Haugh Farm Holdings Limited |
Registered Number:13750881 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Haugh Farm Holdings Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Haugh Farm Holdings Limited
Statement of Financial Position
2022
2023
31,246
453,536
2
Trade and other receivables |
100
10,250
3
49
Cash and cash equivalents |
620
464,406
31,395
Trade and other payables: amounts falling due within one |
year |
(32,343)
(476,814)
4
(948)
(12,408)
Net current liabilities
Total assets less current liabilities |
(12,408)
(948)
(12,408)
Net liabilities
(948)
100
100
(12,508)
(1,048)
(12,408)
(948)
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
L C Read-Farrell Director |
These financial statements were approved and authorised for issue by the Board on 28 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2023
Haugh Farm Holdings Limited
Notes to the Financial Statements
Statutory Information
Haugh Farm Holdings Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 13750881. |
Reads Property Development, Unit 20B
Hopper Way
Diss
Norfolk
IP22 4GT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Inventories
Inventory comprises work in progress on several properties for development and sale. Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and those overheads that have been incurred in bringing the inventory to its present location and condition. |
Going Concern
At 30 November 2023, the company had net liabilities and net current liabilities of £12,408 (2022 : £948). The |
directors have considered the availability of working capital at 30 November together with the continued support from |
the company's shareholders and connected businesses, and is of the opinion that this will be sufficient to enable the |
company to continue operating for at least the 12 months from the date of signing these accounts, and pay its debts |
as they fall due. The directors have therefore concluded that the accounts should be prepared on a going concern |
basis. |
2022
2023
453,536
31,246
3. Trade and other receivables |
2022
2023
150
-
10,100
100
100
10,250
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For the year ended 30 November 2023
Haugh Farm Holdings Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year |
2022
2023
5,167
3,746
471,647
28,597
476,814
32,343
5. Related party transactions |
During the year the company received a loan from a company in which the director, J Read, has control. The total |
amount loaned, net of any repayments, was £442,734. The balance outstanding at the year end was £470,814 |
(2022: £28,080) and this is included in other creditors in note 4 to the accounts. The loan has been provided on an |
interest free basis and is repayable on demand. |
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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