Hazledene (Strawberrybank) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC292314 (Scotland)

Financial Statements for the Year Ended 31 December 2022

for

Hazledene (Strawberrybank) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M D Shaw

SECRETARY:

Dr N Baille

REGISTERED OFFICE:

The Ca'd'ora

45 Gordon Street

Glasgow

G1 3PE

REGISTERED NUMBER:

SC292314 (Scotland)

ACCOUNTANTS:

AR Accountancy

Chartered Accountants

3 Holmwood Park

Crossford

Lanarkshire

ML8 5SZ

SOLICITORS:

Harper Macleod LLP

The Ca'd'ora

45 Gordon Street

Glasgow

G1 3PE

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Debtors

5

1,000

1,000

Cash at bank

83

83

1,083

1,083

CREDITORS

Amounts falling due within one year

6

2,419

1,112

NET CURRENT LIABILITIES

(1,336

)

(29

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,335

)

(28

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,435

)

(128

)

SHAREHOLDERS' FUNDS

(1,335

)

(28

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 September 2023 and were signed by:

M D Shaw - Director

1.	STATUTORY INFORMATION

Hazledene (Strawberrybank) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to meet its obligations as they fall due for at least 12 months from the date of approval of the financial statements. During the year the company made a loss of £1,307 and had net liabilities of £1,335 at the year end.

The director recognises that the company relies on the financial support provided by Hazledene Group Limited, the company's parent undertaking. Hazledene Group Limited has confirmed that it will continue to support the company for a period not less than 12 months from the date of the approval of these financial statements. Accordingly, the director considers that it is appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Hazledene (Strawberrybank) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Significant judgements and estimates

Preparation of financial statements requires management to make significant judgements and estimates. There are no items in the financial statements where estimates have been made. The carrying value of the amounts due from related parties involved significant judgement. It has been determined to continue to provide fully against the amounts due from all related parties.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2022

and 31 December 2022

1

NET BOOK VALUE

At 31 December 2022

1

At 31 December 2021

1

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Hazledene Strawberrybank (Hotel) Limited

Registered office: Scotland

Nature of business: Hotel operator

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by participating interests

900

900

Other debtors

100

100

1,000

1,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

334

-

Amounts owed to group undertakings

973

-

Other creditors

1,112

1,112

2,419

1,112

7.	RELATED PARTY DISCLOSURES

Hazledene Group Limited

Parent undertaking

Hazledene Group Limited has advanced funds during the year of £973 (2021 £nil). This includes interest of £16 (2021 £nil). Interest is applied quarterly at 3% above base rate.

2022

2021

£

£

Amount due to related party at the balance sheet date

973

-

Mark Shaw is a director of Hazledene Group Limited.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Hazledene Group Limited.

The ultimate controlling party is M D Shaw.