REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
HDD Lichfield St Johns Ltd |
Previously known as |
HDD Faversham Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
HDD Lichfield St Johns Ltd |
Previously known as |
HDD Faversham Limited |
HDD Lichfield St Johns Ltd (Registered number: 10985754) |
previously known as HDD Faversham Limited |
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 |
HDD Lichfield St Johns Ltd |
previously known as HDD Faversham Limited |
Company Information |
for the year ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
23 Rectory Road |
West Bridgford |
Nottingham |
Nottinghamshire |
NG2 6BE |
HDD Lichfield St Johns Ltd (Registered number: 10985754) |
previously known as HDD Faversham Limited |
Statement of Financial Position |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
HDD Lichfield St Johns Ltd (Registered number: 10985754) |
previously known as HDD Faversham Limited |
Statement of Financial Position - continued |
31 December 2023 |
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 Board of Directors and authorised for issue on |
HDD Lichfield St Johns Ltd (Registered number: 10985754) |
previously known as HDD Faversham Limited |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
HDD Lichfield St Johns Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
HDD Lichfield St Johns Ltd (Registered number: 10985754) |
previously known as HDD Faversham Limited |
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 |
Amounts owed to group undertakings |
Amounts owed to participating interests | 290,000 | - |
Other creditors |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is S I Davidson. |
This company is wholly owned by HDD Group Limited, which is owned by Henry Davidson Developments (Holdings) Limited. |
In January 2023 HDD Cranbrook Limited (a member of a group headed by Euro Property Investments Limited (EPIL)), acquired a 50% interest in the equity in the holding company in return for writing off a debt owed to them. EPIL has worked with Henry Davidson Developments (Holdings) Limited over a number of years and together they have already delivered and have a pipeline of successful development schemes. |
Mr S Davidson still has 50% of the shares in the holding company and the casting vote in board meetings. Hence he is considered to be the ultimate controlling party. |