Hardwick Dene Ltd - Accounts to registrar (filleted) - small 23.2.5
Hardwick Dene Ltd - Accounts to registrar (filleted) - small 23.2.5
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
HARDWICK DENE LTD |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Contents of the Financial Statements |
for the year ended 31 March 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
HARDWICK DENE LTD |
Company Information |
for the year ended 31 March 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Juniper House |
Warley Hill Business Park |
The Drive |
Brentwood |
Essex |
CM13 3BE |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Statement of Financial Position |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Provisions for liabilities | 11 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 12 |
Retained earnings |
Shareholders' funds |
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. |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Statement of Financial Position - continued |
31 March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Notes to the Financial Statements |
for the year ended 31 March 2023 |
1. | Statutory information |
Hardwick Dene 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 represents the charges made to residents for care and related services. Such charges are exempt for VAT purposes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
2. | Accounting policies - continued |
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 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 |
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. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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 |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 April 2022 |
and 31 March 2023 |
Amortisation |
At 1 April 2022 |
Amortisation for year |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
5. | Tangible fixed assets |
Fixtures |
Freehold | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 April 2022 |
Additions |
At 31 March 2023 |
Depreciation |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
The directors carried out their annual review of the company's assets. They considered whether there were any adverse market or legal changes which could materially reduce the likely recoverable value of the property, or whether there was any evidence of physical deterioration or damage advised by any appraisers or professional consultants. |
Having considered the facts, the directors are of the opinion that the potential residual value of the property will not be less than the values as shown in the company's accounts and as such depreciation should not be charged against the company's freehold property. |
6. | Debtors |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
8. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,239,116 | 1,279,949 |
9. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
10. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
The company has provided security to its bankers, Barclays Bank PLC, by way of a negative pledge. This security is provided in respect of any monies due to the bank. |
11. | Provisions for liabilities |
2023 | 2022 |
£ | £ |
Deferred tax | 10,963 | 9,235 |
Deferred |
tax |
£ |
Balance at 1 April 2022 |
Provided during year |
Balance at 31 March 2023 |
12. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 3 | 3 |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
13. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
14. | Related party disclosures |
The company has provided security to the bankers of the below companies under common control |
Milton Lodge Limited |
Chalkney House Limited |
Sohal Healthcare Limited |
Hazeldell Limited |
The bankers are Barclays Bank PLC, and security has been provided by way of a negative pledge. This security is provided in respect of any monies due to the bank. |
Milton Lodge Limited |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due from related party at the balance sheet date | 206,957 | 206,957 |
The loan is interest free and is repayable in 53 weeks. |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
14. | Related party disclosures - continued |
Hazeldell Ltd |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due from related party at the balance sheet date | 452,080 | 452,080 |
The loan is interest free and is repayable in 53 weeks. |
Brook House Health Ltd |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due from related party at the balance sheet date | 126,833 | 126,833 |
The loan is interest free and is repayable in 53 weeks. |
JK Healthcare Ltd |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due from related party at the balance sheet date | - | 44,539 |
The loan is interest free and is repayable in 53 weeks. |
Sohal Healthcare Limited |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due to related party at the balance sheet date | 250,105 | 171,605 |
The loan is interest free and is repayable in 53 weeks. |
Oak Health UK Ltd |
Mrs Sohal is a 50% shareholder of the company. |
2023 | 2022 |
£ | £ |
Amount due from related party at the balance sheet date | 159,953 | 159,953 |
The loan is interest free and is repayable in 53 weeks. |
HARDWICK DENE LTD (REGISTERED NUMBER: 09166794) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
14. | Related party disclosures - continued |
Maple Healthcare Limited |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due from related party at the balance sheet date | 41,743 | 41,743 |
The loan is interest free and is repayable in 53 weeks. |
The Willows Ipswich Limited |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due to related party at the balance sheet date | 8,450 | 450 |
The loan is interest free and is repayable in 53 weeks. |
JKS Developments Ltd |
A company under common control. |
2023 | 2022 |
£ | £ |
Amount due from related party at the balance sheet date | 765,200 | 487,000 |
The loan is interest free and is repayable in 53 weeks. |