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REGISTERED NUMBER: 05701827 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

HAZELBANK STORES LIMITED

HAZELBANK STORES LIMITED (REGISTERED NUMBER: 05701827)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HAZELBANK STORES LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2024







DIRECTORS: K Whyte
D C J Whyte





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 05701827 (England and Wales)

HAZELBANK STORES LIMITED (REGISTERED NUMBER: 05701827)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 633 1,108
Tangible assets 5 180,690 1,183,483
Investments 6 17,597 17,597
198,920 1,202,188

CURRENT ASSETS
Stocks 85,486 74,894
Debtors 948,083 227,218
Cash at bank and in hand 90,302 24,381
1,123,871 326,493
CREDITORS
Amounts falling due within one year 121,979 324,321
NET CURRENT ASSETS 1,001,892 2,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,200,812

1,204,360

CREDITORS
Amounts falling due after more than one year (55,972 ) (100,724 )

PROVISIONS FOR LIABILITIES (34,451 ) (76,138 )
NET ASSETS 1,110,389 1,027,498

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 19,990 19,990
Revaluation reserve - 175,069
Retained earnings 1,090,299 832,339
SHAREHOLDERS' FUNDS 1,110,389 1,027,498

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

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

HAZELBANK STORES LIMITED (REGISTERED NUMBER: 05701827)

ABRIDGED BALANCE SHEET - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 April 2025 and were signed on its behalf by:





D C J Whyte - Director


HAZELBANK STORES LIMITED (REGISTERED NUMBER: 05701827)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

Hazelbank Stores 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

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 represents sales of food and household goods, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006 and a newspaper round in 2015, is amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings-15% on reducing balance
Plant and machinery-25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

HAZELBANK STORES LIMITED (REGISTERED NUMBER: 05701827)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 9,750
AMORTISATION
At 1 August 2023 8,642
Amortisation for year 475
At 31 July 2024 9,117
NET BOOK VALUE

At 31 July 2024 633
At 31 July 2023 1,108

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2023 1,590,179
Additions 73,569
Disposals (1,141,372 )
At 31 July 2024 522,376
DEPRECIATION
At 1 August 2023 406,696
Charge for year 36,950
Eliminated on disposal (101,960 )
At 31 July 2024 341,686
NET BOOK VALUE
At 31 July 2024 180,690
At 31 July 2023 1,183,483

HAZELBANK STORES LIMITED (REGISTERED NUMBER: 05701827)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


5. TANGIBLE FIXED ASSETS - continued

Totals
£

Freehold revaluation in 2018200,384
Freehold revaluation in 202315,750
Freehold property cost870,416
Freehold property disposal(1,086,370)
-

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 August 2023 54,821
Disposals (54,821 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 14,538
Charge for year 871
Eliminated on disposal (15,409 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 40,283

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2023
and 31 July 2024 17,597
NET BOOK VALUE
At 31 July 2024 17,597
At 31 July 2023 17,597

7. SECURED DEBTS

Fixed and floating charges over the undertaking and all property and assets present and future were created on 4 April 2007 by HSBC Bank plc to secure all monies due or becoming due. The charge also contained a negative pledge over the property. During the year, all outstanding charges were satisfied on 11 August 2023.

HAZELBANK STORES LIMITED (REGISTERED NUMBER: 05701827)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


8. RELATED PARTY DISCLOSURES

The following balances were due from related parties at the end of the reporting period:

2024 2023
£ £

2049 Holdings Limited 754,976 -
Shamley Green Stores Limited 157,522 175,356