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REGISTERED NUMBER: 06574425 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HARDWICK VENTURES LIMITED

HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARDWICK VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S H McNiven





SECRETARY: N McNiven





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 06574425 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 300
Tangible assets 5 1,395,108 794,323
1,395,108 794,623

CURRENT ASSETS
Stocks 22,500 15,425
Debtors 6 32,624 29,864
Cash at bank 209,949 797
265,073 46,086
CREDITORS
Amounts falling due within one year 7 513,625 545,763
NET CURRENT LIABILITIES (248,552 ) (499,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,146,556

294,946

CREDITORS
Amounts falling due after more than one
year

8

(284,722

)

(293,107

)

PROVISIONS FOR LIABILITIES (126,202 ) -
NET ASSETS 735,632 1,839

CAPITAL AND RESERVES
Called up share capital 10 205,000 205,000
Revaluation reserve 11 496,497 -
Retained earnings 34,135 (203,161 )
SHAREHOLDERS' FUNDS 735,632 1,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





S H McNiven - Director


HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Hardwick Ventures 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.

The accounts have been prepared on a going concern basis due to the continued support of the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, and is derived from farming.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on valuation, excluding land element
Plant and machinery - 15% on reducing balance
Equine vehicles - 15% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Entitlements
The cost of entitlements purchased are capitalised as intangible fixed assets and written off over their estimated useful life of 10 years.

Land and buildings valuation
The director revalues the company's land and buildings each year. The determination of the fair value of each element requires the use of estimates and assumptions in relation to factors such as supply and demand in the local area, general condition and age of the property and market yields.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 3,000
AMORTISATION
At 1 May 2023 2,700
Charge for year 300
At 30 April 2024 3,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 300

HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 795,192 323,418 1,118,610
Additions - 655 655
Revaluations 504,808 - 504,808
At 30 April 2024 1,300,000 324,073 1,624,073
DEPRECIATION
At 1 May 2023 112,144 212,143 324,287
Charge for year 5,747 16,822 22,569
Revaluation adjustments (117,891 ) - (117,891 )
At 30 April 2024 - 228,965 228,965
NET BOOK VALUE
At 30 April 2024 1,300,000 95,108 1,395,108
At 30 April 2023 683,048 111,275 794,323

Included in cost or valuation of land and buildings is freehold land of £ 495,689 (2023 - £ 495,689 ) which is not depreciated.

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 504,808 - 504,808
Cost 795,192 324,073 1,119,265
1,300,000 324,073 1,624,073

If land and buildings had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 795,192 795,192
Aggregate depreciation 117,891 112,144

Value of land in freehold land and buildings 677,301 683,048

Land and buildings were valued on an open market basis on 30 April 2024 by the director .

The net book value of tangible fixed assets includes £24,705 (2023 - £29,064) in respect of assets held under hire purchase contracts.

HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 32,624 29,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 25,200 23,500
Hire purchase contracts 4,605 8,500
Trade creditors 30,358 -
Taxation and social security 112,560 4,244
Other creditors 340,902 509,519
513,625 545,763

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 284,722 288,502
Hire purchase contracts - 4,605
284,722 293,107

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 183,922 174,252

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 309,922 312,002

The bank loan is secured by a legal mortgage over the company's freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
205,000 Ordinary Shares £1 205,000 205,000

HARDWICK VENTURES LIMITED (REGISTERED NUMBER: 06574425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. RESERVES
Revaluation
reserve
£   
Revaluation in the year 622,699
Deferred tax on revaluation (126,202 )

At 30 April 2024 496,497