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REGISTERED NUMBER: 12613296 (England and Wales)















Hornegarth Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Hornegarth Ltd (Registered number: 12613296)






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 4


Hornegarth Ltd

Company Information
for the Year Ended 31 December 2023







Director: Timothy K Ogunleye





Registered office: 23 Marsham Way
Gerrards Cross
South Bucks
SL9 8AB





Registered number: 12613296 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Hornegarth Ltd (Registered number: 12613296)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,037,411 1,055,037

Current assets
Stocks 350 350
Debtors 5 127,898 83,784
Cash at bank and in hand 640,619 355,188
768,867 439,322
Creditors
Amounts falling due within one year 6 235,876 155,502
Net current assets 532,991 283,820
Total assets less current liabilities 1,570,402 1,338,857

Creditors
Amounts falling due after more than
one year

7

(1,392,728

)

(1,450,455

)

Provisions for liabilities 8 (13,746 ) -
Net assets/(liabilities) 163,928 (111,598 )

Capital and reserves
Called up share capital 9 1 1
Retained earnings 163,927 (111,599 )
Shareholders' funds 163,928 (111,598 )

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 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.

Hornegarth Ltd (Registered number: 12613296)

Statement of Financial Position - continued
31 December 2023


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 31 July 2024 and were signed by:





Timothy K Ogunleye - Director


Hornegarth Ltd (Registered number: 12613296)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Hornegarth Ltd 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.

Turnover
Turnover is measured at the fair value of residential retirement nursing home fees receivable by the company during the year.

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

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Hornegarth Ltd (Registered number: 12613296)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
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.

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 profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 56 (2022 - 46 ) .

4. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 994,072 103,385 1,097,457
Depreciation
At 1 January 2023 7,764 34,656 42,420
Charge for year 3,881 13,745 17,626
At 31 December 2023 11,645 48,401 60,046
Net book value
At 31 December 2023 982,427 54,984 1,037,411
At 31 December 2022 986,308 68,729 1,055,037

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 122,878 78,992
Other debtors 5,020 4,792
127,898 83,784

Hornegarth Ltd (Registered number: 12613296)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 30,723 35,804
Taxation and social security 61,833 32,491
Other creditors 143,320 87,207
235,876 155,502

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 1,392,728 1,450,455

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 13,746 -

Deferred
tax
£   
Provided during year 13,746
Balance at 31 December 2023 13,746

9. Called up share capital

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