COMPANY REGISTRATION NUMBER:
13321831
Filleted Unaudited Financial Statements
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Statement of Financial Position
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30 April 2022
Current assets
Debtors
|
5
|
100
|
Cash at bank and in hand
|
3,724
|
|
-------
|
|
3,824
|
|
|
|
Creditors: amounts falling due within one year
|
6
|
(
4,030)
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|
-------
|
Net current liabilities
|
(
206)
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|
----
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Total assets less current liabilities
|
(
206)
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|
----
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Net liabilities
|
(
206)
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|
----
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|
|
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Capital and reserves
Called up share capital
|
100
|
Profit and loss account
|
(
306)
|
|
----
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Shareholders deficit
|
(
206)
|
|
----
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
5 January 2023
, and are signed on behalf of the board by:
Company registration number:
13321831
Notes to the Financial Statements
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Period from 8 April 2021 to 30 April 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fourth Floor Shand House, 14-20 Shand Street, London, SE1 2ES, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
.
5.
Debtors
|
30 Apr 22
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£
|
Other debtors
|
100
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----
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6.
Creditors:
amounts falling due within one year
|
30 Apr 22
|
|
£
|
Trade creditors
|
144
|
Social security and other taxes
|
1,386
|
Other creditors
|
2,500
|
|
-------
|
|
4,030
|
|
-------
|
|
|
7.
Related party transactions
During the period Hadley LLW Ltd received fees of £
7,500
from Hadley Goodmayes LLP
. No amounts were outstanding at the period end. Hadley Goodmayes LLP is partially comprised of key management personnel of Hadley Property Group Holdings Ltd which is the ultimate parent of Hadley LLW Ltd.
8.
Controlling party
The company's immediate parent company is
Hadley DM Services Ltd
, a company incorporated in England and Wales under company number 09067599. The company's ultimate parent company is Hadley Property Group Holdings Limited
, a company incorporated in England and Wales under company number 10537368. Hadley Property Group Holdings Limited is the largest and smallest group to prepare consolidated accounts in which the results of the company are included. Hadley Property Group Holdings Limited is not under the control of any other entity or individual.