Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31true2023-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2falseBuying and selling of own real estate2truefalse 13555701 2023-09-01 2024-08-31 13555701 2022-09-01 2023-08-31 13555701 2024-08-31 13555701 2023-08-31 13555701 c:Director1 2023-09-01 2024-08-31 13555701 d:CurrentFinancialInstruments 2024-08-31 13555701 d:CurrentFinancialInstruments 2023-08-31 13555701 d:Non-currentFinancialInstruments 2024-08-31 13555701 d:Non-currentFinancialInstruments 2023-08-31 13555701 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13555701 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13555701 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 13555701 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 13555701 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 13555701 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 13555701 d:ShareCapital 2024-08-31 13555701 d:ShareCapital 2023-08-31 13555701 d:RetainedEarningsAccumulatedLosses 2024-08-31 13555701 d:RetainedEarningsAccumulatedLosses 2023-08-31 13555701 c:FRS102 2023-09-01 2024-08-31 13555701 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13555701 c:FullAccounts 2023-09-01 2024-08-31 13555701 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13555701 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 13555701









HAINAULT DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
HAINAULT DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13555701

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
                                                                     Note
£
£

  

Current assets
  

Stocks
 4 
1,852,947
623,826

Debtors: amounts falling due within one year
 5 
43,281
816

Cash at bank and in hand
 6 
71
3,099

  
1,896,299
627,741

Creditors: amounts falling due within one year
 7 
(1,066,442)
(630,150)

Net current assets/(liabilities)
  
 
 
829,857
 
 
(2,409)

Total assets less current liabilities
  
829,857
(2,409)

Creditors: amounts falling due after more than one year
 8 
(833,567)
-

  

Net liabilities
  
(3,710)
(2,409)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(3,712)
(2,411)

  
(3,710)
(2,409)


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
HAINAULT DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13555701
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2025.


V Khatri
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HAINAULT DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Hainault Developments Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is 74 Leytonstone Road, London, E15 1SQ.
The principal activity of the Company is that of buying and selling of own real estate.

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 polices have been applied:

 
2.2

Borrowing costs

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

 
2.3

Stocks

Stock is comprised of freehold and leasehold properties held for trading and is included in the financial statements at the lower of cost and net realisable value.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
HAINAULT DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

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


4.


Stocks

2024
2023
£
£

Property stock
1,852,947
623,826



5.


Debtors

2024
2023
£
£


Other debtors
43,281
816



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
71
3,099


Page 4

 
HAINAULT DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,064,392
628,150

Accruals and deferred income
2,050
2,000

1,066,442
630,150



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
833,567
-



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
833,567
-



10.


Related party transactions

Incuded within creditors due within one year, is an amount of £814,392 (2023 - £628,150) due to a company under the common control of the directors.

 
Page 5