REGISTERED NUMBER: 01011504 (England and Wales)

G.D.HARDY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

J G Hardy

G D Hardy

Mrs S S Taylor

R I Taylor

REGISTERED OFFICE:

Hawthorne House

Boltons Lane

Ingoldmells

Skegness

Lincolnshire

PE25 1JJ

REGISTERED NUMBER:

01011504 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

5,949,435

5,649,153

Investment property

5

300,000

300,000

6,249,435

5,949,153

CURRENT ASSETS

Valuation

772,670

700,339

Debtors

6

226,147

250,757

Cash at bank and in hand

1,520,584

1,283,695

2,519,401

2,234,791

CREDITORS

Amounts falling due within one year

7

1,904,612

1,656,521

NET CURRENT ASSETS

614,789

578,270

TOTAL ASSETS LESS CURRENT LIABILITIES

6,864,224

6,527,423

PROVISIONS FOR LIABILITIES

138,254

137,657

NET ASSETS

6,725,970

6,389,766

CAPITAL AND RESERVES

Called up share capital

8

600

600

Fair value reserve

9

72,009

72,009

Retained earnings

9

6,653,361

6,317,157

SHAREHOLDERS' FUNDS

6,725,970

6,389,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 9 September 2025 and were signed on its behalf by:

G D Hardy - Director

1.	STATUTORY INFORMATION

G.D.Hardy 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 fair value of consideration received for net invoiced sales of produce, site fees and caravan sales, excluding value added tax.

Sales of farming produce are recognised upon dispatch, revenue from the caravan site is recognised upon receipt and sales of caravans are recognised when the caravans are delivered to the customer.

Tangible fixed assets

Tangible fixed assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

- Nil

Site fixtures and facilities

- 5% on cost, 10% on cost and 10% on reducing balance

Tenants fixtures

- 5% on cost, 10% on cost and 10% on reducing balance

Plant and machinery

- 12.5% - 30% on reducing balance

Motor vehicles

- 25%% on reducing balance

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Stock

Stocks have been certified by a qualified valuer at the lower of cost and fair value less costs to complete and sell.

Caravans held in stock are goods for resale and are valued at the lower of cost and fair value less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statementt in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Site

fixtures

Freehold

and

Plant and

Motor

property

facilities

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

3,728,105

3,115,274

386,208

56,270

7,285,857

Additions

-

531,290

25,095

-

556,385

Disposals

-

-

(27,995

)

-

(27,995

)

At 31 December 2024

3,728,105

3,646,564

383,308

56,270

7,814,247

DEPRECIATION

At 1 January 2024

-

1,318,880

269,147

48,677

1,636,704

Charge for year

-

218,452

27,336

1,898

247,686

Eliminated on disposal

-

-

(19,578

)

-

(19,578

)

At 31 December 2024

-

1,537,332

276,905

50,575

1,864,812

NET BOOK VALUE

At 31 December 2024

3,728,105

2,109,232

106,403

5,695

5,949,435

At 31 December 2023

3,728,105

1,796,394

117,061

7,593

5,649,153

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

300,000

NET BOOK VALUE

At 31 December 2024

300,000

At 31 December 2023

300,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

26,011

Valuation in 2022

70,000

Cost

203,989

300,000

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

2024

2023

£

£

Cost

203,989

203,989

The directors have valued the investment property based on the value of similar properties that have recently sold in the area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

63,825

48,664

Amounts owed by group parties

141,957

152,794

VAT

-

12,267

Prepayments and accrued income

20,365

37,032

226,147

250,757

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

398,999

69,346

Amounts owed to group parties

217,763

201,763

Tax

94,323

106,394

Social security and other taxes

40,745

4,796

VAT

9,829

-

Director's current accounts

741,603

752,889

Accruals and deferred income

401,350

521,333

1,904,612

1,656,521

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

600

'A' Ordinary

£1

600

600

9.

RESERVES

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.