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REGISTERED NUMBER: 03120675









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

HERTINGFORDBURY INVESTMENTS LIMITED

HERTINGFORDBURY INVESTMENTS LIMITED (REGISTERED NUMBER: 03120675)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HERTINGFORDBURY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs A K Friedlein
O J King
M J G King





SECRETARY: Mrs A K Friedlein





REGISTERED OFFICE: 124 Great North Road
Hatfield
Hertfordshire
AL9 5JN





REGISTERED NUMBER: 03120675





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

HERTINGFORDBURY INVESTMENTS LIMITED (REGISTERED NUMBER: 03120675)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 333,878 333,878
Investment property 5 2,250,000 2,075,000
2,583,878 2,408,878

CURRENT ASSETS
Debtors 6 522 3,780
Cash at bank - 99
522 3,879
CREDITORS
Amounts falling due within one year 7 16,554 17,117
NET CURRENT LIABILITIES (16,032 ) (13,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,567,846

2,395,640

CREDITORS
Amounts falling due after more than one
year

8

(1,855,727

)

(1,827,814

)

PROVISIONS FOR LIABILITIES (122,353 ) (89,103 )
NET ASSETS 589,766 478,723

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 950,825 809,075
Retained earnings (361,159 ) (330,452 )
SHAREHOLDERS' FUNDS 589,766 478,723

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

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

HERTINGFORDBURY INVESTMENTS LIMITED (REGISTERED NUMBER: 03120675)

BALANCE SHEET - continued
31ST 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 29th November 2024 and were signed on its behalf by:





M J G King - Director


HERTINGFORDBURY INVESTMENTS LIMITED (REGISTERED NUMBER: 03120675)

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

1. STATUTORY INFORMATION

Hertingfordbury Investments 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.

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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Further, the directors continue to support the company by way of director funding and have not indicated that such support will be withdrawn in the foreseeable future. Therefore the financial statements for the year ended 31st March 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation and uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

1. Investment Property

Investment property is stated at fair value based upon the directors valuation at the balance sheet date

Revenue recognition
Revenue is recognised and included in the accounts as turnover based upon rentals and other income receivable from the company's investment properties, excluding discounts, rebates, value added and other sales taxes.

HERTINGFORDBURY INVESTMENTS LIMITED (REGISTERED NUMBER: 03120675)

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

2. ACCOUNTING POLICIES - continued

Investment property
The company's properties are held for investment purposes. Investment properties are shown at their most recent fair values. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. Deferred taxation is provided on such gains at the tax rate expected to apply when properties are sold.

Under FRS 102 valuations as above are made under the fair value provisions of the Companies Act 2006 (CA 2006) and consequently the non-depreciation of investment properties is not a departure from the provisions of CA 2006.

The directors determine fair value by reference to rental yields and current market conditions as appropriate. Rents receivable from investment properties are credited to profit and loss account on a receivable basis.

Investment properties are first recognised in the financial statements once an irrevocable purchase contract has been entered into. A sale of an investment property is recorded once an irrevocable sales contract has been entered into, provided that the sale has been completed by the date the financial statements are approved by the Board.

Investment properties are treated as fixed asset investments until the date of sale.

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with section 11 of FRS102. All basic financial instruments including debtors, cash and cash equivalents, and creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HERTINGFORDBURY INVESTMENTS LIMITED (REGISTERED NUMBER: 03120675)

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023
and 31st March 2024 333,878
NET BOOK VALUE
At 31st March 2024 333,878
At 31st March 2023 333,878

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 2,075,000
Revaluations 175,000
At 31st March 2024 2,250,000
NET BOOK VALUE
At 31st March 2024 2,250,000
At 31st March 2023 2,075,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2010 155,116
Valuation in 2015 271,181
Valuation in 2016 107,000
Valuation in 2017 115,000
Valuation in 2018 (25,000 )
Valuation in 2019 170,000
Valuation in 2020 (93,493 )
Valuation in 2021 183,374
Valuation in 2022 15,000
Valuation in 2024 175,000
Cost 1,176,822
2,250,000

Investment property was valued on an open market basis on 31st March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 522 3,780

HERTINGFORDBURY INVESTMENTS LIMITED (REGISTERED NUMBER: 03120675)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,061 5,945
Trade creditors 3,493 3,172
Other creditors 7,000 8,000
16,554 17,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 217,236 220,842
Other creditors 1,638,491 1,606,972
1,855,727 1,827,814

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 222,478 226,787

The bank loans and overdrafts are secured on the company's investment properties.

10. RESERVES
Fair
value
reserve
£   
At 1st April 2023 809,075
(Loss)/gain in fair value of
investment properties 175,000
Deferred tax credit/(charge)
on fair value change (33,250 )

At 31st March 2024 950,825

11. RELATED PARTY DISCLOSURES

In accordance with FRS102 1A material transactions with related parties which the company has entered into which have not been concluded under normal market conditions must be disclosed within the financial statements. The directors consider that all transactions with related parties have been concluded under normal market conditions and therefore no disclosures are required.