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REGISTERED NUMBER: 11804403 (England and Wales)















Financial Statements for the Year Ended 28 February 2022

for

HFC Property Ltd

HFC Property Ltd (Registered number: 11804403)

Contents of the Financial Statements
for the Year Ended 28 February 2022










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


HFC Property Ltd (Registered number: 11804403)

Abridged Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,000 513,065

CURRENT ASSETS
Debtors 1,116 618
Cash at bank 6,076 8,532
7,192 9,150
CREDITORS
Amounts falling due within one year 16,930 14,551
NET CURRENT LIABILITIES (9,738 ) (5,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,262

507,664

CREDITORS
Amounts falling due after more than one
year

547,403

555,025
NET LIABILITIES (66,141 ) (47,361 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (66,143 ) (47,363 )
SHAREHOLDERS' FUNDS (66,141 ) (47,361 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

HFC Property Ltd (Registered number: 11804403)

Abridged Balance Sheet - continued
28 February 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2022 and were signed on its behalf by:




R M L Colville - Director



K E Colville - Director


HFC Property Ltd (Registered number: 11804403)

Notes to the Financial Statements
for the Year Ended 28 February 2022


1. STATUTORY INFORMATION

HFC Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11804403

Registered office: Office 1, Orchard House
Tugby Orchards
Wood Lane
Tugby
Leicestershire
LE7 9WE

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.

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 each asset over its estimated useful life.
Land and buildings - in accordance with the property

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.

HFC Property Ltd (Registered number: 11804403)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 2 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021
and 28 February 2022 551,625
DEPRECIATION
At 1 March 2021 38,560
Charge for year 22,065
At 28 February 2022 60,625
NET BOOK VALUE
At 28 February 2022 491,000
At 28 February 2021 513,065

5. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 398,988 -

Bank loans and mortgages are secured on the property to which they relate.