IRIS Accounts Production v24.3.0.553 11564512 Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false false true false Fair value model A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115645122023-02-28115645122024-02-29115645122023-03-012024-02-29115645122022-02-28115645122022-03-012023-02-28115645122023-02-2811564512ns15:EnglandWales2023-03-012024-02-2911564512ns14:PoundSterling2023-03-012024-02-2911564512ns10:Director12023-03-012024-02-2911564512ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911564512ns10:SmallEntities2023-03-012024-02-2911564512ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911564512ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911564512ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911564512ns10:FullAccounts2023-03-012024-02-291156451212023-03-012024-02-2911564512ns10:OrdinaryShareClass12023-03-012024-02-2911564512ns10:OrdinaryShareClass22023-03-012024-02-2911564512ns10:Director22023-03-012024-02-2911564512ns10:RegisteredOffice2023-03-012024-02-2911564512ns5:CurrentFinancialInstruments2024-02-2911564512ns5:CurrentFinancialInstruments2023-02-2811564512ns5:Non-currentFinancialInstruments2024-02-2911564512ns5:Non-currentFinancialInstruments2023-02-2811564512ns5:ShareCapital2024-02-2911564512ns5:ShareCapital2023-02-2811564512ns5:RetainedEarningsAccumulatedLosses2024-02-2911564512ns5:RetainedEarningsAccumulatedLosses2023-02-2811564512ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911564512ns5:PlantMachinery2023-03-012024-02-2911564512ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-2811564512ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-02-2911564512ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-2811564512ns5:PlantMachinery2023-02-2811564512ns5:PlantMachinery2024-02-2911564512ns5:PlantMachinery2023-02-2811564512ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2911564512ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2811564512ns5:Secured2024-02-2911564512ns5:Secured2023-02-2811564512ns10:OrdinaryShareClass12024-02-2911564512ns10:OrdinaryShareClass22024-02-2911564512ns5:RetainedEarningsAccumulatedLosses2023-02-2811564512ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 11564512 (England and Wales)

















Henwar Developments Limited

Unaudited Financial Statements

for the Year Ended

29 February 2024






Henwar Developments Limited (Registered number: 11564512)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Henwar Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A P M Bird
A N Bird





REGISTERED OFFICE: 5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL





REGISTERED NUMBER: 11564512 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Henwar Developments Limited (Registered number: 11564512)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,512 12,512
Tangible assets 5 97,005 97,005
Investment property 6 767,261 767,261
876,778 876,778

CURRENT ASSETS
Debtors 7 129,324 129,324
Cash at bank 2,187 2,187
131,511 131,511
CREDITORS
Amounts falling due within one year 8 108,884 108,884
NET CURRENT ASSETS 22,627 22,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

899,405

899,405

CREDITORS
Amounts falling due after more than one
year

9

(705,497

)

(705,497

)

PROVISIONS FOR LIABILITIES (117,237 ) (117,237 )
NET ASSETS 76,671 76,671

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 76,669 76,669
SHAREHOLDERS' FUNDS 76,671 76,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Henwar Developments Limited (Registered number: 11564512)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





A N Bird - Director


Henwar Developments Limited (Registered number: 11564512)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Henwar Developments 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised on a 2% straight line basis in line with the related developed fixed asset.

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 - 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

Henwar Developments Limited (Registered number: 11564512)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 March 2023
and 29 February 2024 13,033
AMORTISATION
At 1 March 2023
and 29 February 2024 521
NET BOOK VALUE
At 29 February 2024 12,512
At 28 February 2023 12,512

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 326,473
DEPRECIATION
At 1 March 2023
and 29 February 2024 229,468
NET BOOK VALUE
At 29 February 2024 97,005
At 28 February 2023 97,005

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 801,161
DEPRECIATION
At 1 March 2023
and 29 February 2024 33,900
NET BOOK VALUE
At 29 February 2024 767,261
At 28 February 2023 767,261

Henwar Developments Limited (Registered number: 11564512)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 27,344 27,344
Other debtors 101,980 101,980
129,324 129,324

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 33,830 33,830
Trade creditors 1,801 1,801
Taxation and social security 1,897 1,897
Other creditors 71,356 71,356
108,884 108,884

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 705,497 705,497

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 739,327 739,327

The bank loan is secured by a fixed charge on the land owned by the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2

Henwar Developments Limited (Registered number: 11564512)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. RESERVES
Retained
earnings
£   

At 1 March 2023 76,669
Profit for the year -
At 29 February 2024 76,669

13. RELATED PARTY DISCLOSURES

Included within other creditors is an outstanding interest free loan from Cavendish Holdings Ltd, a company in which A P M Bird is also a director. The amount outstanding at the year end was £40,000.