Company Registration No. 02381918 (England and Wales)
HGH Properties Limited
Unaudited accounts
for the year ended 30 June 2023
HGH Properties Limited
Unaudited accounts
Contents
HGH Properties Limited
Company Information
for the year ended 30 June 2023
Directors
G F Aldridge
H Aldridge
Company Number
02381918 (England and Wales)
Registered Office
18 Letchmore Road
Radlett
Hertfordshire
WD7 8HT
United Kingdom
HGH Properties Limited
Statement of financial position
as at 30 June 2023
Investment property
2,135,000
2,445,000
Cash at bank and in hand
137,519
91,629
Creditors: amounts falling due within one year
(101,210)
(82,518)
Net current assets
36,494
40,768
Net assets
2,183,994
2,498,268
Called up share capital
9,500
9,500
Share premium
90,000
90,000
Revaluation reserve
1,287,940
1,597,940
Capital redemption reserve
500
500
Profit and loss account
796,054
800,328
Shareholders' funds
2,183,994
2,498,268
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2023 and were signed on its behalf by
G F Aldridge
Director
Company Registration No. 02381918
HGH Properties Limited
Notes to the Accounts
for the year ended 30 June 2023
HGH Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02381918. The registered office is 18 Letchmore Road, Radlett, Hertfordshire, WD7 8HT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 July 2022
2,445,000
Net loss from fair value adjustments
(310,000)
The properties owned by the company have been revalued at 30th June 2023 by Martin Clarke Property Consultant at market value.
5
Investments
Other investments
Valuation at 1 July 2022
12,500
Valuation at 30 June 2023
12,500
Amounts falling due within one year
HGH Properties Limited
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,855
1,408
Taxes and social security
15,525
17,754
Other creditors
27,118
28,729
Loans from directors
1,355
1,355
Deferred income
55,357
33,272
Allotted, called up and fully paid:
95,002 Ordinary shares of £0.10 each
9,500.20
9,500.20
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan interest free
1,355
-
-
1,355
10
Transactions with related parties
In the opinion of the directors. the company is controlled by H Aldridge.
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).