HES Estate Management Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09531224 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

HES ESTATE MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D N Harvey

G S Derriman

S E Palmer

REGISTERED OFFICE:

2 Chartland House

Old Station Approach

Leatherhead

Surrey

KT22 7TE

REGISTERED NUMBER:

09531224 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

132,944

183,806

CURRENT ASSETS

Debtors

5

469,186

443,510

Cash at bank and in hand

352,843

298,319

822,029

741,829

CREDITORS

Amounts falling due within one year

6

220,580

209,251

NET CURRENT ASSETS

601,449

532,578

TOTAL ASSETS LESS CURRENT LIABILITIES

734,393

716,384

CREDITORS

Amounts falling due after more than one year

7

(74,730

)

(163,700

)

PROVISIONS FOR LIABILITIES

(3,450

)

(5,592

)

NET ASSETS

656,213

547,092

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

655,213

546,092

SHAREHOLDERS' FUNDS

656,213

547,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 1 February 2023 and were signed on its behalf by:

D N Harvey - Director

1.	STATUTORY INFORMATION

HES Estate Management 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services, excluding discounts, rebates, value added tax.

Turnover is recognised in the period that services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33.33% on cost and 20% on cost

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 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.

Leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 27 (2021 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

246,221

Additions

3,455

At 30 April 2022

249,676

DEPRECIATION

At 1 May 2021

62,415

Charge for year

54,317

At 30 April 2022

116,732

NET BOOK VALUE

At 30 April 2022

132,944

At 30 April 2021

183,806

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

195,117

DEPRECIATION

At 1 May 2021

43,089

Charge for year

39,023

At 30 April 2022

82,112

NET BOOK VALUE

At 30 April 2022

113,005

At 30 April 2021

152,028

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

5,323

15,293

Amounts owed by group undertakings

434,987

390,802

Other debtors

28,876

37,415

469,186

443,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Finance leases (see note 8)

38,970

38,970

Trade creditors

3,795

3,621

Taxation and social security

156,016

143,070

Other creditors

21,799

23,590

220,580

209,251

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans

-

50,000

Finance leases (see note 8)

74,730

113,700

74,730

163,700

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

10,000

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

30.4.22

30.4.21

£

£

Net obligations repayable:

Within one year

38,970

38,970

Between one and five years

74,730

113,700

113,700

152,670

Non-cancellable operating

leases

30.4.22

30.4.21

£

£

Within one year

7,500

18,000

Between one and five years

-

7,500

7,500

25,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2022 and 30 April 2021:

30.4.22

30.4.21

£

£

Director

Balance outstanding at start of year

-

950

Amounts repaid

-

(950

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Director

Balance outstanding at start of year

-

(1,143

)

Amounts advanced

-

1,143

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Director

Balance outstanding at start of year

12,798

450

Amounts advanced

-

12,348

Amounts repaid

(12,798

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

12,798

The loans are interest free.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £434,987 (2021 - £390,802) from HES Estate Services Limited. This loan is interest free.

12.	PARENT COMPANY.

The immediate and ultimate parent company is HES Estate Services Limited, a company registered in England and Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not prepared because the group qualifies as a small group.