HAGEN DEVELOPMENTS LIMITED

Company Registration Number:
01987783 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

HAGEN DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

HAGEN DEVELOPMENTS LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 23,414 31,017
Investments: 4 10,000,052 10,698,991
Total fixed assets: 10,023,466 10,730,008
Current assets
Debtors:   36,594 38,618
Cash at bank and in hand: 369,613 281,945
Investments: 5 6,242,310 4,877,564
Total current assets: 6,648,517 5,198,127
Creditors: amounts falling due within one year:   (1,276,859) (1,312,139)
Net current assets (liabilities): 5,371,658 3,885,988
Total assets less current liabilities: 15,395,124 14,615,996
Total net assets (liabilities): 15,395,124 14,615,996
Capital and reserves
Called up share capital: 5,302 5,302
Share premium account: 2,544,157 2,544,157
Revaluation reserve:64,334,6604,102,348
Profit and loss account: 8,511,005 7,964,189
Shareholders funds: 15,395,124 14,615,996

The notes form part of these financial statements

HAGEN DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 April 2025
and signed on behalf of the board by:

Name: Martin Keegan
Status: Director

The notes form part of these financial statements

HAGEN DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HAGEN DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

HAGEN DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 53,638
At 31 October 2024 53,638
Depreciation
At 01 November 2023 22,621
Charge for year 7,603
At 31 October 2024 30,224
Net book value
At 31 October 2024 23,414
At 31 October 2023 31,017

HAGEN DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Fixed investments

Investment Property was valued on an open market basis on 31 October 2024 by the directors .

HAGEN DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Current investments

Market value of listed investments at 31 October 2024 £6242310 (2023 £4877564)

HAGEN DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Revaluation reserve

2024
£
Balance at 01 November 2023 4,102,348
Surplus or deficit after revaluation 232,312
Balance at 31 October 2024 4,334,660