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REGISTERED NUMBER: 05881183 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Hayden Foster Limited

Hayden Foster Limited (Registered number: 05881183)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hayden Foster Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr H F Foster





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 05881183 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Hayden Foster Limited (Registered number: 05881183)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,957 23,622
Investments 6 335,000 335,000
Investment property 7 510,000 510,000
849,957 868,622

CURRENT ASSETS
Debtors 8 346,953 196,616
Cash at bank 27,376 131,094
374,329 327,710
CREDITORS
Amounts falling due within one year 9 62,711 42,660
NET CURRENT ASSETS 311,618 285,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,575

1,153,672

CREDITORS
Amounts falling due after more than one
year

10

(178,060

)

(211,965

)

PROVISIONS FOR LIABILITIES (41,630 ) (41,630 )
NET ASSETS 941,885 900,077

CAPITAL AND RESERVES
Called up share capital 11 100 100
Non-distributable reserve 12 124,888 124,888
Retained earnings 816,897 775,089
SHAREHOLDERS' FUNDS 941,885 900,077

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.

Hayden Foster Limited (Registered number: 05881183)

Balance Sheet - continued
31 August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





Mr H F Foster - Director


Hayden Foster Limited (Registered number: 05881183)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Hayden Foster 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - Straight line over 3 years

Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with via the fair value reserve. No depreciation is provided in respect of investment properties.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Hayden Foster Limited (Registered number: 05881183)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 500,000
AMORTISATION
At 1 September 2023
and 31 August 2024 500,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Goodwill arose on the purchase of the company's share in the partnership.

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 831 58,579 59,410
DEPRECIATION
At 1 September 2023 332 35,456 35,788
Charge for year 166 18,499 18,665
At 31 August 2024 498 53,955 54,453
NET BOOK VALUE
At 31 August 2024 333 4,624 4,957
At 31 August 2023 499 23,123 23,622

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 58,579
DEPRECIATION
At 1 September 2023 35,456
Charge for year 18,499
At 31 August 2024 53,955
NET BOOK VALUE
At 31 August 2024 4,624
At 31 August 2023 23,123

Hayden Foster Limited (Registered number: 05881183)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 335,000
NET BOOK VALUE
At 31 August 2024 335,000
At 31 August 2023 335,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 510,000
NET BOOK VALUE
At 31 August 2024 510,000
At 31 August 2023 510,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 510,000

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

2024 2023
£    £   
Cost 343,482 343,482

The investment properties were valued on an open market basis on 31 August 2024 by the director, Mr H F Foster .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from Partnership interest 185,548 166,492
Shareholders' loan accounts 38,984 4,006
Directors' current accounts 122,421 26,118
346,953 196,616

Other than as stated under directors loan account and shareholders loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

Hayden Foster Limited (Registered number: 05881183)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,421 6,071
Finance leases 27,376 10,119
Tax 26,386 24,470
Social security and other taxes 166 -
Other creditors 550 500
Accruals and deferred income 1,812 1,500
62,711 42,660

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 178,060 184,589
Finance leases - 27,376
178,060 211,965

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Non-distributable
reserve
£   
At 1 September 2023
and 31 August 2024 124,888

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr H F Foster
Balance outstanding at start of year 26,118 -
Amounts advanced 270,793 276,198
Amounts repaid (174,490 ) (250,080 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 122,421 26,118

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.