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REGISTERED NUMBER: 05000394 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HAZELBURY LIMITED

HAZELBURY LIMITED (REGISTERED NUMBER: 05000394)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HAZELBURY LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: P J F Seddon
A J D Seddon
Z Seddon





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 05000394 (England and Wales)

HAZELBURY LIMITED (REGISTERED NUMBER: 05000394)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,375 1,656
Investment property 5 850,000 720,000
851,375 721,656

CURRENT ASSETS
Debtors 832 8,891
Cash at bank 5,552 3,306
6,384 12,197
CREDITORS
Amounts falling due within one year 530,793 787,533
NET CURRENT LIABILITIES (524,409 ) (775,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,966

(53,680

)

CREDITORS
Amounts falling due after more than one year 6 (250,000 ) -

PROVISIONS FOR LIABILITIES (34,735 ) (10,088 )
NET ASSETS/(LIABILITIES) 42,231 (63,768 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,230 (63,769 )
SHAREHOLDERS' FUNDS 42,231 (63,768 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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.

HAZELBURY LIMITED (REGISTERED NUMBER: 05000394)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





P J F Seddon - Director


HAZELBURY LIMITED (REGISTERED NUMBER: 05000394)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Hazelbury Limited is a private company, limited by shares , 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 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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
Computer equipment-33.33% on cost

Investment property
Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account. Properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HAZELBURY LIMITED (REGISTERED NUMBER: 05000394)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 21,618
Additions 585
At 31 March 2024 22,203
DEPRECIATION
At 1 April 2023 19,962
Charge for year 866
At 31 March 2024 20,828
NET BOOK VALUE
At 31 March 2024 1,375
At 31 March 2023 1,656

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 720,000
Revaluations 130,000
At 31 March 2024 850,000
NET BOOK VALUE
At 31 March 2024 850,000
At 31 March 2023 720,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 139,859
Valuation in 2017 169,267
Valuation in 2018 (203,603 )
Valuation in 2019 (45,000 )
Valuation in 2020 (1,927 )
Valuation in 2022 15,000
Valuation in 2023 5,000
Valuation in 2024 130,000
Cost 641,404
850,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 641,404 641,404

Investment property was valued on an open market basis on 31 March 2024 by the director .

HAZELBURY LIMITED (REGISTERED NUMBER: 05000394)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Other loans more 5 yrs non-ins 250,000 -

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 250,000 -

Fixed and floating charges over all freehold and leasehold properties were created on 25 May 2023 by Monmouthshire Building Society to secure all monies due or becoming due. The charge also contained a negative pledge over the property.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024, the director had loaned the company £527,904 (2023 - £768,169). There is no interest due on the loan and it is repayable upon demand.