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REGISTERED NUMBER: 00638768 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HOWBERRY PROPERTY INVESTMENT CO. LIMITED

HOWBERRY PROPERTY INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00638768)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOWBERRY PROPERTY INVESTMENT CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R Fellerman
J M Steiner





REGISTERED OFFICE: 107 Bell Street
London
NW1 6TL





REGISTERED NUMBER: 00638768 (England and Wales)

HOWBERRY PROPERTY INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00638768)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,440,100 2,440,100

CURRENT ASSETS
Debtors 5 4,504 32,493
Investments 6 150,655 176,765
Cash at bank 116,179 27,968
271,338 237,226
CREDITORS
Amounts falling due within one year 7 94,240 77,979
NET CURRENT ASSETS 177,098 159,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,617,198

2,599,347

CAPITAL AND RESERVES
Called up share capital 510,000 510,000
Revaluation reserve 8 1,641,100 1,641,100
Fair value reserve 8 2,452 28,562
Retained earnings 8 463,646 419,685
SHAREHOLDERS' FUNDS 2,617,198 2,599,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:




R Fellerman - Director


HOWBERRY PROPERTY INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00638768)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Howberry Property Investment Co. Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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.
Freehold property - not provided

Investments
Investments in shares are included at fair value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HOWBERRY PROPERTY INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00638768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 2,440,100
NET BOOK VALUE
At 31 March 2023 2,440,100
At 31 March 2022 2,440,100

Cost or valuation at 31 March 2023 is represented by:

Freehold
property
£   
Valuation in 2018 2,148,100
Cost 292,000
2,440,100

Freehold properties were valued on an open market basis on 31 March 2018 by the directors .

The revaluation total is based from 2002 to 2018, a total of £2,148,100.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Rents due 4,504 32,493

6. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Listed investments 150,655 176,765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 38,163 4,896
Other creditors 1,625 13,454
Rent prepaid 34,238 30,688
Tenants deposit 17,586 17,508
Directors' loan accounts 2,628 11,433
94,240 77,979

HOWBERRY PROPERTY INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00638768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2022 419,685 1,641,100 28,562 2,089,347
Profit for the year 147,451 147,451
Dividends (129,600 ) (129,600 )
Unrealised fair value gain or
loss 26,110 - (26,110 ) -
At 31 March 2023 463,646 1,641,100 2,452 2,107,198