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REGISTERED NUMBER: 00479205 (England and Wales)
















Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

R.D. Haylock & Son Limited

R.D. Haylock & Son Limited (Registered number: 00479205)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R.D. Haylock & Son Limited

Company Information
for the Period 1 October 2022 to 31 March 2024







DIRECTORS: Miss S Haylock
Mrs L Saxel





SECRETARY: Mrs A Haylock





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





BUSINESS ADDRESS: Hill Farm
Hill Road
Saffron Walden
Essex
CB10 2PH





REGISTERED NUMBER: 00479205 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

R.D. Haylock & Son Limited (Registered number: 00479205)

Abridged Balance Sheet
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 340,726 387,809
Investments 5 654,813 554,798
Investment property 6 1,467,500 1,467,500
2,463,039 2,410,107

CURRENT ASSETS
Stocks 5,450 9,200
Debtors 37,425 229
Cash at bank 20,610 64,545
63,485 73,974
CREDITORS
Amounts falling due within one year 56,315 61,902
NET CURRENT ASSETS 7,170 12,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,470,209

2,422,179

PROVISIONS FOR LIABILITIES 279,878 219,279
NET ASSETS 2,190,331 2,202,900

CAPITAL AND RESERVES
Called up share 7 20,000 20,000
Non-distributable reserves 1,170,268 1,224,791
Retained earnings 1,000,063 958,109
SHAREHOLDERS' FUNDS 2,190,331 2,202,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

R.D. Haylock & Son Limited (Registered number: 00479205)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 September 2024 and were signed on its behalf by:




Miss S Haylock - Director



Mrs L Saxel - Director


R.D. Haylock & Son Limited (Registered number: 00479205)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

R.D. Haylock & Son 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Nil
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

R.D. Haylock & Son Limited (Registered number: 00479205)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 1,302,044
Additions 11,868
Disposals (113,486 )
At 31 March 2024 1,200,426
DEPRECIATION
At 1 October 2022 914,235
Charge for period 56,262
Eliminated on disposal (110,797 )
At 31 March 2024 859,700
NET BOOK VALUE
At 31 March 2024 340,726
At 30 September 2022 387,809

R.D. Haylock & Son Limited (Registered number: 00479205)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2022 554,798
Additions 100,015
At 31 March 2024 654,813
NET BOOK VALUE
At 31 March 2024 654,813
At 30 September 2022 554,798

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 31 March 2024 1,467,500
NET BOOK VALUE
At 31 March 2024 1,467,500
At 30 September 2022 1,467,500

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 1,200,000
Valuation in 2022 267,500
1,467,500

7. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 30.9.22
value: £    £   
20,000 Ordinary 1 20,000 20,000