IRIS Accounts Production v24.3.2.46 12432843 director 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124328432023-09-30124328432024-09-30124328432023-10-012024-09-30124328432022-09-30124328432022-10-012023-09-30124328432023-09-3012432843ns15:EnglandWales2023-10-012024-09-3012432843ns14:PoundSterling2023-10-012024-09-3012432843ns10:Director12023-10-012024-09-3012432843ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3012432843ns10:SmallEntities2023-10-012024-09-3012432843ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3012432843ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3012432843ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012432843ns10:FullAccounts2023-10-012024-09-3012432843ns10:OrdinaryShareClass12023-10-012024-09-3012432843ns10:RegisteredOffice2023-10-012024-09-3012432843ns5:CurrentFinancialInstruments2024-09-3012432843ns5:CurrentFinancialInstruments2023-09-3012432843ns5:Non-currentFinancialInstruments2024-09-3012432843ns5:Non-currentFinancialInstruments2023-09-3012432843ns5:ShareCapital2024-09-3012432843ns5:ShareCapital2023-09-3012432843ns5:RetainedEarningsAccumulatedLosses2024-09-3012432843ns5:RetainedEarningsAccumulatedLosses2023-09-3012432843ns5:PlantMachinery2023-10-012024-09-3012432843ns5:PlantMachinery2023-09-3012432843ns5:PlantMachinery2024-09-3012432843ns5:PlantMachinery2023-09-3012432843ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3012432843ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3012432843ns5:WithinOneYear2024-09-3012432843ns5:WithinOneYear2023-09-3012432843ns5:BetweenOneFiveYears2024-09-3012432843ns5:BetweenOneFiveYears2023-09-3012432843ns5:MoreThanFiveYears2024-09-3012432843ns5:MoreThanFiveYears2023-09-3012432843ns5:AllPeriods2024-09-3012432843ns5:AllPeriods2023-09-3012432843ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 12432843 (England and Wales)















HEDGES ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






HEDGES ESTATES LIMITED (REGISTERED NUMBER: 12432843)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


HEDGES ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mrs K V Hedges



REGISTERED OFFICE: 13 Roman Bank
Skegness
PE25 2SA



REGISTERED NUMBER: 12432843 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



BANKERS: Starling Bank
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP

HEDGES ESTATES LIMITED (REGISTERED NUMBER: 12432843)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 760 1,497

CURRENT ASSETS
Debtors 5 - 4,925
Cash at bank and in hand 69,366 28,609
69,366 33,534
CREDITORS
Amounts falling due within one year 6 43,541 19,409
NET CURRENT ASSETS 25,825 14,125
TOTAL ASSETS LESS CURRENT LIABILITIES 26,585 15,622

CREDITORS
Amounts falling due after more than one year 7 (2,901 ) -

PROVISIONS FOR LIABILITIES (120 ) (262 )
NET ASSETS 23,564 15,360

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 23,563 15,359
SHAREHOLDERS' FUNDS 23,564 15,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 6 January 2025 and were signed by:





Mrs K V Hedges - Director


HEDGES ESTATES LIMITED (REGISTERED NUMBER: 12432843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Hedges Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.


HEDGES ESTATES LIMITED (REGISTERED NUMBER: 12432843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 2,235
DEPRECIATION
At 1 October 2023 738
Charge for year 737
At 30 September 2024 1,475
NET BOOK VALUE
At 30 September 2024 760
At 30 September 2023 1,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors - 4,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 17,408 -
Trade creditors 382 -
Taxation and social security 20,630 17,677
Other creditors 5,121 1,732
43,541 19,409

HEDGES ESTATES LIMITED (REGISTERED NUMBER: 12432843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 2,901 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 8,000 8,000
Between one and five years 32,000 32,000
In more than five years 17,333 25,333
57,333 65,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has provided an interest free loan totalling £2,723 (2023 (£4,925) ).