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Company Registration No. 10584002 (England and Wales)
Hornets Nest Ltd Unaudited accounts for the year ended 31 March 2026
Hornets Nest Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Hornets Nest Ltd Company Information for the year ended 31 March 2026
Directors
M Dempsey S Dempsey
Company Number
10584002 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE CROXLEY GREEN RICKMANSWORTH HERTS WD3 3LT UNITED KINGDOM
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
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Hornets Nest Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
1
1
Investment property
5
293,882
293,882
293,883
293,883
Current assets
Cash at bank and in hand
6,247
6,562
Creditors: amounts falling due within one year
6
(237,146)
(188,207)
Net current liabilities
(230,899)
(181,645)
Total assets less current liabilities
62,984
112,238
Creditors: amounts falling due after more than one year
7
(15,065)
(71,407)
Net assets
47,919
40,831
Capital and reserves
Called up share capital
100
100
Profit and loss account
47,819
40,731
Shareholders' funds
47,919
40,831
For the year ending 31 March 2026 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by
M Dempsey Director Company Registration No. 10584002
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Hornets Nest Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Hornets Nest Ltd is a private company, limited by shares, registered in England and Wales, registration number 10584002. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rental income from investment property.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% redicing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Going concern
These financial statements have been prepared on a going concern basis.
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Hornets Nest Ltd Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2025
1,500
At 31 March 2026
1,500
Depreciation
At 1 April 2025
1,499
At 31 March 2026
1,499
Net book value
At 31 March 2026
1
At 31 March 2025
1
5
Investment property
2026
£
Fair value at 1 April 2025
293,882
At 31 March 2026
293,882
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
24,429
25,008
Taxes and social security
1,663
1,464
Loans from directors
211,054
161,735
237,146
188,207
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
15,065
71,407
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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