At 28 February 2023 5,000 5,000

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 March 2023 341,000 4,580 9,352 354,932
Disposals ( 341,000) ( 4,580) ( 9,352) ( 354,932)
At 30 April 2024 0 0 0 0
Accumulated depreciation
At 01 March 2023 0 2,209 5,713 7,922
Charge for the financial period 0 381 584 965
Disposals 0 ( 2,590) ( 6,298) ( 8,888)
Rounding 0 0 1 1
At 30 April 2024 0 0 0 0
Net book value
At 30 April 2024 0 0 0 0
At 28 February 2023 341,000 2,371 3,639 347,010

5. Stocks

30.04.2024 28.02.2023
£ £
Stocks 0 500

6. Debtors

30.04.2024 28.02.2023
£ £
Trade debtors 0 10,000
Other debtors 0 14,027
0 24,027

7. Cash and cash equivalents

30.04.2024 28.02.2023
£ £
Cash at bank and in hand 59,941 288

8. Creditors: amounts falling due within one year

30.04.2024 28.02.2023
£ £
Bank loans 0 48,746
Trade creditors 413 1,380
Taxation and social security 22,668 30,467
Other creditors 14,512 51,266
37,593 131,859

9. Creditors: amounts falling due after more than one year

30.04.2024 28.02.2023
£ £
Bank loans 0 235,939

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

30.04.2024 28.02.2023
£ £
Allotted, called-up and fully-paid
1 A ordinary share of £ 1.00 1 1
1 B ordinary share of £ 1.00 1 1
1 C ordinary share of £ 1.00 1 1
3 3