IRIS Accounts Production v24.3.2.46 03722165 director 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037221652023-04-30037221652024-04-30037221652023-05-012024-04-30037221652022-04-30037221652022-05-012023-04-30037221652023-04-3003722165ns15:EnglandWales2023-05-012024-04-3003722165ns14:PoundSterling2023-05-012024-04-3003722165ns10:Director12023-05-012024-04-3003722165ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003722165ns10:SmallEntities2023-05-012024-04-3003722165ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3003722165ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003722165ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003722165ns10:FullAccounts2023-05-012024-04-3003722165ns10:CompanySecretary12023-05-012024-04-3003722165ns10:RegisteredOffice2023-05-012024-04-3003722165ns5:CurrentFinancialInstruments2024-04-3003722165ns5:CurrentFinancialInstruments2023-04-3003722165ns5:ShareCapital2024-04-3003722165ns5:ShareCapital2023-04-3003722165ns5:RevaluationReserve2024-04-3003722165ns5:RevaluationReserve2023-04-3003722165ns5:RetainedEarningsAccumulatedLosses2024-04-3003722165ns5:RetainedEarningsAccumulatedLosses2023-04-3003722165ns5:PlantMachinery2023-05-012024-04-3003722165ns5:PlantMachinery2023-04-3003722165ns5:PlantMachinery2024-04-3003722165ns5:PlantMachinery2023-04-3003722165ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003722165ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003722165ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 03722165 (England and Wales)















HAY PROPERTIES LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2024






HAY PROPERTIES LIMITED (REGISTERED NUMBER: 03722165)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HAY PROPERTIES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J E Hay





SECRETARY: J E Hay





REGISTERED OFFICE: The Old Dutch Barn
Hay Manor House
Truemans Heath Lane
Wythall
B90 1PG





REGISTERED NUMBER: 03722165 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

HAY PROPERTIES LIMITED (REGISTERED NUMBER: 03722165)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 238 280
Investment property 5 442,060 362,060
442,298 362,340

CURRENT ASSETS
Debtors 6 1,500 571
Cash at bank 14,276 20,933
15,776 21,504
CREDITORS
Amounts falling due within one year 7 14,167 5,524
NET CURRENT ASSETS 1,609 15,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,907

378,320

PROVISIONS FOR LIABILITIES 41,106 21,106
NET ASSETS 402,801 357,214

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings non
distributable 8 178,894 118,894
Retained earnings 223,807 238,220
SHAREHOLDERS' FUNDS 402,801 357,214

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

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

The director acknowledges his 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.

HAY PROPERTIES LIMITED (REGISTERED NUMBER: 03722165)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





J E Hay - Director


HAY PROPERTIES LIMITED (REGISTERED NUMBER: 03722165)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Hay 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 as modified by the revaluation of certain assets.

The presentational currency is £ sterling

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 - 15% on reducing balance

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The accounts have been prepared on the going concern basis, the directors feel that there is sufficient equity in the properties to cover any future liabilities.

HAY PROPERTIES LIMITED (REGISTERED NUMBER: 03722165)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 1,995
DEPRECIATION
At 1 May 2023 1,715
Charge for year 42
At 30 April 2024 1,757
NET BOOK VALUE
At 30 April 2024 238
At 30 April 2023 280


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 362,060
Revaluations 80,000
At 30 April 2024 442,060
NET BOOK VALUE
At 30 April 2024 442,060
At 30 April 2023 362,060

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2006 170,000
Valuation in 2010 (70,000 )
Valuation in 2011 (35,000 )
Valuation in 2016 106,000
Valuation in 2019 (26,000 )
Valuation in 2020 (5,000 )
Valuation in 2024 80,000
Cost 222,060
442,060

Freehold Investment properties were valued on an open market basis on 30th April 2024, by the directors.

HAY PROPERTIES LIMITED (REGISTERED NUMBER: 03722165)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,500 -
Prepayments - 571
1,500 571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 75
Social security and other taxes - 3,341
Other creditors 9,157 1,682
Directors' current accounts 4,901 401
Accrued expenses 109 25
14,167 5,524

8. RESERVES
Retained
earnings
non
distributable
£   
At 1 May 2023 118,894
Movement in year 60,000

At 30 April 2024 178,894

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J.E.Hay.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hay Properties Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hay Properties Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hay Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hay Properties Limited and state those matters that we have agreed to state to the director of Hay Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hay Properties Limited and its director for our work or for this report.

It is your duty to ensure that Hay Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hay Properties Limited. You consider that Hay Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hay Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


31 January 2025