Registered number
04791252
Hay Hill Estates Ltd
Filleted Accounts
30 November 2024
Hay Hill Estates Ltd
Registered number: 04791252
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 13,087 22,237
Tangible assets 4 56,613 172,879
Investments 5 - 120,000
69,700 315,116
Current assets
Stocks 13,663 6,448
Debtors 6 39,000 39,000
Cash at bank and in hand 315,498 51,861
368,161 97,309
Creditors: amounts falling due within one year 7 (47,803) (30,872)
Net current assets 320,358 66,437
Net assets 390,058 381,553
Capital and reserves
Called up share capital 103 103
Profit and loss account 389,955 381,450
Shareholders' funds 390,058 381,553
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Jones
Director
Approved by the board on 21 August 2025
Hay Hill Estates Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 184,744
At 30 November 2024 184,744
Amortisation
At 1 December 2023 162,507
Provided during the year 9,150
At 30 November 2024 171,657
Net book value
At 30 November 2024 13,087
At 30 November 2023 22,237
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 138,887 283,447 23,790 446,124
Disposals (100,000) (6,671) (23,790) (130,461)
At 30 November 2024 38,887 276,776 - 315,663
Depreciation
At 1 December 2023 - 259,490 13,755 273,245
Charge for the year - 5,941 - 5,941
On disposals - (6,381) (13,755) (20,136)
At 30 November 2024 - 259,050 - 259,050
Net book value
At 30 November 2024 38,887 17,726 - 56,613
At 30 November 2023 138,887 23,957 10,035 172,879
5 Investments
Other
investments
£
Cost
At 1 December 2023 120,000
Disposals (120,000)
At 30 November 2024 -
6 Debtors 2024 2023
£ £
Other debtors 39,000 39,000
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,638 25,986
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9,562 -
Taxation and social security costs 19,544 4,882
Other creditors 11,059 4
47,803 30,872
8 Other information
Hay Hill Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Forge House
18 Morgan Street
Pontypridd
CF37 2DS
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