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REGISTERED NUMBER: 11176350 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

HAYNE CAPITAL LIMITED

HAYNE CAPITAL LIMITED (REGISTERED NUMBER: 11176350)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAYNE CAPITAL LIMITED

Company Information
for the year ended 31 January 2024







Director: I Shaffique





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 11176350 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

HAYNE CAPITAL LIMITED (REGISTERED NUMBER: 11176350)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 29 53
Investments 5 100 100
Investment property 6 252,029 252,029
252,158 252,182

Current assets
Debtors 7 1,269 1,269
Cash at bank 47,512 46,338
48,781 47,607
Creditors
Amounts falling due within one year 8 16,340 17,408
Net current assets 32,441 30,199
Total assets less current liabilities 284,599 282,381

Capital and reserves
Called up share capital 9 200 200
Retained earnings 284,399 282,181
Shareholders' funds 284,599 282,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





I Shaffique - Director


HAYNE CAPITAL LIMITED (REGISTERED NUMBER: 11176350)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Hayne Capital 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. 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the provision of services is recognised in the same period within which the services are performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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

HAYNE CAPITAL LIMITED (REGISTERED NUMBER: 11176350)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 February 2023
and 31 January 2024 2,293
Depreciation
At 1 February 2023 2,240
Charge for year 24
At 31 January 2024 2,264
Net book value
At 31 January 2024 29
At 31 January 2023 53

HAYNE CAPITAL LIMITED (REGISTERED NUMBER: 11176350)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


5. Fixed asset investments
Other
investments
£   
Cost
At 1 February 2023
and 31 January 2024 100
Net book value
At 31 January 2024 100
At 31 January 2023 100

6. Investment property
Total
£   
Fair value
At 1 February 2023
and 31 January 2024 252,029
Net book value
At 31 January 2024 252,029
At 31 January 2023 252,029

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 1,269 1,269

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 760 1,136
Other creditors 15,580 16,272
16,340 17,408

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary shares 1 200 200

HAYNE CAPITAL LIMITED (REGISTERED NUMBER: 11176350)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
I Shaffique
Balance outstanding at start of year (3,963 ) (4,131 )
Amounts advanced 4,683 4,131
Amounts repaid (2,032 ) (3,963 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,312 ) (3,963 )