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REGISTERED NUMBER: 14176479 (England and Wales)











Financial Statements

for the Year Ended 29th March 2024

for

HARTSWOOD PROPERTIES LIMITED

HARTSWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 14176479)






Contents of the Financial Statements
for the year ended 29th March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARTSWOOD PROPERTIES LIMITED

Company Information
for the year ended 29th March 2024







DIRECTORS: N Grinyer
Mrs C S Grinyer





SECRETARY: Mrs C S Grinyer





REGISTERED OFFICE: Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ





REGISTERED NUMBER: 14176479 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

HARTSWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 14176479)

Balance Sheet
29th March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 540,699 296,963

CURRENT ASSETS
Debtors 5 667 -
Investments 6 1 1
Cash at bank 14,750 -
15,418 1
CREDITORS
Amounts falling due within one year 7 44,391 63,012
NET CURRENT LIABILITIES (28,973 ) (63,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,726

233,952

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 511,724 233,950
SHAREHOLDERS' FUNDS 511,726 233,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th 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.

HARTSWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 14176479)

Balance Sheet - continued
29th 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 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 18th December 2024 and were signed on its behalf by:




N Grinyer - Director



Mrs C S Grinyer - Director


HARTSWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 14176479)

Notes to the Financial Statements
for the year ended 29th March 2024

1. STATUTORY INFORMATION

Hartswood Properties 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2023 - 2 ) .

HARTSWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 14176479)

Notes to the Financial Statements - continued
for the year ended 29th March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30th March 2023 296,963
Additions 243,736
At 29th March 2024 540,699
NET BOOK VALUE
At 29th March 2024 540,699
At 29th March 2023 296,963

The directors are of the opinion that the market value of the investment properties are not significantly different from cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 667 -

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,054 -
Amounts owed to group undertakings 27,915 6,814
Tax 1,458 -
Directors' current accounts 2,664 55,448
Rent in advance 1,100 -
Accrued expenses 1,200 750
44,391 63,012

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

HARTSWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 14176479)

Notes to the Financial Statements - continued
for the year ended 29th March 2024

9. RELATED PARTY DISCLOSURES

The company owed its subsidiary, Science Based Analysis Consulting Limited, £27,915 (2023- £6,814)at the balance sheet date.

During the year, it received dividends of £273,400, (2023 £234,700) from that company.

Mr and Mrs Grinyer are directors of Science Based Analysis Consulting Limited.