Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1No description of principal activity2023-04-01false2truetrue 09429772 2023-04-01 2024-03-31 09429772 2022-04-01 2023-03-31 09429772 2024-03-31 09429772 2023-03-31 09429772 c:Director1 2023-04-01 2024-03-31 09429772 d:CurrentFinancialInstruments 2024-03-31 09429772 d:CurrentFinancialInstruments 2023-03-31 09429772 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09429772 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09429772 d:ShareCapital 2024-03-31 09429772 d:ShareCapital 2023-03-31 09429772 d:RetainedEarningsAccumulatedLosses 2024-03-31 09429772 d:RetainedEarningsAccumulatedLosses 2023-03-31 09429772 c:FRS102 2023-04-01 2024-03-31 09429772 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09429772 c:FullAccounts 2023-04-01 2024-03-31 09429772 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09429772













HAYSFORD PROPERTIES LIMITED



 
UNAUDITED
 
DIRECTOR'S REPORT & FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 MARCH 2024

 
HAYSFORD PROPERTIES LIMITED
REGISTERED NUMBER:09429772

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
3,224,810
3,224,810

  
3,224,810
3,224,810

Current assets
  

Debtors: amounts falling due within one year
 5 
6,240
6,240

Cash at bank and in hand
  
42,358
5,415

  
48,598
11,655

Creditors: amounts falling due within one year
 6 
(20,359)
(20,105)

Net current assets/(liabilities)
  
 
 
28,239
 
 
(8,450)

Total assets less current liabilities
  
3,253,049
3,216,360

  

Net assets
  
3,253,049
3,216,360


Capital and reserves
  

Called up share capital 
  
3,214,200
3,214,200

Profit and Loss Account
  
38,849
2,160

  
3,253,049
3,216,360


Page 1

 
HAYSFORD PROPERTIES LIMITED
REGISTERED NUMBER:09429772
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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.

The Company has opted not to file the profit and loss account 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 by: 




................................................
Mrs S M Stevenson
Director

Date: 1 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HAYSFORD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Haysford Properties Limited is a private company, limited by shares, incorporated in England and Wales, registration number 09429772. The registered office is 11 Merus Court, Meridian Business Park, Leicester, LE19 1RJ. 
Principal activity
The principal activity of the Company throughout the year was that of a management company. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentational currency is British Pound Sterling (£).
The Company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HAYSFORD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in the Profit and Loss Account 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 Balance Sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the
Page 4

 
HAYSFORD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
3,224,810



At 31 March 2024
3,224,810





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
6,240
6,240

6,240
6,240


Page 5

 
HAYSFORD PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
10,610
10,610

Corporation tax
7,165
7,001

Other creditors
578
578

Accruals and deferred income
2,006
1,916

20,359
20,105


 
Page 6