Company registration number 09952585 (England and Wales)
HEMSLEY ASSET MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HEMSLEY ASSET MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
A Fulton
A Fulton
Secretary
A Fulton
Company number
09952585
Registered office
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
Accountants
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
HEMSLEY ASSET MANAGEMENT LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
HEMSLEY ASSET MANAGEMENT LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF HEMSLEY ASSET MANAGEMENT LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hemsley Asset Management Limited for the year ended 30 September 2023, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of Hemsley Asset Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hemsley Asset Management Limited and state those matters that we have agreed to state to the board of directors of Hemsley Asset Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hemsley Asset Management Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Hemsley Asset Management Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Hemsley Asset Management 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 Hemsley Asset Management 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.
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
2 January 2024
HEMSLEY ASSET MANAGEMENT LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
2023
2022
£
£
£
£
Fixed assets
1,546,501
1,454,748
Current assets
91,025
107,570
Prepayments and accrued income
3,169
3,138
Creditors: amounts falling due within one year
(107,153)
(102,240)
Net current (liabilities)/assets
(12,959)
8,468
Total assets less current liabilities
1,533,542
1,463,216
Creditors: amounts falling due after more than one year
(1,255,125)
(1,238,593)
Accruals and deferred income
(23,719)
(23,482)
Net assets
254,698
201,141
Capital and reserves
254,698
201,141
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Transactions with directors
Amounts owed to directors at the balance sheet date was £1,355,125 (2022 - £1,338,593).
2
Financial commitments, guarantees and contingencies
Amounts not provided for in the balance sheet
The total amount of financial commitments in respect of operating leases not included in the balance sheet is £1,506,250 (2022 - £1,518,750).
Of this balance amounts due under 1 year are £12,500 (2022 - £12,500), within 2 to 5 years is £50,000 (2022 - £50,000), and over 5 years is £1,443,750 (2022 - £1,456,250). The lease maturity date is 31 March 2144.
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
HEMSLEY ASSET MANAGEMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2023
30 September 2023
- 3 -
Hemsley Asset Management Limited is a private company limited by shares incorporated in England and Wales.
For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 December 2023 and are signed on its behalf by:
..............................................
A Fulton
Director
Company registration number 09952585 (England and Wales)