Acorah Software Products - Accounts Production 15.0.600 false true false 23 September 2023 31 May 2024 31 May 2024 15157759 D Gwyn-Jones R Gwyn-Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15157759 2023-09-22 15157759 2024-05-31 15157759 2023-09-23 2024-05-31 15157759 frs-core:CurrentFinancialInstruments 2024-05-31 15157759 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-23 2024-05-31 15157759 frs-core:ShareCapital 2024-05-31 15157759 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 15157759 frs-bus:PrivateLimitedCompanyLtd 2023-09-23 2024-05-31 15157759 frs-bus:FilletedAccounts 2023-09-23 2024-05-31 15157759 frs-bus:SmallEntities 2023-09-23 2024-05-31 15157759 frs-bus:AuditExempt-NoAccountantsReport 2023-09-23 2024-05-31 15157759 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-23 2024-05-31 15157759 frs-bus:Director1 2023-09-23 2024-05-31 15157759 frs-bus:Director2 2023-09-23 2024-05-31 15157759 frs-countries:EnglandWales 2023-09-23 2024-05-31
Registered number: 15157759
HADRIAN INDUSTRIAL ESTATES LTD
Unaudited Financial Statements
For the Period 23 September 2023 to 31 May 2024
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 15157759
31 May 2024
Notes £ £
CURRENT ASSETS
Stocks 4 2,523,161
Debtors 5 30,540
Cash at bank and in hand 5,149
2,558,850
Creditors: Amounts Falling Due Within One Year 6 (2,558,697 )
NET CURRENT ASSETS (LIABILITIES) 153
TOTAL ASSETS LESS CURRENT LIABILITIES 153
NET ASSETS 153
CAPITAL AND RESERVES
Called up share capital 7 100
Income Statement 53
SHAREHOLDERS' FUNDS 153
Page 1
Page 2
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
D Gwyn-Jones
Director
R Gwyn-Jones
Director
30 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HADRIAN INDUSTRIAL ESTATES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 15157759 . The registered office is 22 St Peter's Street, Stamford, Lincolnshire, PE9 2PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of property. Turnover is reduced for customer rebates and other similar allowances.
Rental of Commercial Property
Turnover from the rental of commercial property is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is based on period of occupation.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold held at cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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Cost or valuation as at 31 May 2024 represented by:
4. Stocks
31 May 2024
£
Work in progress 2,523,161
5. Debtors
31 May 2024
£
Due within one year
Trade debtors 29,022
Prepayments and accrued income 1,518
30,540
6. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 10,839
Corporation tax 17,518
VAT 3,112
Other creditors 4,304
Accruals and deferred income 11,893
Amounts owed to parent undertaking 103,425
Amounts owed to other participating interests 2,407,606
2,558,697
7. Share Capital
31 May 2024
£
Allotted, Called up and fully paid 100
8. Dividends
31 May 2024
£
On equity shares:
Final dividend paid 52,500
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9. Related Party Transactions
At the year end the company owed £1,203,803 to a company 100% owned and controlled by a director.
This loan is unsecured, interest free and repayable on demand.
At the year end the company owed £1,203,803 to a company 100% owned and controlled by a director.
This loan is unsecured, interest free and repayable on demand.
At the year end the company owed £103,425 to its parent company.
This loan is unsecured, interest free and repayable on demand.
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