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REGISTERED NUMBER: 10689823 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hurling Property Investment Limited

Hurling Property Investment Limited (Registered number: 10689823)






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


Hurling Property Investment Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr P Hurling





REGISTERED OFFICE: 26 Maulden Road
Flitwick
Bedfordshire
MK45 5BL





REGISTERED NUMBER: 10689823 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Hurling Property Investment Limited (Registered number: 10689823)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 680,000 653,000

CURRENT ASSETS
Cash at bank 35,971 40,322

CREDITORS
Amounts falling due within one year 5 128,517 121,824
NET CURRENT LIABILITIES (92,546 ) (81,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,454

571,498

CREDITORS
Amounts falling due after more than one
year

6

(42,734

)

(63,349

)

PROVISIONS FOR LIABILITIES (10,450 ) (5,321 )
NET ASSETS 534,270 502,828

CAPITAL AND RESERVES
Called up share capital 184,007 184,007
Share premium 269,019 269,019
Fair value reserve 7 44,550 22,679
Retained earnings 36,694 27,123
534,270 502,828

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.

Hurling Property Investment Limited (Registered number: 10689823)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





Mr P Hurling - Director


Hurling Property Investment Limited (Registered number: 10689823)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hurling Property Investment 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 rents receivable and is recognised as soon as the transaction has occured.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 653,000
Revaluations 27,000
At 31 March 2023 680,000
NET BOOK VALUE
At 31 March 2023 680,000
At 31 March 2022 653,000


Hurling Property Investment Limited (Registered number: 10689823)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,714 2,937
Other creditors 125,803 118,887
128,517 121,824

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 42,734 63,349

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 42,734 63,349
42,734 63,349

7. RESERVES
Fair
value
reserve
£   
At 1 April 2022 22,679
Revaluation Transfer 21,871

At 31 March 2023 44,550