Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falsetrue2023-03-01Development of building projectsThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2false2false 12276982 2023-03-01 2024-02-29 12276982 2022-03-01 2023-02-28 12276982 2023-02-28 12276982 c:Director1 2023-03-01 2024-02-29 12276982 d:CurrentFinancialInstruments 2024-02-29 12276982 d:CurrentFinancialInstruments 2023-02-28 12276982 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12276982 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12276982 d:ShareCapital 2024-02-29 12276982 d:ShareCapital 2023-02-28 12276982 d:RetainedEarningsAccumulatedLosses 2024-02-29 12276982 d:RetainedEarningsAccumulatedLosses 2023-02-28 12276982 c:FRS102 2023-03-01 2024-02-29 12276982 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12276982 c:FullAccounts 2023-03-01 2024-02-29 12276982 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12276982 4 2023-03-01 2024-02-29 12276982 2024-02-29 12276982 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 12276982


HAINAULT ROAD DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024
These draft accounts may be subject to material change before finalisation. This information is provided in confidence and is only to be used by the addressee. Wellers and its employees can accept no responsibility (financial or otherwise) in connection with the information provided. If necessary, please contact the relevant office for further clarification.

 
HAINAULT ROAD DEVELOPMENTS LIMITED
REGISTERED NUMBER: 12276982

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
  
51,261
51,261

Debtors: amounts falling due within one year
 5 
-
55,935

Cash at bank and in hand
 6 
52,884
14,534

  
104,145
121,730

Creditors: amounts falling due within one year
 7 
(53,371)
(124,084)

Net current assets/(liabilities)
  
 
 
50,774
 
 
(2,354)

Total assets less current liabilities
  
50,774
(2,354)

  

Net assets/(liabilities)
  
50,774
(2,354)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
50,773
(2,355)

  
50,774
(2,354)


Page 1

 
HAINAULT ROAD DEVELOPMENTS LIMITED
REGISTERED NUMBER: 12276982
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Andrew M Budgen
Director
Date: 29 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HAINAULT ROAD DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Hainault Road Developments Ltd is a private limited company which is incorporated and domiciled in the UK. The registered office address is 1 Vincent Square, London, SW1P 2PN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
HAINAULT ROAD DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


3.


Going concern

The financial statements have been prepared on a going concern basis.
At the point the accounts were issued for signature, it is considered that the company continue to trade for a minimum of 12 months from the signature date.


4.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
-
44,827

Other debtors
-
11,108

-
55,935



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
52,884
14,534

52,884
14,534


Page 4

 
HAINAULT ROAD DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
3,425
4,386

Other taxation and social security
-
5,203

Other creditors
47,393
113,695

Accruals and deferred income
2,553
800

53,371
124,084



8.


Related party transactions

As at the balance sheet date, included within other debtors due within one year is £nil (2023: £11,108) due from SpacelabUK Limited, a company in which A Budgen and N Lonsdale are also directors.
included within other creditors due within one year is £47,393 (2023: £113,695) due to the company's immediate parent undertaking, Urbanlab Ltd.

 
Page 5