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REGISTERED NUMBER: 07231027 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HEMINGFORD PARK LIMITED

HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

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


HEMINGFORD PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P B Kaziewicz
R Kaziewicz





REGISTERED OFFICE: 4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 07231027 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 3,114
Investments 6 1,674,811 1,729,929
Investment property 7 1,580,000 1,800,000
3,254,811 3,533,043

CURRENT ASSETS
Debtors 8 - 1,808
Cash at bank 19,964 6,908
19,964 8,716
CREDITORS
Amounts falling due within one year 9 17,660 21,151
NET CURRENT ASSETS/(LIABILITIES) 2,304 (12,435 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,257,115 3,520,608

CREDITORS
Amounts falling due after more than one
year

10

(2,568,685

)

(2,748,503

)

PROVISIONS FOR LIABILITIES 12 (24,936 ) (31,369 )
NET ASSETS 663,494 740,736

CAPITAL AND RESERVES
Called up share capital 13 100 100
Revaluation reserve 14 122,365 122,365
Retained earnings 14 541,029 618,271
SHAREHOLDERS' FUNDS 663,494 740,736

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 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.

HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





P B Kaziewicz - Director


HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

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


1. STATUTORY INFORMATION

Hemingford Park 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs is being amortised evenly over its estimated useful life of five years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

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.

HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 1 May 2023
and 30 April 2024 14,940
AMORTISATION
At 1 May 2023
and 30 April 2024 14,940
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 33,572 115,129 1,084 149,785
DEPRECIATION
At 1 May 2023 32,902 112,685 1,084 146,671
Charge for year 670 2,444 - 3,114
At 30 April 2024 33,572 115,129 1,084 149,785
NET BOOK VALUE
At 30 April 2024 - - - -
At 30 April 2023 670 2,444 - 3,114

6. FIXED ASSET INVESTMENTS

The following investments were held by the company at the balance sheet date:

30.4.22 30.4.21
£    £   

Nun's Island Limited 1,632,693 1,690,551

7. INVESTMENT PROPERTY

In accordance with FRS 102 the investment property has been included in the balance sheet at fair value, this being cost but without charging depreciation.

HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

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


7. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 1,580,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loan- Leila Da Costa - 1,272
Tax - 536
- 1,808

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,906 7,906
Amounts owed to participating interests - 544
Corporation tax 7,913 11,165
Pension creditor - 116
Accruals and deferred income 1,841 1,420
17,660 21,151

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 789,460 924,391
Shareholders' loan accs >1yr 1,779,225 1,824,112
2,568,685 2,748,503

11. SECURED DEBTS

A legal charge dated 8 October 2020 is held by Hampden & Co PLC over all the company's present and future properties owned by you now or in the future. The legal charge contains a fixed charge and negative pledge.

A legal charge dated 16 September 2020 is held by Hampden & Co PLC over all the company's present and future freehold and leasehold property, together with all buildings, structures, fixtures and fitting. The legal charge contains a fixed charge, a floating charge and negative pledge.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,936 31,369

HEMINGFORD PARK LIMITED (REGISTERED NUMBER: 07231027)

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


12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 31,369
Provided during year (6,433 )
Balance at 30 April 2024 24,936

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

14. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 618,271 122,365 740,636
Deficit for the year (77,242 ) (77,242 )
At 30 April 2024 541,029 122,365 663,394

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a balance of £1,779,225 (2023: £1,824,112 ) owed to the shareholder and director Mr P Kaziewicz and Mrs R Kaziewicz split 50:50.

16. RELATED PARTY DISCLOSURES

As at the year end, the company owed £Nil (2023 - £543.64 to Hemingford Park Hospitality Limited. This loan is unsecured, interest free and repayable on demand. The balance is included within other creditors.

17. ULTIMATE CONTROLLING PARTY

The directors control the company in concert.