0 01/11/2023 31/10/2024 2024-10-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-11-01 Sage Accounts Production 24.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03727757 2023-11-01 2024-10-31 03727757 2024-10-31 03727757 2023-10-31 03727757 2022-11-01 2023-10-31 03727757 2023-10-31 03727757 2022-10-31 03727757 bus:RegisteredOffice 2023-11-01 2024-10-31 03727757 bus:Director1 2023-11-01 2024-10-31 03727757 bus:Director2 2023-11-01 2024-10-31 03727757 bus:CompanySecretary1 2023-11-01 2024-10-31 03727757 core:WithinOneYear 2024-10-31 03727757 core:WithinOneYear 2023-10-31 03727757 core:ShareCapital 2024-10-31 03727757 core:ShareCapital 2023-10-31 03727757 core:RetainedEarningsAccumulatedLosses 2024-10-31 03727757 core:CostValuation core:Non-currentFinancialInstruments 2024-10-31 03727757 core:Non-currentFinancialInstruments 2024-10-31 03727757 core:Non-currentFinancialInstruments 2023-10-31 03727757 bus:SmallEntities 2023-11-01 2024-10-31 03727757 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03727757 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03727757 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03727757 bus:FullAccounts 2023-11-01 2024-10-31 03727757 1 2023-11-01 2024-10-31 03727757 2 2023-11-01 2024-10-31
Company registration number: 03727757
Hadencastle Limited
Unaudited filleted financial statements
31 October 2024
Hadencastle Limited
Contents
Directors and other information
Directors report
Statement of financial position
Notes to the financial statements
Hadencastle Limited
Directors and other information
Directors Mr R E Williams
Mr R F C Williams
Secretary Mrs E W Williams
Company number 03727757
Registered office Unit 5, Greaves Way Industrial Estate
Stanbridge Road
Leighton Buzzard
Beds
LU7 4UB
Hadencastle Limited
Directors report
Year ended 31st October 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31st October 2024.
Directors
The directors who served the company during the year were as follows:
Mr R E Williams
Mr R F C Williams
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 14 March 2025 and signed on behalf of the board by:
Mr R E Williams Mr R F C Williams
Director Director
Hadencastle Limited
Statement of financial position
31st October 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 4 71 71
_______ _______
71 71
Current assets
Debtors 5 29 29
Cash at bank and in hand 4,990 5,000
_______ _______
5,019 5,029
Creditors: amounts falling due
within one year 6 ( 5,000) ( 5,000)
_______ _______
Net current assets 19 29
_______ _______
Total assets less current liabilities 90 100
_______ _______
Net assets 90 100
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 10) -
_______ _______
Shareholders funds 90 100
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
Mr R E Williams Mr R F C Williams
Director Director
Company registration number: 03727757
Hadencastle Limited
Notes to the financial statements
Year ended 31st October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5, Greaves Way Industrial Estate, Stanbridge Road, Leighton Buzzard, Beds, LU7 4UB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1st November 2023 and 31st October 2024 71 71
_______ _______
Impairment
At 1st November 2023 and 31st October 2024 - -
_______ _______
Carrying amount
At 31st October 2024 71 71
_______ _______
At 31st October 2023 71 71
_______ _______
5. Debtors
2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 29 29
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 5,000 5,000
_______ _______
7. Directors advances, credits and guarantees
There were no advances, credits or guarantees given to the directors during the year.
8. Controlling party
The Company is 100% owned and controlled by the Directors, R E Williams and R F C Williams , who are close family members.