Company No: 09539951 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G N Hautot
	P G Hautot

REGISTERED OFFICE	Centenary House Peninsula Park
	Rydon Lane
	Exeter
	EX2 7XE
	United Kingdom

BUSINESS ADDRESS	Hillcrest
	Higher Trencreek
	Newquay
	TR8 4NN

COMPANY NUMBER

09539951 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Lowin House
	Tregolls Road
	Truro
	Cornwall TR1 2NA

	Note	2022		2021
		£		£
Current assets
Stocks	3	6,565,701		6,564,989
Cash at bank and in hand		40,994		41,802
		6,606,695		6,606,791
Creditors: amounts falling due within one year	4	( 425,415)		( 424,001)
Net current assets		6,181,280		6,182,790
Total assets less current liabilities		6,181,280		6,182,790
Net assets		6,181,280		6,182,790
Capital and reserves
Called-up share capital	5	6,250,001		6,250,001
Profit and loss account		( 68,721 )		( 67,211 )
Total shareholder's funds		6,181,280		6,182,790

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hautot Developments Limited (registered number: 09539951) were approved and authorised for issue by the Board of Directors on 26 September 2023. They were signed on its behalf by:

G N Hautot Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hautot Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Hillcrest, Higher Trencreek, Newquay, TR8 4NN.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Creditors includes a loan of £372,464 from the group company, Hautot Limited. The company is reliant on the ongoing support of Hautot Limited and the directors have confirmed that this support will remain in place for the foreseeable future.

Taxation

Current tax
Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Stocks

	2022		2021
	£		£
Work in progress	6,565,701		6,564,989

4. Creditors: amounts falling due within one year

	2022		2021
	£		£
Amounts owed to directors	51,550		51,550
Accruals	1,401		1,400
Other creditors	372,464		371,051
	425,415		424,001

5. Called-up share capital

	2022		2021
	£		£
Allotted, called-up and fully-paid
6,250,001 Ordinary shares of £ 1.00 each	6,250,001		6,250,001

6. Related party transactions

Transactions with the entity's directors

	2022		2021
	£		£
Director loan account	51,550		51,550

The above loan is interest free.

Other related party transactions

	2022		2021
	£		£
Hautot Limited Intercompany Loan	372,464		371,051

The above loan is interest free.