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REGISTERED NUMBER: 13313000 (England and Wales)












HEADLANDS DRIVE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HEADLANDS DRIVE LTD (REGISTERED NUMBER: 13313000)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEADLANDS DRIVE LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: M K Gribben
C E J Harris
D Highfield
M T Maccallum
M S Mundae
M Pryke
J H Whiteley





REGISTERED OFFICE: Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF





REGISTERED NUMBER: 13313000 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

HEADLANDS DRIVE LTD (REGISTERED NUMBER: 13313000)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 26,000 26,000

CURRENT ASSETS
Debtors 5 - 151
Cash at bank 4,837 2,800
4,837 2,951
CREDITORS
Amounts falling due within one year 6 4,837 2,951
NET CURRENT LIABILITIES - -
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,000

26,000

RESERVES
Income and expenditure account 26,000 26,000
26,000 26,000

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 directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





J H Whiteley - Director


HEADLANDS DRIVE LTD (REGISTERED NUMBER: 13313000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Headlands Drive Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Company owns some communal land and provides certain services related to such land on the estate known as Headlands Drive, Berkhamsted HP4 2PG in return for service fee payments paid by the owners (from time to time) of the seven houses on the Headlands Drive estate (the "House Owners"). Expenditure in providing these services to the House Owners and service fees received from the House Owners are treated as service charge expenses and receipts. The nature of the rights and obligations of the Company and the fees to be paid by the House Owners are governed by the terms of seven Transfer and Rent charge Deeds between the Company on the one hand and each of the House Owners on the other.

Investment property
In 2021, the residents of Headlands Drive each contributed an equal amount to the Company to enable the Company to acquire certain common areas of land, including the road, adjoining the properties in Headlands Drive. The property acquired is shown at the purchase cost, which equates to the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 26,000
NET BOOK VALUE
At 31 December 2023 26,000
At 31 December 2022 26,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 4,837 2,951

HEADLANDS DRIVE LTD (REGISTERED NUMBER: 13313000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. LIMITED BY GUARANTEE

The company being limited by guarantee has no share capital but each member undertakes to contribute a sum not exceeding £1 in the event of winding up whilst he/she is a member and within one year after he/she has ceased to be a member.