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REGISTERED NUMBER: 01291276 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HARTWOOD ESTATES LIMITED

HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARTWOOD ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A F Finlay
S A Finlay-Marsh





SECRETARY: J M Finlay





REGISTERED OFFICE: Matlock Farm Park
Jaggers Lane
Matlock
Derbyshire
DE4 5LH





REGISTERED NUMBER: 01291276 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,793 53,644
Investments 5 100 100
Investment property 6 1,139,998 1,139,998
1,245,891 1,193,742

CURRENT ASSETS
Stocks 3,474,231 3,380,264
Debtors 7 1,032,116 886,380
Cash at bank and in hand 3,745 4,644
4,510,092 4,271,288
CREDITORS
Amounts falling due within one year 8 489,119 478,694
NET CURRENT ASSETS 4,020,973 3,792,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,266,864

4,986,336

CREDITORS
Amounts falling due after more than one
year

9

(1,426,725

)

(1,208,243

)

PROVISIONS FOR LIABILITIES (83,157 ) (58,698 )
NET ASSETS 3,756,982 3,719,395

CAPITAL AND RESERVES
Called up share capital 120,667 120,667
Non distributable reserves 11 319,772 319,772
Retained earnings 3,316,543 3,278,956
SHAREHOLDERS' FUNDS 3,756,982 3,719,395

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.

HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A F Finlay - Director


HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hartwood Estates 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.

Preparation of consolidated financial statements
The financial statements contain information about Hartwood Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Tangible assets are categorised as investment property where the intention of holding the property is to earn rentals or capital appreciation. Acquisitions made for the purpose of development and resale are categorised as work in progress.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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 balance sheet date.


HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)

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 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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 212,065
Additions 63,976
At 31 December 2023 276,041
DEPRECIATION
At 1 January 2023 158,421
Charge for year 11,827
At 31 December 2023 170,248
NET BOOK VALUE
At 31 December 2023 105,793
At 31 December 2022 53,644

HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,139,998
NET BOOK VALUE
At 31 December 2023 1,139,998
At 31 December 2022 1,139,998

The investment properties stand at a fair value of £1,139,998 (2022 : £1,139,998). The cost was £720,609 (2022 : £720,609).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,383 143,564
Amounts owed by group undertakings 444,278 483,601
Other debtors 513,455 259,215
1,032,116 886,380

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 258,078 221,950
Hire purchase contracts 2,949 -
Trade creditors 40,401 90,948
Tax 7,712 15,376
Social security and other taxes 2,387 7,130
VAT 2,263 6,180
Other creditors 47,304 47,237
Directors' loan accounts 18,000 -
Accruals and deferred income 110,025 89,873
489,119 478,694

HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans falling due between two to five
years

1,377,139

1,208,243
Hire purchase contracts 49,586 -
1,426,725 1,208,243

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 128,971 103,172
Bank loans 1,506,246 1,327,021
1,635,217 1,430,193

11. RESERVES
Non
distributable
reserves
£   
At 1 January 2023
and 31 December 2023 319,772

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A F Finlay
Balance outstanding at start of year 3,549 7,867
Amounts advanced 2,000 3,549
Amounts repaid (3,549 ) (7,867 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,000 3,549

S A Finlay-Marsh
Balance outstanding at start of year - 279,939
Amounts advanced 6,000 920,061
Amounts repaid (24,000 ) (1,200,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,000 ) -

HARTWOOD ESTATES LIMITED (REGISTERED NUMBER: 01291276)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J A Finlay
Balance outstanding at start of year - 521
Amounts repaid - (521 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J M Finlay
Balance outstanding at start of year - 6,816
Amounts repaid - (6,816 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The directors' loans are repayable under no specific terms. Interest is not charged on these balances.

13. RELATED PARTY DISCLOSURES

At the year end an amount of £45,000 (2022 : £45,000) was due to a settlement in which the directors have an interest.The loan is interest free and repayable under no specific terms.