Company Registration No. 10584002 (England and Wales)
Hornets Nest Ltd
Unaudited accounts
for the year ended 31 March 2025
Hornets Nest Ltd
Unaudited accounts
Contents
Hornets Nest Ltd
Company Information
for the year ended 31 March 2025
Directors
M Dempsey
S Dempsey
Company Number
10584002 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE
CROXLEY GREEN
RICKMANSWORTH
HERTS
WD3 3LT
UNITED KINGDOM
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
Hornets Nest Ltd
Statement of financial position
as at 31 March 2025
Investment property
293,882
293,882
Cash at bank and in hand
6,562
6,027
Creditors: amounts falling due within one year
(188,207)
(174,154)
Net current liabilities
(181,645)
(168,127)
Total assets less current liabilities
112,238
125,756
Creditors: amounts falling due after more than one year
(71,407)
(91,164)
Called up share capital
100
100
Profit and loss account
40,731
34,492
Shareholders' funds
40,831
34,592
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
M Dempsey
Director
Company Registration No. 10584002
Hornets Nest Ltd
Notes to the Accounts
for the year ended 31 March 2025
Hornets Nest Ltd is a private company, limited by shares, registered in England and Wales, registration number 10584002. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rental income from investment property.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% redicing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
These financial statements have been prepared on a going concern basis.
Hornets Nest Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
293,882
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
25,008
25,008
Taxes and social security
1,464
1,210
Loans from directors
161,735
147,936
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).