| Hems Orchard Limited |
| Registered number: |
10756499 |
| Balance Sheet |
| as at 31 December 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
193,953 |
|
|
198,953 |
| Investments |
4 |
|
|
479,060 |
|
|
550,000 |
|
|
|
|
673,013 |
|
|
748,953 |
|
| Current assets |
| Debtors |
5 |
|
1,200 |
|
|
- |
| Cash at bank and in hand |
|
|
20,116 |
|
|
32,293 |
|
|
|
21,316 |
|
|
32,293 |
|
| Creditors: amounts falling due within one year |
7 |
|
(5,609) |
|
|
(4,900) |
|
| Net current assets |
|
|
|
15,707 |
|
|
27,393 |
|
| Total assets less current liabilities |
|
|
|
688,720 |
|
|
776,346 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(112,385) |
|
|
(117,221) |
|
|
|
| Net assets |
|
|
|
576,335 |
|
|
659,125 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
500 |
|
|
500 |
| Profit and loss account |
|
|
|
575,835 |
|
|
658,625 |
|
| Shareholders' funds |
|
|
|
576,335 |
|
|
659,125 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Simon Quaintance |
| Director |
| Approved by the board on 31 May 2023 |
|
| Hems Orchard Limited |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of consideration received or receivable for work carried out in respect of services provided to customers, net of returns, discounts and rebates. All turnover relates to activities within the UK. |
|
|
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. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. During the year the company sold it's shareholding in Grove Homes (Devon) Ltd and Groves Homes (Southern Ltd, realising a gain on disposal of £500,500 |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Investment property |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2022 |
178,953 |
|
24,000 |
|
202,953 |
|
At 31 December 2022 |
178,953 |
|
24,000 |
|
202,953 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2022 |
- |
|
4,000 |
|
4,000 |
|
Charge for the year |
- |
|
5,000 |
|
5,000 |
|
At 31 December 2022 |
- |
|
9,000 |
|
9,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
178,953 |
|
15,000 |
|
193,953 |
|
At 31 December 2021 |
178,953 |
|
20,000 |
|
198,953 |
|
| 4 |
Investments |
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2022 |
550,000 |
|
Revaluation |
(70,940) |
|
|
At 31 December 2022 |
479,060 |
|
|
| 5 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
1,200 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Investments held as current assets |
2022 |
|
2021 |
| £ |
£ |
|
Fair value |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Unlisted investments |
(66,424) |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans and overdrafts |
5,209 |
|
4,465 |
|
Trade creditors |
400 |
|
435 |
|
|
|
|
|
|
5,609 |
|
4,900 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans |
112,385 |
|
117,221 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Hems Orchard Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
6 Radfords Orchard |
|
Broadhempston |
|
Totnes |
|
Devon |
|
TQ9 6BD |
