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REGISTERED NUMBER: 01011504 (England and Wales)















G.D.HARDY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


G.D.HARDY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J G Hardy
G D Hardy
Mrs S S Taylor
R I Taylor





REGISTERED OFFICE: Hawthorne House
Boltons Lane
Ingoldmells
Skegness
Lincolnshire
PE25 1JJ





REGISTERED NUMBER: 01011504 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,649,153 5,619,349
Investment property 5 300,000 300,000
5,949,153 5,919,349

CURRENT ASSETS
Valuation 700,339 646,998
Debtors 6 250,757 253,221
Cash at bank and in hand 1,283,695 1,805,549
2,234,791 2,705,768
CREDITORS
Amounts falling due within one year 7 1,656,521 2,498,246
NET CURRENT ASSETS 578,270 207,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,527,423

6,126,871

PROVISIONS FOR LIABILITIES 137,657 146,598
NET ASSETS 6,389,766 5,980,273

CAPITAL AND RESERVES
Called up share capital 8 600 600
Fair value reserve 9 72,009 72,009
Retained earnings 9 6,317,157 5,907,664
SHAREHOLDERS' FUNDS 6,389,766 5,980,273

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 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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





G D Hardy - Director


G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

G.D.Hardy 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.

Turnover
Turnover represents the fair value of consideration received for net invoiced sales of produce, site fees and caravan sales, excluding value added tax.

Sales of farming produce are recognised upon dispatch, revenue from the caravan site is recognised upon receipt and sales of caravans are recognised when the caravans are delivered to the customer.

Tangible fixed assets
Tangible fixed assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- Nil
Site fixtures and facilities- 5% on cost, 10% on cost and 10% on reducing balance
Tenants fixtures- 5% on cost, 10% on cost and 10% on reducing balance
Plant and machinery- 12.5% - 30% on reducing balance
Motor vehicles- 25%% on reducing balance

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

Stock
Stocks have been certified by a qualified valuer at the lower of cost and fair value less costs to complete and sell.

Caravans held in stock are goods for resale and are valued at the lower of cost and fair value less costs to complete and sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statementt in the period to which they relate.

G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Site
fixtures
Freehold and Plant and Motor
property facilities machinery vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 3,715,788 2,873,736 386,208 56,270 7,032,002
Additions 12,317 241,538 - - 253,855
At 31 December 2023 3,728,105 3,115,274 386,208 56,270 7,285,857
DEPRECIATION
At 1 January 2023 - 1,127,293 239,215 46,145 1,412,653
Charge for year - 191,587 29,932 2,532 224,051
At 31 December 2023 - 1,318,880 269,147 48,677 1,636,704
NET BOOK VALUE
At 31 December 2023 3,728,105 1,796,394 117,061 7,593 5,649,153
At 31 December 2022 3,715,788 1,746,443 146,993 10,125 5,619,349

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 300,000
NET BOOK VALUE
At 31 December 2023 300,000
At 31 December 2022 300,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 26,011
Valuation in 2022 70,000
Cost 203,989
300,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 203,989 203,989

The directors have valued the investment property based on the value of similar properties that have recently sold in the area.

G.D.HARDY LIMITED (REGISTERED NUMBER: 01011504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,664 25,379
Amounts owed by group parties 152,794 196,621
VAT 12,267 -
Prepayments and accrued income 37,032 31,221
250,757 253,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 69,346 285,656
Amounts owed to group parties 201,763 149,263
Tax 106,394 107,706
Social security and other taxes 4,796 19,090
VAT - 31,852
Director's current accounts 752,889 1,323,083
Accruals and deferred income 521,333 581,596
1,656,521 2,498,246

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
600 'A' Ordinary £1 600 600

9. RESERVES

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.