Hayden Wealth Ltd - Accounts to registrar (filleted) - small 18.2
Hayden Wealth Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Period 1 May 2021 to 31 December 2021 |
| for |
| Hayden Wealth Ltd |
| Hayden Wealth Ltd (Registered number: 11306390) |
| Contents of the Financial Statements |
| for the Period 1 May 2021 to 31 December 2021 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 5 |
| Hayden Wealth Ltd |
| Company Information |
| for the Period 1 May 2021 to 31 December 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Endeavour House |
| 78 Stafford Road |
| Wallington |
| Surrey |
| SM6 9AY |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Hayden Wealth Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hayden Wealth Ltd for the period ended 31 December 2021 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Hayden Wealth Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hayden Wealth Ltd and state those matters that we have agreed to state to the director of Hayden Wealth Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hayden Wealth Ltd and its director for our work or for this report. |
| It is your duty to ensure that Hayden Wealth Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hayden Wealth Ltd. You consider that Hayden Wealth Ltd is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Hayden Wealth Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Endeavour House |
| 78 Stafford Road |
| Wallington |
| Surrey |
| SM6 9AY |
| Hayden Wealth Ltd (Registered number: 11306390) |
| Statement of Financial Position |
| 31 December 2021 |
| 2021 | 2021 |
| Notes | £ | £ | £ | £ |
| CALLED UP SHARE CAPITAL NOT PAID |
| FIXED ASSETS |
| Tangible assets | 4 |
| 18,093 | 19,698 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Hayden Wealth Ltd (Registered number: 11306390) |
| Statement of Financial Position - continued |
| 31 December 2021 |
| 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 |
| Hayden Wealth Ltd (Registered number: 11306390) |
| Notes to the Financial Statements |
| for the Period 1 May 2021 to 31 December 2021 |
| 1. | STATUTORY INFORMATION |
| Hayden Wealth Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| As part of its business activity, the company receives significant inflows of funds on behalf of clients for whom it provides a fiduciary service. To the extent that such inflows and related payment out are in relation to clients monies, they are not recognised as the income or costs of the company in arriving at the end of year results. |
| Tangible fixed assets |
| Improvements to property | - |
| Taxation |
| Taxation for the period 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 period 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. |
| Hayden Wealth Ltd (Registered number: 11306390) |
| Notes to the Financial Statements - continued |
| for the Period 1 May 2021 to 31 December 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2021 - |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| to |
| property |
| £ |
| COST |
| At 1 May 2021 |
| and 31 December 2021 |
| DEPRECIATION |
| At 1 May 2021 |
| Charge for period |
| At 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 30 April 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 165,699 | 199,597 |
| Other debtors |
| Directors' current accounts | 18,598 | 25,243 |
| Corporation tax |
| Hayden Wealth Ltd (Registered number: 11306390) |
| Notes to the Financial Statements - continued |
| for the Period 1 May 2021 to 31 December 2021 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to participating interests | 7,948 | - |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2021 |
| £ | £ |
| Bank loans - 2-5 years |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 31 December 2021 and the year ended 30 April 2021: |
| 2021 | 2021 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 9. | RELATED PARTY DISCLOSURES |
| The director, M Slater, is also a director and shareholder in the following companies; Pay U Online Ltd, Independent Doc Management Ltd, Udial Ltd and Dando Engineering Ltd. |
| As the balance sheet date the company was owed £105,788 (2021: £112,719) from Pay U Online Ltd, £54,564 (2021: £86,878) from Independent Doc Management Ltd, £5,346 (2021 : £Nil) from Udial Ltd |
| The company owed £7,948 (2021 : £Nil) to Dando Engineering Ltd. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |