Company registration number 10446229 (England and Wales)
HAYLE HOUSING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
HAYLE HOUSING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HAYLE HOUSING LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
1,530,000
1,530,000
Current assets
Debtors
4
4,598
4,700
Cash at bank and in hand
405,519
304,444
410,117
309,144
Creditors: amounts falling due within one year
(1,522,075)
(1,499,840)
Net current liabilities
(1,111,958)
(1,190,696)
Total assets less current liabilities
418,042
339,304
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
417,942
339,204
Total equity
418,042
339,304

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 22 November 2024 and are signed on its behalf by:
Mr W J Hawkins
Director
Company Registration No. 10446229
HAYLE HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Hayle Housing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Tregarne Terrace, St Austell, Cornwall, PL25 4DD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is in respect of rental income which is recognised on a receivable basis and deferred where the income is received in advance.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation (if any) is recognised in the profit and loss account.

1.4
Debtors and creditors receiveable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. There are no impairments in respect of debtors or creditors and all are classified as receivable or payable within one year and are therefore not amortised.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
HAYLE HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 July 2023 and 30 June 2024
1,530,000

Investment property comprises a small portfolio of residential houses. The fair value of the investment property was arrived at by the directors on an open market value basis by reference to market evidence of transaction prices for similar properties in October 2016. The directors consider this is still reasonable and as such there have been no revaluations to the properties.

 

4
Debtors: amounts falling due within one year
2024
2023
£
£
Amounts owed by group undertakings
-
0
4,600
Other debtors
4,598
100
4,598
4,700
5
Parent company

Throughout the year the immediate parent company was Hawkins Holdings Limited (a company incorporated in the UK) which was controlled by members of the Hawkins family who are directors of Hayle Housing Limited. Its registered office is 57 Gwindra Road, St Stephen, St Austell, Cornwall PL26 7LB. The ultimate controlling parties were the members of the Hawkins family who are the shareholders in Hawkins Holdings Limited.

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