REGISTERED NUMBER: |
HEADLANDS DRIVE LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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. |
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 |
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 |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
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. |