REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
HDD Banbury Limited |
Previously known as |
HDD Beechdale Retail Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
HDD Banbury Limited |
Previously known as |
HDD Beechdale Retail Limited |
HDD Banbury Limited (Registered number: 11835363) |
previously known as HDD Beechdale Retail 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 | 3 |
HDD Banbury Limited |
previously known as HDD Beechdale Retail 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 Banbury Limited (Registered number: 11835363) |
previously known as HDD Beechdale Retail Limited |
Statement of Financial Position |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
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. |
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 Banbury Limited (Registered number: 11835363) |
previously known as HDD Beechdale Retail Limited |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
HDD Banbury Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about HDD Banbury Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Henry Davidson Developments (Holdings) Limited, Pavilion House, Bridgford Road, West Bridgford, Nottingham, NG2 6AB. |
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. |
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. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 1,198,000 | - |
Other creditors |
HDD Banbury Limited (Registered number: 11835363) |
previously known as HDD Beechdale Retail Limited |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
6. | ULTIMATE CONTROLLING PARTY |
The controlling party is S I Davidson. |
This company is wholly owned by HDD Lichfield St Johns Limited, which is ultimately 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. |