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REGISTERED NUMBER: 10508264 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hemingford Investments Limited

Hemingford Investments Limited (Registered number: 10508264)






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


Hemingford Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs J L Brown





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 10508264 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Hemingford Investments Limited (Registered number: 10508264)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,000 6,000

CREDITORS
Amounts falling due within one year 5 5,269 5,129
NET CURRENT LIABILITIES (5,269 ) (5,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,731

871

PROVISIONS FOR LIABILITIES 6 1,600 -
NET ASSETS 8,131 871

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 7,432 32
Retained earnings 599 739
8,131 871

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.

Hemingford Investments Limited (Registered number: 10508264)

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 6 September 2024 and were signed on its behalf by:





Mrs J L Brown - Director


Hemingford Investments Limited (Registered number: 10508264)

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

1. STATUTORY INFORMATION

Hemingford Investments Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is 6 High Street, Wheathampstead Herts AL4 8AA

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue represents fair value of income receivable excluding Value Added Tax having regard to the fulfilment of contractual obligations.

Fixed assets and depreciation
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% straight line.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hemingford Investments Limited (Registered number: 10508264)

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

2. ACCOUNTING POLICIES - continued

Investment properties
No depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to have depreciated. Such properties ae held for investment and not for consumption and the Director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The Director considers that this policy results in the accounts giving a true and fair view.

Leases
Rental costs under operating leases are charged to Profit and Loss Account as incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 January 2023 6,000
Revaluations 9,000
At 31 December 2023 15,000
NET BOOK VALUE
At 31 December 2023 15,000
At 31 December 2022 6,000

The freehold land was revalued as at 31st December 2023 by the Director on an Open Market basis. The historical cost of the freehold land was £5,968 (2022 : £5,968)

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Owed to the Directors 5,029 4,337
Accruals and deferred income 240 792
5,269 5,129

6. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,600 -

Hemingford Investments Limited (Registered number: 10508264)

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

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 1,600
Balance at 31 December 2023 1,600

Deferred tax is the Corporation Tax that would arise on the capital gain made on the disposal of the investment property if it were sold at the Directors valuation on the Balance Sheet date.

The rate used for deferred tax is 19%.

7. RESERVES
Revaluation
reserve
£   
At 1 January 2023 32
Revaluation Reserve 7,400

At 31 December 2023 7,432

8. RELATED PARTY DISCLOSURES

The loan position is as follows:

Owed to Director Mrs J L Brown £5,029 (2022 : £4,337).

The above loan is interest-free and repayable on demand.