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Registered number: 14868521
HADRIAN LAND LIMITED
Unaudited Financial Statements
For the Period 15 May 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: 14868521
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,020,938
Investments 5 100
3,021,038
CURRENT ASSETS
Debtors 6 131,665
Cash at bank and in hand 7,031
138,696
Creditors: Amounts Falling Due Within One Year 7 (3,158,541 )
NET CURRENT ASSETS (LIABILITIES) (3,019,845 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,193
NET ASSETS 1,193
CAPITAL AND RESERVES
Called up share capital 8 1,000
Income Statement 193
SHAREHOLDERS' FUNDS 1,193
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 LAND LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14868521 . 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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
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
-
Page 3
Page 4
4. Tangible Assets
Investment Properties
£
Cost
As at 15 May 2023 -
Additions 3,020,938
As at 31 May 2024 3,020,938
Net Book Value
As at 31 May 2024 3,020,938
As at 15 May 2023 -
Cost or valuation as at 31 May 2024 represented by:
Investment Properties
£
At cost 3,020,938
3,020,938
5. Investments
Unlisted
£
Cost
As at 15 May 2023 -
Additions 100
As at 31 May 2024 100
Provision
As at 15 May 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 100
As at 15 May 2023 -
Page 4
Page 5
6. Debtors
31 May 2024
£
Due within one year
Trade debtors 23,117
Prepayments and accrued income 5,123
Amounts owed by subsidiaries 103,425
131,665
7. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 1,934
Corporation tax 8,917
VAT 3,543
Other creditors 2,751
Accruals and deferred income 123,456
Directors' loan accounts 495
Amounts owed to parent undertaking 3,017,445
3,158,541
8. Share Capital
31 May 2024
£
Allotted, Called up and fully paid 1,000
9. Dividends
31 May 2024
£
On equity shares:
Final dividend paid 78,600
10. Related Party Transactions
At the year end the company owed £1,503,695 to a parent company.
This loan is unsecured, interest free and repayable on demand.
At the year end the company owed £1,513,750 to a parent company.
This loan is unsecured, interest free and repayable on demand.
At the year end the company was owed £103,425 from a subsidary.
This loan is unsecured, interest free and repayable on demand
Page 5