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REGISTERED NUMBER: 10714816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HAZELDINE CAPITAL LIMITED

HAZELDINE CAPITAL LIMITED (REGISTERED NUMBER: 10714816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAZELDINE CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P C Hazeldine





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
BN3 2PJ





REGISTERED NUMBER: 10714816 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

HAZELDINE CAPITAL LIMITED (REGISTERED NUMBER: 10714816)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,524 5,831
Investments 4 17,724,244 19,379,851
Investment property 5 906,336 1,241,336
18,635,104 20,627,018

CURRENT ASSETS
Cash at bank 982,220 930,449

CREDITORS
Amounts falling due within one year 6 14,876,350 18,332,388
NET CURRENT LIABILITIES (13,894,130 ) (17,401,939 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,740,974

3,225,079

PROVISIONS FOR LIABILITIES 1,131 14,255
NET ASSETS 4,739,843 3,210,824

CAPITAL AND RESERVES
Called up share capital 40 40
Revaluation reserve 7 - 38,392
Retained earnings 4,739,803 3,172,392
4,739,843 3,210,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





P C Hazeldine - Director


HAZELDINE CAPITAL LIMITED (REGISTERED NUMBER: 10714816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
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.

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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Turnover
Turnover represents the following types of income
- Rental income
- Income from the sale of properties
- Loan interest

All income is recognised on a receivable basis.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HAZELDINE CAPITAL LIMITED (REGISTERED NUMBER: 10714816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 659 6,535 14,194 21,388
Additions - - 2,207 2,207
At 30 April 2024 659 6,535 16,401 23,595
DEPRECIATION
At 1 May 2023 17 6,322 9,218 15,557
Charge for year 165 213 3,136 3,514
At 30 April 2024 182 6,535 12,354 19,071
NET BOOK VALUE
At 30 April 2024 477 - 4,047 4,524
At 30 April 2023 642 213 4,976 5,831

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 19,379,851
Additions (1,655,607 )
At 30 April 2024 17,724,244
NET BOOK VALUE
At 30 April 2024 17,724,244
At 30 April 2023 19,379,851

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,241,336
Disposals (335,000 )
At 30 April 2024 906,336
NET BOOK VALUE
At 30 April 2024 906,336
At 30 April 2023 1,241,336

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 198
Amounts owed to associates - 16,780,048
Tax 285,651 341,232
Social security and other taxes 7,500 7,908
Other creditors - 1,938
Directors' loan accounts 14,580,793 1,198,779
Accrued expenses 2,406 2,285
14,876,350 18,332,388

HAZELDINE CAPITAL LIMITED (REGISTERED NUMBER: 10714816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. RESERVES
Revaluation
reserve
£   
At 1 May 2023 38,392
Movement on Revaluation (38,392 )

At 30 April 2024 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, P Hazeldine increased his loan to the company. As at 30 April 2024, the company owed him £14,580,793 (2023: 1,198,779). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.