Hedgerow Publishing Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02303616 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hedgerow Publishing Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr Edward Tyzack John Hunt

Mr Jonathan Charles Vivian Hunt

SECRETARY:

Mr Jonathan Charles Vivian Hunt

REGISTERED OFFICE:

325 Abbeydale Road

Sheffield

South Yorkshire

S7 1FS

REGISTERED NUMBER:

02303616 (England and Wales)

ACCOUNTANTS:

Landin Wilcock & Co

Chartered Accountants

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

BANKERS:

HSBC

Carmel House

49-63 Fargate

Sheffield

South Yorkshire

S1 2HD

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report 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 Hedgerow Publishing Limited for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of Hedgerow Publishing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hedgerow Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Hedgerow Publishing Limited, as a body, 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 Hedgerow Publishing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hedgerow Publishing Limited 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 loss of Hedgerow Publishing Limited. You consider that Hedgerow Publishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hedgerow Publishing Limited. 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.

Landin Wilcock & Co

Chartered Accountants

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

18 December 2023

FIXED ASSETS

Tangible assets

4

3,060

3,513

CURRENT ASSETS

Stocks

39,034

39,182

Debtors

5

6,317

3,030

Cash at bank

1,367

295

46,718

42,507

CREDITORS

Amounts falling due within one year

6

(14,487

)

(6,624

)

NET CURRENT ASSETS

32,231

35,883

TOTAL ASSETS LESS CURRENT LIABILITIES

35,291

39,396

CREDITORS

Amounts falling due after more than one year

7

(32,743

)

(32,256

)

NET ASSETS

2,548

7,140

CAPITAL AND RESERVES

Called up share capital

150,000

150,000

Retained earnings

(147,452

)

(142,860

)

2,548

7,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 18 December 2023 and were signed on its behalf by:

Mr Edward Tyzack John Hunt - Director

1.	STATUTORY INFORMATION

Hedgerow Publishing 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Government grants

Government grants that represent local authority grants received, which do not have any performance conditions attached and are designed to provide immediate financial support. These are recognised immediately once entitlement has been satisfied.

Government grants relating to revenue expenditure are recognised in income on a systematic basis over the period in which the company recognises the related costs to which the grant is intended to compensate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

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.

Going concern

The directors expect the company to continue trading for the foreseeable future, but this is subject to the continued support of the company's existing lenders and creditors.

No adjustments have been made to these accounts should the going concern basis of accounting prove to not be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2022

68,132

32,015

100,147

Additions

311

-

311

At 31 March 2023

68,443

32,015

100,458

DEPRECIATION

At 1 April 2022

65,033

31,601

96,634

Charge for year

681

83

764

At 31 March 2023

65,714

31,684

97,398

NET BOOK VALUE

At 31 March 2023

2,729

331

3,060

At 31 March 2022

3,099

414

3,513

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Trade debtors

5,180

1,893

Amounts owed by group undertakings

1,137

1,137

6,317

3,030

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Bank loans and overdrafts

640

1,431

Trade creditors

4,059

971

Taxation and social security

1,632

904

Other creditors

8,156

3,318

14,487

6,624

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/23

31/3/22

£

£

Bank loans

10,743

10,256

Redeemable preference shares

22,000

22,000

32,743

32,256

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,775

4,532

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/23

31/3/22

£

£

Within one year

500

500

The company had an 5 year lease term to rent the business premises, which expired on 10 September 2020, of which now continues to be a monthly rolling lease.

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/23

31/3/22

£

£

Bank loans

11,383

11,687

The bank loans represent a bounce bank loan and is not secured, but is guaranteed by the UK government.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Cleden Holdings Limited.