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REGISTERED NUMBER: 12477667 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Hazel Tree Property Ltd

Hazel Tree Property Ltd (Registered number: 12477667)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Hazel Tree Property Ltd (Registered number: 12477667)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 654,003 480,394

CURRENT ASSETS
Debtors 5 947 851
Cash at bank 80,981 117,353
81,928 118,204
CREDITORS
Amounts falling due within one year 6 250,912 250,784
NET CURRENT LIABILITIES (168,984 ) (132,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,019

347,814

CREDITORS
Amounts falling due after more than
one year

7

(382,500

)

(279,500

)

PROVISIONS FOR LIABILITIES (12,967 ) (6,884 )
NET ASSETS 89,552 61,430

Hazel Tree Property Ltd (Registered number: 12477667)

Statement of Financial Position - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 55,282 29,347
Retained earnings 34,170 31,983
SHAREHOLDERS' FUNDS 89,552 61,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





Mr Nicholas Vivian Sinfield - Director


Hazel Tree Property Ltd (Registered number: 12477667)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Hazel Tree Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12477667

Registered office: 70 Village Road
Bromham
Bedford
United Kingdom
MK43 8LJ

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 represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Hazel Tree Property Ltd (Registered number: 12477667)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 480,394
Additions 141,590
Revaluations 32,019
At 29 February 2024 654,003
NET BOOK VALUE
At 29 February 2024 654,003
At 28 February 2023 480,394

Investment property situated at 20 Grosvenor Street, Bedford, MK42 0PL is under a charge from The Mortgage Works (UK) PLC. The charge was created on 01st February 2023.

Investment property situated at 10 Saxelbye Avenue, Derby, DE1 2UH is under a charge from The Mortgage Works (UK) PLC. The charge was created on 17th February 2023.

Investment property situated at Apartment 130, Strutt House, 1 Erasmus Drive, Derby DE1 2DY is under a charge from The Mortgage Works (UK) PLC. The charge was created on 20th April 2023.

Hazel Tree Property Ltd (Registered number: 12477667)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 29,396
Valuation in 2022 6,835
Valuation in 2023 32,019
Cost 585,753
654,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 947 851

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 513 1,523
Other creditors 250,399 249,261
250,912 250,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 382,500 279,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 382,500 279,500

Hazel Tree Property Ltd (Registered number: 12477667)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 382,500 279,500

The loan amounting to £167,000 is secured by the way of charge on the property situated at 20 Grosvenor Street, Bedford, MK42 0PL (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 01st February 2023.

The loan amounting to £112,500 is secured by the way of charge on the property situated at 10 Saxelbye Avenue, Derby, DE1 2UH (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 17th February 2023.

The loan amounting to £103,000 is secured by the way of charge on the property situated at Apartment 130, Strutt House, 1 Erasmus Drive, Derby DE1 2DY (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 20th April 2023.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 March 2023 29,347
Transfer to/from reserves 25,935

At 29 February 2024 55,282

11. RELATED PARTY DISCLOSURES

The company owes £244,758 (2023: £244,446) to its director, Mr Nicholas Vivian Sinfield who is also a sole shareholder of the company as at the accounting year end date.