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REGISTERED NUMBER: 02626209 (England and Wales)
















HAYNE BARN HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYNE BARN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I Record
F F Record
R L Record
E Hodson





REGISTERED OFFICE: Hayne Barn
Saltwood
Hythe
Kent
CT21 4EH





REGISTERED NUMBER: 02626209 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 624,448 588,939
Investments 5 100 1,270
Investment property 6 5,990,000 8,365,000
6,614,548 8,955,209

CURRENT ASSETS
Debtors 7 1,099,248 354,070
Cash at bank and in hand 392,691 94,035
1,491,939 448,105
CREDITORS
Amounts falling due within one year 8 111,404 696,074
NET CURRENT ASSETS/(LIABILITIES) 1,380,535 (247,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,995,083

8,707,240

CREDITORS
Amounts falling due after more than one year 9 (732,567 ) (3,085,514 )

PROVISIONS FOR LIABILITIES (1,211,199 ) (823,109 )
NET ASSETS 6,051,317 4,798,617

CAPITAL AND RESERVES
Called up share capital 19,000 19,000
Retained earnings 6,032,317 4,779,617
SHAREHOLDERS' FUNDS 6,051,317 4,798,617

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

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 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.

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

BALANCE SHEET - continued
31 MARCH 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 22 November 2024 and were signed on its behalf by:





I Record - Director


HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Hayne Barn Holdings 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 as modified by the revaluation of certain assets.

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 comprises revenue recognised by the company in respect of rental income and goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

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 - 33% on reducing balance, 25% on reducing balance, 20% on cost and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are included in the balance sheet at revalued cost. The investment properties are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

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.


HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 370,000 611,907 981,907
Additions - 105,491 105,491
At 31 March 2024 370,000 717,398 1,087,398
DEPRECIATION
At 1 April 2023 - 392,968 392,968
Charge for year - 69,982 69,982
At 31 March 2024 - 462,950 462,950
NET BOOK VALUE
At 31 March 2024 370,000 254,448 624,448
At 31 March 2023 370,000 218,939 588,939

The Yurts and Eco Pods are being writhen off over 5 years on a straight line basis from the year they become fully operational.

The freehold land that the Yurts and Eco Pods stand on is not being depreciated.

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 370,000 717,398 1,087,398

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 1,270
Disposals (1,170 )
At 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 1,270

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 8,365,000
Disposals (3,725,000 )
Revaluations 1,350,000
At 31 March 2024 5,990,000
NET BOOK VALUE
At 31 March 2024 5,990,000
At 31 March 2023 8,365,000

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 2,573,438
Valuation in 2020 295,000
Valuation in 2021 230,000
Valuation in 2022 350,000
Valuation in 2024 1,350,000
Cost 1,191,562
5,990,000

If the properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,191,562 4,075,067

Investment Properties were valued on an open market basis on 31 March 2024 by the Director Mr Ivor Record .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 90,798 37,072
Amounts owed by group undertakings - 62,147
Other debtors 1,008,450 254,851
1,099,248 354,070

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 7,178 8,307
Trade creditors 10,831 32,934
Amounts owed to group undertakings - 506,688
Taxation and social security 4,707 14,675
Other creditors 38,688 83,470
111,404 696,074

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 730,000 3,080,000
Hire purchase contracts 2,567 5,514
732,567 3,085,514

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 530,000 2,880,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank Loans 780,000 3,130,000

The bank loans and overdrafts are secured by fixed charges over the company's investment properties, a fixed and floating charge over the company's assets and an unlimited multilateral guarantee given by Hayne Barn Investments Limited.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
I Record
Balance outstanding at start of year - -
Amounts advanced 789,195 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 789,195 -

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. RELATED PARTY DISCLOSURES

As at 31st March 2024 the Company owed nil (2023: £506,688) to Hayne Barn Investments Ltd, a company under the common control of the directors Mr I Record and Ms M Record.

As at 31st March 2024 the Company was owed £175,000 (2023: £200,000) by Hayne Barn Leisure Ltd, a company in which the director Mr I Record has an interest.




13. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, Mr I Record and his wife by virtue of their shareholding in the company.