Hayland Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01579896 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

HAYLAND PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Haywood

REGISTERED OFFICE:

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

REGISTERED NUMBER:

01579896 (England and Wales)

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Tangible assets

4

1,231

722

Investment property

5

9,590,000

9,165,000

9,591,231

9,165,722

CURRENT ASSETS

Debtors

6

8,437

29,822

Prepayments and accrued income

1,641

90,728

Cash at bank

18,259

71,323

28,337

191,873

CREDITORS

Amounts falling due within one year

7

1,615,468

2,214,392

NET CURRENT LIABILITIES

(1,587,131

)

(2,022,519

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,004,100

7,143,203

CREDITORS

Amounts falling due after more than one
year

8

(5,482,578

)

(3,991,771

)

PROVISIONS FOR LIABILITIES

(766,668

)

(766,668

)

NET ASSETS

1,754,854

2,384,764

CAPITAL AND RESERVES

Called up share capital

10

1,000

Non-distributable reserves

1,722,914

2,193,235

Retained earnings

30,940

190,529

SHAREHOLDERS' FUNDS

1,754,854

2,384,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 November 2025 and were signed by:

G Haywood - Director

1.	STATUTORY INFORMATION

Hayland Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 rental income receivable on investment properties, net of discounts and VAT.

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

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.

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

1,396

Additions

916

At 28 February 2025

2,312

DEPRECIATION

At 1 March 2024

674

Charge for year

407

At 28 February 2025

1,081

NET BOOK VALUE

At 28 February 2025

1,231

At 29 February 2024

722

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

9,165,000

Additions

1,007,683

Revaluations

(582,683

)

At 28 February 2025

9,590,000

NET BOOK VALUE

At 28 February 2025

9,590,000

At 29 February 2024

9,165,000

Included in fair value of investment property is freehold land of £ 81,000 (2024 - £ 81,000 ) which is not depreciated.

Fair value at 28 February 2025 is represented by:

£

Valuation in 2025

2,344,910

Cost

7,245,090

9,590,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

7,245,090

6,205,079

Investment property was valued on an open market basis on 28 February 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

6,166

9,150

Other debtors

2,271

6,606

VAT

-

14,066

8,437

29,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

70,751

806,534

Trade creditors

55,804

247,905

Social security and other taxes

-

46,946

VAT

19,619

-

Other creditors

583,767

623,272

Directors' current accounts

821,015

370,207

Accruals and deferred income

64,512

119,528

1,615,468

2,214,392

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

1,631,289

74,163

Bank loans - 2-5 years

1,688,930

1,720,288

Bank loans more 5 yr

2,162,359

2,197,320

5,482,578

3,991,771

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

2,162,359

2,197,320

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank Loans

5,535,111

4,770,033

The bank loans are secured by fixed and floating charges against the company's investment properties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

200

Ordinary A

£1

200

Ordinary B

£1

200

300

Ordinary C

£1

300

Ordinary D

£1

300

1,000

11.	ULTIMATE CONTROLLING PARTY

The directors have confirmed that the company has no ultimate controlling party.