REGISTERED NUMBER: 01291276 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HARTWOOD ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A F Finlay

S A Finlay-Marsh

SECRETARY:

J M Finlay

REGISTERED OFFICE:

Matlock Farm Park

Jaggers Lane

Matlock

Derbyshire

DE4 5LH

REGISTERED NUMBER:

01291276 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Tangible assets

4

95,697

105,793

Investments

5

100

100

Investment property

6

1,219,998

1,139,998

1,315,795

1,245,891

CURRENT ASSETS

Stocks

3,651,568

3,474,231

Debtors

7

959,819

1,032,116

Cash at bank and in hand

125,639

3,745

4,737,026

4,510,092

CREDITORS

Amounts falling due within one year

8

1,414,424

489,119

NET CURRENT ASSETS

3,322,602

4,020,973

TOTAL ASSETS LESS CURRENT LIABILITIES

4,638,397

5,266,864

CREDITORS

Amounts falling due after more than one year

9

(563,884

)

(1,426,725

)

PROVISIONS FOR LIABILITIES

(82,731

)

(83,157

)

NET ASSETS

3,991,782

3,756,982

CAPITAL AND RESERVES

Called up share capital

120,667

120,667

Non distributable reserves

11

271,264

319,772

Retained earnings

3,599,851

3,316,543

SHAREHOLDERS' FUNDS

3,991,782

3,756,982

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 24 September 2025 and were signed on its behalf by:

A F Finlay - Director

1.	STATUTORY INFORMATION

Hartwood Estates 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.

Preparation of consolidated financial statements

The financial statements contain information about Hartwood Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

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

Tangible assets are categorised as investment property where the intention of holding the property is to earn rentals or capital appreciation. Acquisitions made for the purpose of development and resale are categorised as work in progress.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

276,041

DEPRECIATION

At 1 January 2024

170,248

Charge for year

10,096

At 31 December 2024

180,344

NET BOOK VALUE

At 31 December 2024

95,697

At 31 December 2023

105,793

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,139,998

Additions

266,535

Disposals

(220,000

)

Revaluations

33,465

At 31 December 2024

1,219,998

NET BOOK VALUE

At 31 December 2024

1,219,998

At 31 December 2023

1,139,998

The investment properties stand at a fair value of £1,219,998 (2023 : £1,139,998). The cost was £849,117 (2023 : £720,609).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

67,618

74,383

Amounts owed by group undertakings

399,682

444,278

Other debtors

492,519

513,455

959,819

1,032,116

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

1,104,107

258,078

Hire purchase contracts

4,697

2,949

Trade creditors

41,212

40,401

Tax

63,948

7,712

Social security and other taxes

2,883

2,387

VAT

21,556

2,263

Other creditors

46,978

47,304

Directors' loan accounts

18,000

18,000

Accruals and deferred income

111,043

110,025

1,414,424

489,119

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans falling due between two to five years

518,995

1,377,139

Hire purchase contracts

44,889

49,586

563,884

1,426,725

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

-

128,971

Bank loans

1,623,102

1,506,246

1,623,102

1,635,217

11.

RESERVES

Non

distributable

reserves

£

At 1 January 2024

319,772

Revaluation in the year

33,465

Adjustment on disposal

(81,973

)

At 31 December 2024

271,264

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A F Finlay

Balance outstanding at start of year

2,000

3,549

Amounts advanced

74,048

2,000

Amounts repaid

(36,656

)

(3,549

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,392

2,000

S A Finlay-Marsh

Balance outstanding at start of year

(18,000

)

-

Amounts advanced

24,000

6,000

Amounts repaid

(24,000

)

(24,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(18,000

)

(18,000

)

The directors' loans are repayable under no specific terms. Interest is not charged on these balances.

13.	RELATED PARTY DISCLOSURES

At the year end an amount of £45,000 (2023 : £45,000) was due to a settlement in which the directors have an interest.The loan is interest free and repayable under no specific terms.