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REGISTERED NUMBER: 03145084 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Hanbury Developments Limited

Hanbury Developments Limited (Registered number: 03145084)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hanbury Developments Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: MC Sampson
JD Sampson





SECRETARY: JD Sampson





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wilts
SN1 3EY





REGISTERED NUMBER: 03145084 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Hanbury Developments Limited (Registered number: 03145084)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,701 8,459

CURRENT ASSETS
Stocks 5 281,100 281,100
Debtors 6 22,075 24,866
Cash at bank 57,560 85,891
360,735 391,857
CREDITORS
Amounts falling due within one year 7 351,699 422,742
NET CURRENT ASSETS/(LIABILITIES) 9,036 (30,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,737

(22,426

)

CREDITORS
Amounts falling due after more than one
year

8

150,000

150,000
NET LIABILITIES (136,263 ) (172,426 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (136,265 ) (172,428 )
SHAREHOLDERS' FUNDS (136,263 ) (172,426 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Hanbury Developments Limited (Registered number: 03145084)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





MC Sampson - Director


Hanbury Developments Limited (Registered number: 03145084)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Hanbury 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.

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
Motor vehicles - 20% on cost
Computer equipment - 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Hanbury Developments Limited (Registered number: 03145084)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 14,367 10,917 9,739 35,023
DEPRECIATION
At 1 August 2023 12,037 5,276 9,251 26,564
Charge for year 1,313 2,184 261 3,758
At 31 July 2024 13,350 7,460 9,512 30,322
NET BOOK VALUE
At 31 July 2024 1,017 3,457 227 4,701
At 31 July 2023 2,330 5,641 488 8,459

Hanbury Developments Limited (Registered number: 03145084)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. STOCKS
2024 2023
£    £   
Work in Progress 281,100 281,100

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 6,164 3,139

Amounts falling due after more than one year:
Other debtors 15,911 21,727

Aggregate amounts 22,075 24,866

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,077 31,913
Taxation and social security - 1,741
Other creditors 340,622 389,088
351,699 422,742

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 150,000 150,000

Hanbury Developments Limited (Registered number: 03145084)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. GOING CONCERN

At the balance sheet date the company had net current assets of £9,036 (2023: net current liabilities of £30,885) a negative balance sheet of £136,263 (2023: £172,426) and made a trading profit for the year of £41,979 (2023: trading loss for the year of £33,785).

The directors have considered the cashflow and profitability of the business and they are of the opinion that the company will generate sufficient revenues to enable the company to meet its day to day trading needs.

Consequently, the directors continue to believe that the going concern basis is appropriate in the preparation of these accounts.

If adoption of the going concern basis were inappropriate, adjustments would be required to write down assets to their recoverable value, to reclassify fixed assets as current assets and to provide for any further liabilities that may arise.