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Registration number: 11537792

Hockley Developments (Sherwood Rise) Limited

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 October 2024

 

Hockley Developments (Sherwood Rise) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Hockley Developments (Sherwood Rise) Limited

Company Information

Director

Mr Alan Forsyth

Registered office

15 Clarendon Street
Nottingham
NG1 5HR

 

Hockley Developments (Sherwood Rise) Limited

(Registration number: 11537792)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

71,758

1,525

Cash at bank and in hand

 

179

179

 

71,937

1,704

Creditors: Amounts falling due within one year

5

(48,314)

(7,314)

Net assets/(liabilities)

 

23,623

(5,610)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

23,613

(5,620)

Shareholders' funds/(deficit)

 

23,623

(5,610)

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
Mr Alan Forsyth
Director

 

Hockley Developments (Sherwood Rise) Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
15 Clarendon Street
Nottingham
NG1 5HR
England

The principal place of business is:
2A Sherwood Rise
Nottingham
NG7 6JN
England

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hockley Developments (Sherwood Rise) Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

525

525

Amounts owed by related parties

7

70,233

-

Other debtors

 

1,000

1,000

   

71,758

1,525

 

Hockley Developments (Sherwood Rise) Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

45,000

-

Other creditors

3,314

7,314

48,314

7,314

6

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil per each Ordinary

-

-

 

 
 

Hockley Developments (Sherwood Rise) Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

7

Related party transactions

Summary of transactions with parent

Hockley Developments Limited is the parent company.
Loans to or from the parent company are unsecured, non-interest bearing and repayable on demand.

£ 70,232 (2023: £74,233) was payable by Hockley Developments Limited at 30 September 2024, which is included in 'amounts owed by group undertakings'.

8

Parent and ultimate parent undertaking

The company's immediate parent is Hockley Developments Limited, incorporated in England & Wales.