2023-04-01 02026636 2024-03-31 02026636 2023-04-01 2024-03-31 02026636 2023-03-31 02026636 2022-04-01 2023-03-31 02026636 uk-core:WithinOneYear 2023-03-31 02026636 uk-core:WithinOneYear 2024-03-31 02026636 uk-core:ShareCapital 2024-03-31 02026636 uk-core:ShareCapital 2023-03-31 02026636 uk-core:RevaluationReserve 2024-03-31 02026636 uk-core:RevaluationReserve 2023-03-31 02026636 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 02026636 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 02026636 uk-bus:Director1 2023-04-01 2024-03-31 02026636 uk-core:PlantMachinery 2023-04-01 2024-03-31 02026636 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 02026636 uk-core:AfterOneYear 2024-03-31 02026636 uk-core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure 02026636 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02026636 uk-bus:FRS102 2023-04-01 2024-03-31 02026636 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 02026636 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Herriard Developments Limited
Registered Number:02026636
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
02026636
As at 31 March 2024
Herriard Developments Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,050,600
1,050,600
1,050,600
1,050,600
Current assets
Trade and other receivables
5,366
252,236
2
234,744
Cash and cash equivalents
17,432
269,668
240,110
Trade and other payables: amounts falling due within one
year
(21,193)
(16,525)
3
218,917
253,143
Net current assets
Total assets less current liabilities
1,303,743
1,269,517
(9,490)
(9,490)
Provisions for liabilities
1,294,253
Net assets
1,260,027
Capital and reserves
Called up share capital
2
2
Revaluation reserve
323,295
323,295
4
Retained earnings
970,956
936,730
1,294,253
1,260,027
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
I T Closier Director
These financial statements were approved and authorised for issue by the Board on 07 November 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
Herriard Developments Limited
Notes to the Financial Statements
Statutory Information
Herriard Developments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02026636.
Principal place of business:
Manor House Farm
Ibberton
Blandford Forum
Dorset
DT11 0EN
Registered address:
27 City Business Centre
Hyde Street
Winchester
Hampshire
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Straight line
25 Straight line
Motor vehicles
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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.
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4
For the year ended 31 March 2024
Herriard Developments Limited
Notes to the Financial Statements Continued
2. Trade and other receivables
2023
2024
£
£
Trade debtors
2,236
5,366
Other debtors
250,000
-
5,366
252,236
The debtors above include the following amounts falling due after more than one year:
Other debtors
250,000
-
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
13,208
3,862
Other creditors
3,317
17,331
16,525
21,193
4. Reserves
Total
£
Revaluation reserve at 01 April 2023
323,295
323,295
Revaluation reserve at 31 March 2024
5. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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