Company registration number 10707598 (England and Wales)
TOM HAIZEL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TOM HAIZEL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
TOM HAIZEL LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,394,513
15,943,232
Investments
4
1,518,000
1,518,000
18,912,513
17,461,232
Current assets
Debtors
5
3,465,824
750,812
Cash at bank and in hand
109,674
530,718
3,575,498
1,281,530
Creditors: amounts falling due within one year
6
(225,122)
(50,443)
Net current assets
3,350,376
1,231,087
Total assets less current liabilities
22,262,889
18,692,319
Creditors: amounts falling due after more than one year
7
(10,833,527)
(7,564,920)
Net assets
11,429,362
11,127,399
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
11,429,361
11,127,398
Total equity
11,429,362
11,127,399
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
TOM HAIZEL LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 11 March 2025
Dr T Haizel
Director
Company registration number 10707598 (England and Wales)
TOM HAIZEL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information
Tom Haizel Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 33 Scottow Enterprise Park, Lamas Road, Badersfield, Norwich, Norfolk, England, NR10 5FB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
- 25% reducing balance
Computers
- 25% straight line
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
TOM HAIZEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
3
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2023
15,926,258
23,553
15,949,811
Additions
2,187,728
91,172
2,278,900
Disposals
(800,000)
(800,000)
At 30 April 2024
17,313,986
114,725
17,428,711
Depreciation and impairment
At 1 May 2023
6,581
6,581
Depreciation charged in the year
27,617
27,617
At 30 April 2024
34,198
34,198
Carrying amount
At 30 April 2024
17,313,986
80,527
17,394,513
At 30 April 2023
15,926,259
16,973
15,943,232
TOM HAIZEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,518,000
1,518,000
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
3,465,824
750,812
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
55,965
45,328
Taxation and social security
592
Other creditors
169,157
4,523
225,122
50,443
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
600,000
Other creditors
10,233,527
7,564,920
10,833,527
7,564,920