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REGISTERED NUMBER: 12784792 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HAYWARD LIFESTYLE LIMITED

HAYWARD LIFESTYLE LIMITED (REGISTERED NUMBER: 12784792)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

HAYWARD LIFESTYLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: M Hayward





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 12784792 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

HAYWARD LIFESTYLE LIMITED (REGISTERED NUMBER: 12784792)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,353,295 1,327,846

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 23,001 13,985
23,101 14,085
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

1,211,669

1,211,516
NET CURRENT LIABILITIES (1,188,568 ) (1,197,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,727

130,415

PROVISIONS FOR LIABILITIES 7 29,214 24,378
NET ASSETS 135,513 106,037

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 153,756 128,307
Retained earnings (18,343 ) (22,370 )
SHAREHOLDERS' FUNDS 135,513 106,037

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 April 2025 and were signed by:





M Hayward - Director


HAYWARD LIFESTYLE LIMITED (REGISTERED NUMBER: 12784792)

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

1. STATUTORY INFORMATION

Hayward Lifestyle 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 directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents rental income and is recognised when the company obtains the right to consideration.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,327,846
Revaluations 25,449
At 31 August 2024 1,353,295
NET BOOK VALUE
At 31 August 2024 1,353,295
At 31 August 2023 1,327,846

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 1,353,295

HAYWARD LIFESTYLE LIMITED (REGISTERED NUMBER: 12784792)

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

4. INVESTMENT PROPERTY - continued

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

31.8.24 31.8.23
£    £   
Cost 1,160,000 1,160,000

The investment properties were valued on an open market basis on 31 August 2024 by Miles Hayward .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 2,079 1,986
Other creditors 1,209,590 1,209,530
1,211,669 1,211,516

7. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 29,214 24,378

Deferred
tax
£   
Balance at 1 September 2023 24,378
Provided during year 4,836
Balance at 31 August 2024 29,214

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023 128,307
Investment property 25,449

At 31 August 2024 153,756

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors a total of £371,456 (2023 - £371,456).

This loan is interest free and has no terms attached.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HAYWARD LIFESTYLE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hayward Lifestyle Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Hayward Lifestyle Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hayward Lifestyle Limited and state those matters that we have agreed to state to the director of Hayward Lifestyle Limited in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hayward Lifestyle Limited and its director for our work or for this report.

It is your duty to ensure that Hayward Lifestyle Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hayward Lifestyle Limited. You consider that Hayward Lifestyle Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hayward Lifestyle Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


Date: .............................................