Registered number
12206397
HRWPEDERSEN PROPERTY MANAGEMENT LTD
Filleted Accounts
30 September 2023
HRWPEDERSEN PROPERTY MANAGEMENT LTD
Registered number: 12206397
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 25,380 25,920
Tangible assets 4 63,172 64,558
88,552 90,478
Current assets
Cash at bank and in hand 3,674 172
Creditors: amounts falling due within one year 5 (102,878) (100,653)
Net current liabilities (99,204) (100,481)
Net liabilities (10,652) (10,003)
Capital and reserves
Called up share capital 1 1
Profit and loss account (10,653) (10,004)
Shareholder's funds (10,652) (10,003)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Heino Pedersen
Director
Approved by the board on 5 November 2023
HRWPEDERSEN PROPERTY MANAGEMENT LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2022 27,000
At 30 September 2023 27,000
Amortisation
At 1 October 2022 1,080
Provided during the year 540
At 30 September 2023 1,620
Net book value
At 30 September 2023 25,380
At 30 September 2022 25,920
Lease premium is being written off over 50 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2022 68,044 1,024 69,068
Additions - 149 149
At 30 September 2023 68,044 1,173 69,217
Depreciation
At 1 October 2022 3,960 550 4,510
Charge for the year 1,320 215 1,535
At 30 September 2023 5,280 765 6,045
Net book value
At 30 September 2023 62,764 408 63,172
At 30 September 2022 64,084 474 64,558
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 430 -
Other creditors 102,448 100,653
102,878 100,653
6 Other information
HRWPEDERSEN PROPERTY MANAGEMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
12 Constance Street
London
E16 2DQ
HRWPEDERSEN PROPERTY MANAGEMENT LTD 12206397 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 Heino Pedersen No description of principal activity 12206397 2021-10-01 2022-09-30 12206397 core:WithinOneYear 2022-09-30 12206397 core:ShareCapital 2022-09-30 12206397 core:RetainedEarningsAccumulatedLosses 2022-09-30 12206397 2022-10-01 2023-09-30 12206397 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12206397 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12206397 bus:Director40 2022-10-01 2023-09-30 12206397 2 2022-10-01 2023-09-30 12206397 core:Goodwill 2022-10-01 2023-09-30 12206397 core:LandBuildings 2022-10-01 2023-09-30 12206397 core:PlantMachinery 2022-10-01 2023-09-30 12206397 countries:England 2022-10-01 2023-09-30 12206397 bus:FRS102 2022-10-01 2023-09-30 12206397 bus:FullAccounts 2022-10-01 2023-09-30 12206397 2023-09-30 12206397 core:WithinOneYear 2023-09-30 12206397 core:ShareCapital 2023-09-30 12206397 core:RetainedEarningsAccumulatedLosses 2023-09-30 12206397 core:Goodwill 2023-09-30 12206397 core:LandBuildings 2023-09-30 12206397 core:PlantMachinery 2023-09-30 12206397 2022-09-30 12206397 core:Goodwill 2022-09-30 12206397 core:LandBuildings 2022-09-30 12206397 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure