Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3022023-05-01falseThe principal activities of the company continued to be property management and investment.2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01716121 2023-05-01 2024-04-30 01716121 2022-05-01 2023-04-30 01716121 2024-04-30 01716121 2023-04-30 01716121 2022-05-01 01716121 c:Director1 2023-05-01 2024-04-30 01716121 c:Director3 2023-05-01 2024-04-30 01716121 d:FurnitureFittings 2023-05-01 2024-04-30 01716121 d:FurnitureFittings 2024-04-30 01716121 d:FurnitureFittings 2023-04-30 01716121 d:FreeholdInvestmentProperty 2024-04-30 01716121 d:FreeholdInvestmentProperty 2023-04-30 01716121 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 01716121 d:CurrentFinancialInstruments 2024-04-30 01716121 d:CurrentFinancialInstruments 2023-04-30 01716121 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01716121 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01716121 d:ShareCapital 2024-04-30 01716121 d:ShareCapital 2023-04-30 01716121 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 01716121 d:RetainedEarningsAccumulatedLosses 2024-04-30 01716121 d:RetainedEarningsAccumulatedLosses 2023-04-30 01716121 c:OrdinaryShareClass1 2023-05-01 2024-04-30 01716121 c:OrdinaryShareClass1 2024-04-30 01716121 c:FRS102 2023-05-01 2024-04-30 01716121 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01716121 c:FullAccounts 2023-05-01 2024-04-30 01716121 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01716121 d:OtherDeferredTax 2024-04-30 01716121 d:OtherDeferredTax 2023-04-30 01716121 6 2023-05-01 2024-04-30 01716121 f:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01716121














HAYWARDS ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
HAYWARDS ESTATES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
HAYWARDS ESTATES LIMITED
REGISTERED NUMBER:01716121

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
-

Investments
 5 
2,689
2,689

Investment property
 6 
2,585,000
2,800,000

  
2,587,689
2,802,689

Current assets
  

Debtors: amounts falling due within one year
 7 
7,458
-

Cash at bank and in hand
  
110,571
48,482

  
118,029
48,482

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(799,778)
(847,917)

Net current liabilities
  
 
 
(681,749)
 
 
(799,435)

Total assets less current liabilities
  
1,905,940
2,003,254

Provisions for liabilities
  

Deferred tax
 9 
-
(34,131)

Net assets
  
1,905,940
1,969,123


Capital and reserves
  

Called up share capital 
 10 
50
50

Profit and loss account
 11 
1,905,890
1,969,073

  
1,905,940
1,969,123


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

Page 1

 
HAYWARDS ESTATES LIMITED
REGISTERED NUMBER:01716121
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2024.


Mrs H L I di Monaco
Mrs C E I Wrey
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HAYWARDS ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company's legal form is that of a private limited liability company incorporated in England & Wales. The company's registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD. 
The principal activities of the company continued to be property management and investment. 
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents amounts receivable from rental income and property management net of VAT. 
Revenue is recognised as earned when,and to the extent that, the company obtains the right to consideration in exchange for its performance.

 
2.3

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income. 

Page 3

 
HAYWARDS ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in unlisted company shares whose market value cannot be reliably determined are stated at historic cost less impairment.

 
2.6

Debtors

Short term debtors are measured at the transaction price.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty. 

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The directors were the only employees of the Company during the current and preceding year. 

Page 4

 
HAYWARDS ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 May 2023
1,000



At 30 April 2024

1,000



Depreciation


At 1 May 2023
1,000



At 30 April 2024

1,000



Net book value



At 30 April 2024
-



At 30 April 2023
-


5.


Fixed asset investments





Other fixed asset investments

£



Cost 


At 1 May 2023
2,689



At 30 April 2024
2,689




Page 5

 
HAYWARDS ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
2,800,000


Deficit on revaluation
(215,000)



At 30 April 2024
2,585,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

The original cost of the freehold investment property was £2,328,652 (2023 - £2,328,652).





7.


Debtors

2024
2023
£
£


Trade debtors
7,458
-



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Taxation and social security
45,884
38,362

Other creditors
724,286
779,947

Accruals and deferred income
29,608
29,608

799,778
847,917


Page 6

 
HAYWARDS ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
34,131
34,131


Released to profit or loss
(34,131)
-



At end of year
-
(34,131)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fair value adjustments
-
34,131


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 Ordinary shares of £1 each
50
50



11.


Reserves

Profit and loss account

Included in profit and loss reserves are non-distributable fair value adjustments amounting to £256,348 (2023 - £437,218).

 
Page 7