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REGISTERED NUMBER: 06221212 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HAYFIELD PROPERTY LIMITED

HAYFIELD PROPERTY LIMITED (REGISTERED NUMBER: 06221212)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


HAYFIELD PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr D C Moore





REGISTERED OFFICE: Big Tree Farm
Dolly Lane
Buxworth
Derbyshire
SK23 7QG





REGISTERED NUMBER: 06221212 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

HAYFIELD PROPERTY LIMITED (REGISTERED NUMBER: 06221212)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 667 1,150
Investment property 5 425,000 1,380,000
425,667 1,381,150

CURRENT ASSETS
Debtors 6 221,401 19,998
Cash at bank 283,968 25,051
505,369 45,049
CREDITORS
Amounts falling due within one year 7 61,954 27,271
NET CURRENT ASSETS 443,415 17,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,082

1,398,928

CREDITORS
Amounts falling due after more than one
year

8

(87,908

)

(552,949

)

PROVISIONS FOR LIABILITIES 9 (1,334 ) (40,609 )
NET ASSETS 779,840 805,370

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 3,502 171,895
Retained earnings 776,238 633,375
SHAREHOLDERS' FUNDS 779,840 805,370

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.

HAYFIELD PROPERTY LIMITED (REGISTERED NUMBER: 06221212)

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 28 January 2025 and were signed by:





Mr D C Moore - Director


HAYFIELD PROPERTY LIMITED (REGISTERED NUMBER: 06221212)

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

1. STATUTORY INFORMATION

Hayfield Property 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

HAYFIELD PROPERTY LIMITED (REGISTERED NUMBER: 06221212)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 3,893
DEPRECIATION
At 1 May 2023 2,743
Charge for year 483
At 30 April 2024 3,226
NET BOOK VALUE
At 30 April 2024 667
At 30 April 2023 1,150

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,380,000
Disposals (970,000 )
Revaluations 15,000
At 30 April 2024 425,000
NET BOOK VALUE
At 30 April 2024 425,000
At 30 April 2023 1,380,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 (10,330 )
Valuation in 2024 15,000
Cost 420,330
425,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other debtors 221,401 19,998

HAYFIELD PROPERTY LIMITED (REGISTERED NUMBER: 06221212)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 7,200 9,600
Taxation and social security 53,746 11,771
Other creditors 1,008 5,900
61,954 27,271

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 87,908 552,949

9. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 1,334 40,609

Deferred
tax
£   
Balance at 1 May 2023 40,609
Credit to Income Statement during year (39,275 )
Balance at 30 April 2024 1,334

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
100 Ordinary shares £1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1 May 2023 171,895
Reserves transfer (168,393 )

At 30 April 2024 3,502