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REGISTERED NUMBER: 03393323 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HAWTHORN VENTURES LIMITED

HAWTHORN VENTURES LIMITED (REGISTERED NUMBER: 03393323)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAWTHORN VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: O W Makings
S R Makings





REGISTERED OFFICE: 30 Station Road
Melbourn
Royston
England
SG8 6DX





REGISTERED NUMBER: 03393323 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

HAWTHORN VENTURES LIMITED (REGISTERED NUMBER: 03393323)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 30,977 37,887
Investment property 6 1,889,884 1,750,000
1,920,861 1,787,887

CURRENT ASSETS
Cash at bank 7,886 19,216

CREDITORS
Amounts falling due within one year 7 (334,068 ) (264,284 )
NET CURRENT LIABILITIES (326,182 ) (245,068 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,594,679 1,542,819

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(10,000

)

PROVISIONS FOR LIABILITIES 10 (484,764 ) (214,087 )
NET ASSETS 1,099,915 1,318,732

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Retained earnings 999,915 1,218,732
SHAREHOLDERS' FUNDS 1,099,915 1,318,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

HAWTHORN VENTURES LIMITED (REGISTERED NUMBER: 03393323)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





S R Makings - Director


HAWTHORN VENTURES LIMITED (REGISTERED NUMBER: 03393323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Hawthorn Ventures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15%, 25% on reducing balance and 10% on cost

Investment property
Investment property is held at market value.

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


HAWTHORN VENTURES LIMITED (REGISTERED NUMBER: 03393323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 113,133
DEPRECIATION
At 1 December 2022 75,246
Charge for year 6,910
At 30 November 2023 82,156
NET BOOK VALUE
At 30 November 2023 30,977
At 30 November 2022 37,887

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,750,000
Additions 139,884
At 30 November 2023 1,889,884
NET BOOK VALUE
At 30 November 2023 1,889,884
At 30 November 2022 1,750,000

HAWTHORN VENTURES LIMITED (REGISTERED NUMBER: 03393323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 197,859 247,615
Amounts owed to group undertakings 117,000 -
Taxation and social security 18,040 15,783
Other creditors 1,169 886
334,068 264,284

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 10,000 10,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 197,859 -

The mortgage secured by way of a fixed charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 484,764 214,087

Deferred
tax
£   
Balance at 1 December 2022 214,087
Provided during year 270,677
Balance at 30 November 2023 484,764

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary Shares £1 100,000 100,000