Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302Property development and property rental2023-07-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12639960 2023-07-01 2024-06-30 12639960 2022-07-01 2023-06-30 12639960 2024-06-30 12639960 2023-06-30 12639960 c:Director1 2023-07-01 2024-06-30 12639960 d:FreeholdInvestmentProperty 2024-06-30 12639960 d:FreeholdInvestmentProperty 2023-06-30 12639960 d:CurrentFinancialInstruments 2024-06-30 12639960 d:CurrentFinancialInstruments 2023-06-30 12639960 d:Non-currentFinancialInstruments 2024-06-30 12639960 d:Non-currentFinancialInstruments 2023-06-30 12639960 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12639960 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12639960 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 12639960 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12639960 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 12639960 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 12639960 d:ShareCapital 2024-06-30 12639960 d:ShareCapital 2023-06-30 12639960 d:RetainedEarningsAccumulatedLosses 2024-06-30 12639960 d:RetainedEarningsAccumulatedLosses 2023-06-30 12639960 c:FRS102 2023-07-01 2024-06-30 12639960 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12639960 c:FullAccounts 2023-07-01 2024-06-30 12639960 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12639960 2 2023-07-01 2024-06-30 12639960 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12639960










HAYNEAD DEVELOPMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
HAYNEAD DEVELOPMENT LIMITED
REGISTERED NUMBER: 12639960

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
660,000
660,000

  
660,000
660,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,001
81,128

Cash at bank and in hand
  
332,661
761,915

  
333,662
843,043

Creditors: amounts falling due within one year
 6 
(515,583)
(490,958)

Net current (liabilities)/assets
  
 
 
(181,921)
 
 
352,085

Total assets less current liabilities
  
478,079
1,012,085

Creditors: amounts falling due after more than one year
 7 
-
(509,393)

  

Net assets
  
478,079
502,692


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
478,076
502,689

  
478,079
502,692

Page 1

 
HAYNEAD DEVELOPMENT LIMITED
REGISTERED NUMBER: 12639960
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S F Haynes
Director
Date: 13 March 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
HAYNEAD DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited shares, and is incorporated in England and Wales. The address of its registered office is Templeton House, Templeton Road, Kintbury, Hungerford, Berkshire, United Kingdom, RG17 9TH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover consists of proceeds from disposals of property, which are recognised on legal completion
of the sale of a property as well as rents receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the month for which the rental income relates. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 3

 
HAYNEAD DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
660,000



At 30 June 2024
660,000





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
660,000
660,000

Page 4

 
HAYNEAD DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
81,125

Called up share capital not paid
3
3

Tax recoverable
998
-

1,001
81,128



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
231

Corporation tax
-
130,361

Other taxation and social security
-
146

Other creditors
508,653
-

Accruals and deferred income
6,930
360,220

515,583
490,958



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
509,393



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
-
509,393




Page 5

 
HAYNEAD DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Related party transactions

Included in creditors is an amount due to the director and shareholder of the company, to the value of £508,653 (2023 - £509,393).


10.


Controlling party

The company is controlled by Mr S Haynes by virtue of his 100% shareholding.

 
Page 6