| Herriard Developments Limited |
| Registered Number:02026636 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Herriard Developments Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Herriard Developments Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
669,106
1,050,600
2
669,106
1,050,600
| Trade and other receivables |
252,236
650,000
3
17,432
| Cash and cash equivalents |
48,463
698,463
269,668
| Trade and other payables: amounts falling due within one |
| year |
(16,525)
(21,139)
4
253,143
677,324
Net current assets
| Total assets less current liabilities |
1,346,430
1,303,743
(9,395)
(9,490)
| Provisions for liabilities |
1,337,035
Net assets
1,294,253
2
2
323,295
323,295
5
1,013,738
970,956
1,337,035
1,294,253
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 30 October 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Herriard Developments Limited
Notes to the Financial Statements
Statutory Information
| Herriard Developments Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 02026636. |
| Principal place of business: |
Manor House Farm
Ibberton
Blandford Forum
Dorset
DT11 0EN
27 City Business Centre
Hyde Street
Winchester
Hampshire
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Investment property
| Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
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. |
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For the year ended 31 March 2025
Herriard Developments Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
1,087,670
22,461
15,209
1,050,000
(22,461)
-
(380,994)
(403,455)
669,006
15,209
-
684,215
| Provision for depreciation and impairment |
37,070
21,961
15,109
-
(21,961)
(21,961)
-
-
15,109
-
15,109
-
669,006
100
-
669,106
1,050,000
100
500
1,050,600
| 3. Trade and other receivables |
2024
2025
-
2,236
650,000
250,000
252,236
650,000
| The debtors above include the following amounts falling due after more than one year: |
650,000
250,000
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
| Taxation and social security |
15,846
13,208
5,293
3,317
21,139
16,525
| Revaluation reserve at 01 April 2024 |
323,295
323,295
| Revaluation reserve at 31 March 2025 |
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For the year ended 31 March 2025
Herriard Developments Limited
Notes to the Financial Statements Continued
| 6. Related party transactions |
| During the year an investment property was sold to one of the Director's children and their partner at open market |
| value. At the same time a loan was advanced on this transaction at a commercial rate of interest. The total of loans |
| in which the Director's children and their partners have an interest in is £650,000. |
| 7. Average number of persons employed |
During the year the average number of employees was 3 (2024 : 3)
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