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REGISTERED NUMBER: 03925863 (England and Wales)












ST. HUBERTS PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






ST. HUBERTS PROPERTIES LIMITED (REGISTERED NUMBER: 03925863)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ST. HUBERTS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr G Tripolitakis
Mrs D Tripolitakis





SECRETARY: Mrs D Tripolitakis





REGISTERED OFFICE: 31 St Huberts Close
Gerrards Cross
Buckinghamshire
SL9 7EN





REGISTERED NUMBER: 03925863 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

ST. HUBERTS PROPERTIES LIMITED (REGISTERED NUMBER: 03925863)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 740,000 1,360,000
740,000 1,360,000

CURRENT ASSETS
Debtors 6 7,701 66
Cash at bank 527,943 4,005
535,644 4,071
CREDITORS
Amounts falling due within one year 7 551,766 656,789
NET CURRENT LIABILITIES (16,122 ) (652,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,878

707,282

PROVISIONS FOR LIABILITIES 8 25,751 58,051
NET ASSETS 698,127 649,231

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 145,927 398,627
Retained earnings 10 552,100 250,504
SHAREHOLDERS' FUNDS 698,127 649,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

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

ST. HUBERTS PROPERTIES LIMITED (REGISTERED NUMBER: 03925863)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


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 10 November 2023 and were signed on its behalf by:





Mr G Tripolitakis - Director


ST. HUBERTS PROPERTIES LIMITED (REGISTERED NUMBER: 03925863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

St. Huberts Properties 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 represents net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
The company's investment properties are held for long term investment and are included in the balance sheet at their open market values. No depreciation is provided in respect of Freehold and long leasehold investment properties. An investment property on short leasehold where the remaining life is less than 20 years is mortised over the life of the lease.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

All Investment properties are revalued every year. The surplus(es) or deficit(s) on revaluation of such properties are transferred to revaluation reserve, apart from when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss account. On the disposal of a revalued fixed asset, any related balances in the revaluation reserve are transferred to the profit and loss account as a movement in reserves.

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 statement of financial position date.


ST. HUBERTS PROPERTIES LIMITED (REGISTERED NUMBER: 03925863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 3,332
DEPRECIATION
At 1 March 2022
and 28 February 2023 3,332
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,360,000
Disposals (620,000 )
At 28 February 2023 740,000
NET BOOK VALUE
At 28 February 2023 740,000
At 28 February 2022 1,360,000

ST. HUBERTS PROPERTIES LIMITED (REGISTERED NUMBER: 03925863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2016 120,101
Valuation in 2022 56,428
Cost 563,471
740,000

If investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 563,471 898,471

Investment property was valued on an open market value basis on 28 February 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 7,650 -
Prepayments 51 66
7,701 66

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 38,793 -
Shareholders loans 6,000 12,000
Directors' current accounts 28,782 66,409
Directors' loan accounts 475,846 575,846
Accruals & deferred income 2,345 2,534
551,766 656,789

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 25,751 58,051

Deferred
tax
£   
Balance at 1 March 2022 58,051
Provided during year (32,300 )
Charge for year
Balance at 28 February 2023 25,751

ST. HUBERTS PROPERTIES LIMITED (REGISTERED NUMBER: 03925863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
10 Ordinary A £1 10 10
90 Ordinary B £1 90 90
100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2022 250,504 398,627 649,131
Profit for the year 301,596 301,596
Disposal - (252,700 ) (252,700 )
At 28 February 2023 552,100 145,927 698,027

11. CONTROLLING PARTY

The directors, Mr Tripolitakis and Mrs Tripolitakis, and members of their close family control the company as a result of holding directly 100 per cent of the class 'A' issued ordinary share capital which carry all the voting rights.