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REGISTERED NUMBER: 00178223















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

NEVILLE HAY LIMITED

NEVILLE HAY LIMITED (REGISTERED NUMBER: 00178223)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEVILLE HAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: J R N Hay
J W S Hay
J G R Hay





SECRETARY: Ms S M T Hay





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 00178223





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

NEVILLE HAY LIMITED (REGISTERED NUMBER: 00178223)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,018,810 860,156

CURRENT ASSETS
Debtors 5 120,272 188,557
Cash at bank 237,916 315,450
358,188 504,007
CREDITORS
Amounts falling due within one year 6 576,894 630,287
NET CURRENT LIABILITIES (218,706 ) (126,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,104

733,876

CREDITORS
Amounts falling due after more than
one year

7

(21,667

)

(32,388

)

PROVISIONS FOR LIABILITIES (136,951 ) (75,393 )
NET ASSETS 641,486 626,095

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Capital redemption reserve 12,400 12,400
Retained earnings 627,486 612,095
641,486 626,095

NEVILLE HAY LIMITED (REGISTERED NUMBER: 00178223)

BALANCE SHEET - continued
28 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

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 28 November 2024 and were signed on its behalf by:





J G R Hay - Director


NEVILLE HAY LIMITED (REGISTERED NUMBER: 00178223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Neville Hay Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

Neville Hay Limited is primarily engaged in live broadcasting of motor sports and production of TV programs.

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.

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 - 25% on cost
Motor vehicles - 25% on cost

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, loan from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Revenue recognition
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 and value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

NEVILLE HAY LIMITED (REGISTERED NUMBER: 00178223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 3,587,919 322,433 3,910,352
Additions 318,420 109,418 427,838
Disposals - (124,431 ) (124,431 )
At 28 February 2024 3,906,339 307,420 4,213,759
DEPRECIATION
At 1 March 2023 2,826,983 223,213 3,050,196
Charge for year 202,993 40,839 243,832
Eliminated on disposal - (99,079 ) (99,079 )
At 28 February 2024 3,029,976 164,973 3,194,949
NET BOOK VALUE
At 28 February 2024 876,363 142,447 1,018,810
At 28 February 2023 760,936 99,220 860,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,578 174,736
Other debtors 12,694 13,821
120,272 188,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,707
Trade creditors 57,043 51,143
Amounts owed to group undertakings 346,909 359,445
Taxation and social security 86,795 156,242
Other creditors 76,147 53,750
576,894 630,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 21,667 32,388