Silverfin false false 31/12/2023 01/01/2023 31/12/2023 G N Hautot 13/04/2015 P G Hautot 01/06/2018 17 September 2024 The principal activity of the company during the financial year was development by the construction of residential and non-residential buildings. 09539951 2023-12-31 09539951 bus:Director1 2023-12-31 09539951 bus:Director2 2023-12-31 09539951 2022-12-31 09539951 core:CurrentFinancialInstruments 2023-12-31 09539951 core:CurrentFinancialInstruments 2022-12-31 09539951 core:ShareCapital 2023-12-31 09539951 core:ShareCapital 2022-12-31 09539951 core:RetainedEarningsAccumulatedLosses 2023-12-31 09539951 core:RetainedEarningsAccumulatedLosses 2022-12-31 09539951 bus:OrdinaryShareClass1 2023-12-31 09539951 2023-01-01 2023-12-31 09539951 bus:FilletedAccounts 2023-01-01 2023-12-31 09539951 bus:SmallEntities 2023-01-01 2023-12-31 09539951 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09539951 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09539951 bus:Director1 2023-01-01 2023-12-31 09539951 bus:Director2 2023-01-01 2023-12-31 09539951 2022-01-01 2022-12-31 09539951 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09539951 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09539951 (England and Wales)

HAUTOT DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

HAUTOT DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

HAUTOT DEVELOPMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
HAUTOT DEVELOPMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS G N Hautot
P G Hautot
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
BUSINESS ADDRESS Hillcrest
Higher Trencreek
Newquay
TR8 4NN
COMPANY NUMBER 09539951 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
HAUTOT DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 December 2023
HAUTOT DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Current assets
Stocks 3 6,645,473 6,565,701
Cash at bank and in hand 1,792 40,994
6,647,265 6,606,695
Creditors: amounts falling due within one year 4 ( 467,592) ( 425,415)
Net current assets 6,179,673 6,181,280
Total assets less current liabilities 6,179,673 6,181,280
Net assets 6,179,673 6,181,280
Capital and reserves
Called-up share capital 5 6,250,001 6,250,001
Profit and loss account ( 70,328 ) ( 68,721 )
Total shareholder's funds 6,179,673 6,181,280

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hautot Developments Limited (registered number: 09539951) were approved and authorised for issue by the Board of Directors on 17 September 2024. They were signed on its behalf by:

G N Hautot
Director
HAUTOT DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
HAUTOT DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hautot Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Hillcrest, Higher Trencreek, Newquay, TR8 4NN.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Creditors includes a loan of £414,592 from the group company, Hautot Limited. The company is reliant on the ongoing support of Hautot Limited and the directors have confirmed that this support will remain in place for the foreseeable future.

Taxation

Current tax
Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Stocks

2023 2022
£ £
Work in progress 6,645,473 6,565,701

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 51,550 51,550
Accruals 1,450 1,401
Other creditors 414,592 372,464
467,592 425,415

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
6,250,001 Ordinary shares of £ 1.00 each 6,250,001 6,250,001

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Director loan account - amount owed to directors (51,550) (51,550)

The above loan is interest free.

Other related party transactions

2023 2022
£ £
Hautot Limited - amount owed to fellow group company (414,592) (372,464)

The above loan is interest free.