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REGISTERED NUMBER: 02303616 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hedgerow Publishing Limited

Hedgerow Publishing Limited (Registered number: 02303616)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Hedgerow Publishing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Edward Tyzack John Hunt
Mr Jonathan Charles Vivian Hunt



SECRETARY: Mr Jonathan Charles Vivian Hunt



REGISTERED OFFICE: 325 Abbeydale Road
Sheffield
South Yorkshire
S7 1FS



REGISTERED NUMBER: 02303616 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: HSBC
22 The Moor
Sheffield
South Yorkshire
S1 4PA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hedgerow Publishing Limited


The following reproduces the text of the report prepared for the directors 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 Directors' Report 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 Hedgerow Publishing Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, 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 Board of Directors of Hedgerow Publishing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hedgerow Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Hedgerow Publishing Limited, as a body, 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 Hedgerow Publishing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hedgerow Publishing 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 loss of Hedgerow Publishing Limited. You consider that Hedgerow Publishing 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 Hedgerow Publishing 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.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


21 February 2025

Hedgerow Publishing Limited (Registered number: 02303616)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,505 3,060

CURRENT ASSETS
Stocks 38,932 39,034
Debtors 5 7,051 6,317
Cash at bank - 1,367
45,983 46,718
CREDITORS
Amounts falling due within one year 6 (22,451 ) (14,487 )
NET CURRENT ASSETS 23,532 32,231
TOTAL ASSETS LESS CURRENT LIABILITIES 26,037 35,291

CREDITORS
Amounts falling due after more than one
year

7

(31,001

)

(32,743

)
NET (LIABILITIES)/ASSETS (4,964 ) 2,548

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings (154,964 ) (147,452 )
(4,964 ) 2,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hedgerow Publishing Limited (Registered number: 02303616)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr Edward Tyzack John Hunt - Director


Hedgerow Publishing Limited (Registered number: 02303616)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Hedgerow Publishing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


Hedgerow Publishing Limited (Registered number: 02303616)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors expect the company to continue trading for the foreseeable future, but this is subject to the continued support of the company's existing lenders and creditors.

No adjustments have been made to these accounts should the going concern basis of accounting prove to not be appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 68,443 32,015 100,458
Additions 70 - 70
At 31 March 2024 68,513 32,015 100,528
DEPRECIATION
At 1 April 2023 65,714 31,684 97,398
Charge for year 559 66 625
At 31 March 2024 66,273 31,750 98,023
NET BOOK VALUE
At 31 March 2024 2,240 265 2,505
At 31 March 2023 2,729 331 3,060

Hedgerow Publishing Limited (Registered number: 02303616)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 5,914 5,180
Amounts owed by group undertakings 1,137 1,137
7,051 6,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 2,930 640
Trade creditors 553 4,059
Taxation and social security 1,607 1,632
Other creditors 17,361 8,156
22,451 14,487

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 9,001 10,743
Redeemable preference shares 22,000 22,000
31,001 32,743

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,033 3,775

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 500 500

The company had an 5 year lease term to rent the business premises, which expired on 10 September 2020, of which now continues to be a monthly rolling lease.

Hedgerow Publishing Limited (Registered number: 02303616)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank overdraft 1,188 -
Bank loans 10,743 11,383
11,931 11,383

The bank loans represent a bounce bank loan and is not secured, but is guaranteed by the UK government.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Cleden Holdings Limited.