05814243falsefinancial advisors2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:SharePremium2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-12-31http://www.companieshouse.gov.uk/pt:SharePremium2023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass42023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass52023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05814243

Hearnden Associates Ltd

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Prepared By:
Unsworth's Accountancy Services Ltd
Chartered Certified
39 Stockwell Road
East Grinstead
West Sussex
RH19 4BD

Hearnden Associates Ltd

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS
Mrs C. Hearnden
Mr P. Hearnden
REGISTERED OFFICE
Mount Pleasant Road
Lingfield
Surrey
RH7 6BH
COMPANY DETAILS
Private company limited by shares registered in , registered number 05814243
ACCOUNTANTS
Unsworth's Accountancy Services Ltd
Chartered Certified
39 Stockwell Road
East Grinstead
West Sussex
RH19 4BD

Hearnden Associates Ltd

ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hearnden Associates Ltd

BALANCE SHEET AT 31 December 2023
20232022
Notes££
FIXED ASSETS
Tangible assets23,51813,705
CURRENT ASSETS
Debtors3152,265136,698
Cash at bank and in hand1,653,3671,595,867
1,805,6321,732,565
CREDITORS: Amounts falling due within one year4209,071182,164
NET CURRENT ASSETS1,596,5611,550,401
TOTAL ASSETS LESS CURRENT LIABILITIES1,600,0791,564,106
PROVISIONS FOR LIABILITIES AND CHARGES68372,565
NET ASSETS1,599,2421,561,541
CAPITAL AND RESERVES
Called up share capital7330330
Share premium account86,5006,500
Profit and loss account1,592,4121,554,711
SHAREHOLDERS' FUNDS1,599,2421,561,541
For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10 September 2024 and signed on their behalf by
.............................
Mrs C. Hearnden
Director

Hearnden Associates Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Fixtures and Fittings 25%
Equipment 33%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1e. Turnover
Turnover represents the invoiced value of services supplied by the company throughout the period.
1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Hearnden Associates Ltd

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 1 January 202316,8749,36518,94445,183
Additions-5383,2413,779
Disposals(13,800)-(16,221)(30,021)
At 31 December 20233,0749,9035,96418,941
Depreciation
At 1 January 20236,5247,58817,36631,478
Disposals(3,450)-(15,978)(19,428)
For the year-1,3851,9883,373
At 31 December 20233,0748,9733,37615,423
Net Book Amounts
At 31 December 2023-9302,5883,518
At 31 December 202210,3501,7771,57813,705
3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors40,72438,526
s.455 tax repayable2,8362,836
Staff loans61,51371,408
Amounts due from group companies2020
Prepayments9,80812,904
Accrued income2,5002,500
Directors current account32,1205,760
Directors current account2,7442,744
152,265136,698
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax175,263147,945
PAYE control161,916
Salaries and wages control64-
Trade creditors31,07329,411
Pension schemes1,7371,974
Accruals918918
209,071182,164

Hearnden Associates Ltd

5. EMPLOYEES
20232022
No.No.
Average number of employees1816
6. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation8372,565
8372,565
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary A shares of £1 each100100
100 Ordinary B shares of £1 each100100
100 Ordinary C shares of £1 each100100
10 Ordinary D shares of £1 each1010
20 Ordinary E shares of £1 each2020
330330
New shares issued during period:
20 Ordinary E shares of £1 each2020
8. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account6,5006,500
9. OTHER FINANCIAL COMMITMENTS
At 31 December 2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
Within one year-2,840

Hearnden Associates Ltd

10. CONTROLLING PARTY
There is no one controlling party as the two directors only own approximately on 50% of the share capital each via direct ownership or via their ownership of Path Property Ltd.
11. RELATED PARTY TRANSACTIONS
Included in other debtors is an amount due from the directors n respect of monies lent to them as follows: £34,864 (2022: £8,504). The loan were fully repaid in August 2024.
Included in other creditors are amounts due to the directors in respect of monies lent to the business and business expenses paid on behalf of the company and repaid in the year, as follows: £0 (2022: £0). The loans are repayable on demand.
12. COMPANY SHARE BUY BACK
During the year, the company paid the final instalment re a previous director's shares for the amount of £57,894 (2022: £57,894 was paid). This has been adjusted through the retained profit account.