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REGISTERED NUMBER: 00567150 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HAYLAND DEVELOPMENTS LIMITED

HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYLAND DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R M Haywood
S Y Haywood





SECRETARY: S Y Haywood





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 00567150 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 611 340
Investment property 5 4,214,051 4,066,925
4,214,662 4,067,265

CURRENT ASSETS
Debtors 6 327,506 111,602
Cash at bank and in hand 37,814 73,682
365,320 185,284
CREDITORS
Amounts falling due within one year 7 125,123 128,041
NET CURRENT ASSETS 240,197 57,243
TOTAL ASSETS LESS CURRENT LIABILITIES 4,454,859 4,124,508

CREDITORS
Amounts falling due after more than one
year

8

(1,515,294

)

(1,286,631

)

PROVISIONS FOR LIABILITIES (349,021 ) (312,665 )
NET ASSETS 2,590,544 2,525,212

HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)

BALANCE SHEET - continued
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 19 19
Non-distributable reserves 11 1,766,387 1,657,637
Retained earnings 824,138 867,556
SHAREHOLDERS' FUNDS 2,590,544 2,525,212

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 24 March 2025 and were signed on its behalf by:





S Y Haywood - Director


HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Hayland Developments 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.

Operating income
This represents rental income receivable on investment properties, net of discounts and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Investment properties
Tangible fixed assets include freehold land and buildings which are held by the company for investment purposes and not for consumption within the business operations.

These are classified as investment properties and are included in the financial statements at their open market value as shown in the fixed asset note. The directors consider that the time and expense involved in an external valuation of the investment properties is only merited when significant movements in value result from the completion of construction of particular properties or other circumstances. Accordingly, it is the directors' intention that properties under this heading will be valued externally at regular intervals.

The valuations are adopted in the financial statements and surpluses and deficiencies arising are reflected in the revaluation reserve account, unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 18,229
Additions 666
Disposals (17,647 )
At 31 October 2024 1,248
DEPRECIATION
At 1 November 2023 17,889
Charge for year 395
Eliminated on disposal (17,647 )
At 31 October 2024 637
NET BOOK VALUE
At 31 October 2024 611
At 31 October 2023 340

HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 4,066,925
Additions 2,126
Revaluations 145,000
At 31 October 2024 4,214,051
NET BOOK VALUE
At 31 October 2024 4,214,051
At 31 October 2023 4,066,925

Included in fair value of investment property is freehold land of £ 221,736 (2023 - £ 221,736 ) which is not depreciated.

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 2,115,225
Cost 2,098,826
4,214,051

If investment properties had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,067,515 2,067,515

Investment properties were valued on an open market basis on 23 April 2024 by VAS Group .

The revaluation in the year by VAS group accurately represents the fair value of the assets held by the company, with any additional movement in the year being further development work measured at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,450 6,300
Other debtors 322,056 105,302
327,506 111,602

HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,692 5,304
Taxation and social security 44,258 44,936
Other creditors 75,173 77,801
125,123 128,041

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,515,294 1,286,631

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,449 15,415

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,520,986 1,291,935

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6 A Ordinary £1 6 6
1 B Ordinary £1 1 1
12 C Ordinary £1 12 12
19 19

The "A", "B" and "C" Shares have equal voting rights and rank equally in all respects.

HAYLAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00567150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. RESERVES
Non-distributable
reserves
£   
At 1 November 2023 1,657,637
Revaluation 108,750

At 31 October 2024 1,766,387

12. ULTIMATE CONTROLLING PARTY

The directors have confirmed that the company has no ultimate controlling party.