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COMPANY REGISTRATION NUMBER: 08131770
HAYDEN DANIEL (COMMERCIAL) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 January 2024
HAYDEN DANIEL (COMMERCIAL) LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
3,258,823
3,033,811
CURRENT ASSETS
Debtors
6
390
Investments
7
443,337
300,000
Cash at bank and in hand
25,003
19,092
---------
---------
468,730
319,092
CREDITORS: amounts falling due within one year
8
( 896,645)
( 915,432)
---------
---------
NET CURRENT LIABILITIES
( 427,915)
( 596,340)
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,830,908
2,437,471
CREDITORS: amounts falling due after more than one year
9
( 1,535,904)
( 1,240,328)
PROVISIONS
( 156,713)
( 156,713)
------------
------------
NET ASSETS
1,138,291
1,040,430
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
1,138,191
1,040,330
------------
------------
SHAREHOLDERS FUNDS
1,138,291
1,040,430
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HAYDEN DANIEL (COMMERCIAL) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
M N Glynn
Director
Company registration number: 08131770
HAYDEN DANIEL (COMMERCIAL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Allerton Hill, Chapel Allerton, Leeds, West Yorkshire, LS7 3QB, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Financial instruments
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 entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. TANGIBLE ASSETS
Investment Properties
Fixtures and fittings
Total
£
£
£
Cost
At 1 February 2023
3,032,640
6,937
3,039,577
Additions
225,246
225,246
------------
-------
------------
At 31 January 2024
3,257,886
6,937
3,264,823
------------
-------
------------
Depreciation
At 1 February 2023
5,766
5,766
Charge for the year
234
234
------------
-------
------------
At 31 January 2024
6,000
6,000
------------
-------
------------
Carrying amount
At 31 January 2024
3,257,886
937
3,258,823
------------
-------
------------
At 31 January 2023
3,032,640
1,171
3,033,811
------------
-------
------------
The investment properties have been valued on an open market basis by the director as at 31 January 2024.
6. DEBTORS
2024
2023
£
£
Trade debtors
390
----
----
7. INVESTMENTS
2024
2023
£
£
Other investments
443,337
300,000
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
375,784
380,028
Trade creditors
4,896
7,872
Social security and other taxes
485
Other creditors
180,863
183,267
Amounts due to related companies
331,797
341,265
Other creditors
2,820
3,000
---------
---------
896,645
915,432
---------
---------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,535,904
1,240,328
------------
------------