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REGISTERED NUMBER: NI013335 (Northern Ireland)















HAYES (PROPERTIES) LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2025






HAYES (PROPERTIES) LIMITED (REGISTERED NUMBER: NI013335)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


HAYES (PROPERTIES) LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Carol Hayes
Derek Hayes
James Hayes
Malcolm Hayes
Trevor Hayes





REGISTERED OFFICE: 15 Cabragh Road
Dungannon
Co. Tyrone
BT70 3AH





REGISTERED NUMBER: NI013335 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hayes (Properties) Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company for the year ended 31 January 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position as at 31 January 2025 your duty to ensure that the Company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


19 June 2025

HAYES (PROPERTIES) LIMITED (REGISTERED NUMBER: NI013335)

Statement of Financial Position
31 JANUARY 2025

2025 2024
Notes £ £
NON-CURRENT ASSETS
Tangible assets 5 3,796,337 3,732,985
Investment property 6 332,052 332,052
4,128,389 4,065,037

CURRENT ASSETS
Inventories 7 356,032 276,005
Receivables: amounts falling due within
one year

8

19,640

6,338
Cash at bank 37,349 2,242
413,021 284,585
PAYABLES
Amounts falling due within one year 9 (569,774 ) (576,149 )
NET CURRENT LIABILITIES (156,753 ) (291,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,971,636

3,773,473

PAYABLES
Amounts falling due after more than
one year

10

(231,196

)

(268,879

)

PROVISIONS FOR LIABILITIES 11 (71,289 ) (62,541 )
NET ASSETS 3,669,151 3,442,053

CAPITAL AND RESERVES
Called up share capital 12 2 2
Revaluation reserve 13 795,465 795,465
Retained earnings 2,873,684 2,646,586
SHAREHOLDERS' FUNDS 3,669,151 3,442,053

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HAYES (PROPERTIES) LIMITED (REGISTERED NUMBER: NI013335)

Statement of Financial Position - continued
31 JANUARY 2025


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 Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





James Hayes - Director


HAYES (PROPERTIES) LIMITED (REGISTERED NUMBER: NI013335)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Hayes (Properties) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue in respect of caravan sales is recognised upon the delivery of goods to the customer. Revenue in respect of property and site rentals is recognised upon the invoicing of rental amounts due.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold Nil
Plant and machinery 25% Reducing Balance
Motor vehicles 25% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuations use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in Income Statement.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.


HAYES (PROPERTIES) LIMITED (REGISTERED NUMBER: NI013335)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

3. ACCOUNTING POLICIES - continued
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks and bank
overdrafts. Bank overdrafts are shown within current liabilities.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST
At 1 February 2024 3,640,386 802,207 8,863 4,451,456
Additions 66,160 27,123 - 93,283
At 31 January 2025 3,706,546 829,330 8,863 4,544,739
DEPRECIATION
At 1 February 2024 - 712,796 5,675 718,471
Charge for year - 29,134 797 29,931
At 31 January 2025 - 741,930 6,472 748,402
NET BOOK VALUE
At 31 January 2025 3,706,546 87,400 2,391 3,796,337
At 31 January 2024 3,640,386 89,411 3,188 3,732,985

HAYES (PROPERTIES) LIMITED (REGISTERED NUMBER: NI013335)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2024
and 31 January 2025 332,052
NET BOOK VALUE
At 31 January 2025 332,052
At 31 January 2024 332,052

7. INVENTORIES
2025 2024
£ £
Inventories 356,032 276,005

8. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Prepayments and accrued income 19,640 6,338

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 57,252 53,110
Trade payables 57,638 57,140
Taxation and social security 110,333 114,530
Other payables 344,551 351,369
569,774 576,149

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2025 2024
£ £
Bank loans 231,196 268,879

11. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 71,289 62,541

Deferred tax
£
Balance at 1 February 2024 62,541
Provided during year 8,748
Balance at 31 January 2025 71,289

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2 Ordinary 2 2 2

HAYES (PROPERTIES) LIMITED (REGISTERED NUMBER: NI013335)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

13. RESERVES
Revaluation
reserve
£
At 1 February 2024
and 31 January 2025 795,465

14. RELATED PARTY TRANSACTIONS

At the year end an amount of £26,946 (2024 - £86,946) was owed to the directors from the company.