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REGISTERED NUMBER: 07812487 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HOWCROFT COMMERCIAL PROPERTY LIMITED

HOWCROFT COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07812487)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOWCROFT COMMERCIAL PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr A R Howcroft



REGISTERED OFFICE: 9B Brookfields Way
Manvers
Rotherham
S63 5DL



REGISTERED NUMBER: 07812487 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB

HOWCROFT COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07812487)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 767,968 767,968

CURRENT ASSETS
Debtors 5 18,610 250
Cash at bank 37,964 20,983
56,574 21,233
CREDITORS
Amounts falling due within one year 6 56,280 99,615
NET CURRENT ASSETS/(LIABILITIES) 294 (78,382 )
TOTAL ASSETS LESS CURRENT LIABILITIES 768,262 689,586

CREDITORS
Amounts falling due after more than
one year

7

414,794

428,475
NET ASSETS 353,468 261,111

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 353,368 261,011
SHAREHOLDERS' FUNDS 353,468 261,111

HOWCROFT COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07812487)

BALANCE SHEET - continued
31 MARCH 2023


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 director acknowledges his 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 director and authorised for issue on 8 September 2023 and were signed by:





Mr A R Howcroft - Director


HOWCROFT COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07812487)

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

1. STATUTORY INFORMATION

Howcroft Commercial Property 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
The significant judgement and estimate used in the preparation of the financial statements is:

i) The directors have used their own judgement and research in reviewing the fair value of investment properties included in the financial statements at the balance sheet date. No independent valuations were obtained to support their values.

There are no other key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material misstatement to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from rental of properties is accrued and recognised on a monthly basis as rents fall due.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The directors have considered the valuation of the property at 31 March 2023 and deemed that no fair value adjustment is required. In reaching this conclusion the directors made reference to relevant market factors which might have subsequently impacted on the value.

3. EMPLOYEES AND DIRECTORS

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

HOWCROFT COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07812487)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 767,968
NET BOOK VALUE
At 31 March 2023 767,968
At 31 March 2022 767,968

The investment property is held at the directors estimate of the fair value of the property at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 16,650 -
Prepayments and accrued income 1,960 250
18,610 250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 18,451 36,683
Corporation tax 21,664 12,087
VAT 15,415 8,471
Other creditors - 40,349
Directors' current accounts - 142
Accruals and deferred income 750 1,883
56,280 99,615

HOWCROFT COMMERCIAL PROPERTY LIMITED (REGISTERED NUMBER: 07812487)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loan 2 - 5 years 414,794 155,522
Bank loans more than 5 years - 272,953
414,794 428,475

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 272,953

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 433,245 465,158

The debt is secured on the investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary A £1 100 100