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REGISTERED NUMBER: 10002926 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HULLAND INVESTMENTS LIMITED

HULLAND INVESTMENTS LIMITED (REGISTERED NUMBER: 10002926)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HULLAND INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







Director: Mrs B M Hulland





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 10002926 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

HULLAND INVESTMENTS LIMITED (REGISTERED NUMBER: 10002926)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £ £
Fixed assets
Investment property 4 692,049 659,448

Current assets
Debtors 5 2,909 -
Cash at bank 34,739 62,869
37,648 62,869
Creditors
Amounts falling due within one year 6 (612,169 ) (597,216 )
Net current liabilities (574,521 ) (534,347 )
Total assets less current liabilities 117,528 125,101

Creditors
Amounts falling due after more than one
year

7

(89,020

)

(99,498

)
Net assets 28,508 25,603

Capital and reserves
Called up share capital 9 1 1
Retained earnings 28,507 25,602
Shareholders' funds 28,508 25,603

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 director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mrs B M Hulland - Director


HULLAND INVESTMENTS LIMITED (REGISTERED NUMBER: 10002926)

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

1. STATUTORY INFORMATION

Hulland Investments 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors have considered the fair value of investment property at the reporting date to be £495,894 this fair value has been calculated based historic costs and review of trends in the property market. No professional valuation has been obtained, the methods and significant assumptions applied in determining the fair value of the investment property include consideration into; property market trends local to the investment property, recent property sales local to the investment property, rental yield of the property and the condition of the property.

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

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the income statement.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2022 - NIL).

HULLAND INVESTMENTS LIMITED (REGISTERED NUMBER: 10002926)

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

4. INVESTMENT PROPERTY
Total
£
Fair value
At 1 March 2022 659,448
Additions 32,601
At 28 February 2023 692,049
Net book value
At 28 February 2023 692,049
At 28 February 2022 659,448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
VAT 2,909 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans 17,040 17,040
Tax 3,319 2,581
VAT - 1,239
Related Party Loan 398,092 381,038
Directors' loan accounts 192,718 194,318
Accruals and deferred income 1,000 1,000
612,169 597,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 89,020 99,498

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 106,060 116,538

The bank loan is secured by fixed charge against the Investment property in the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

Smallwood Consultancy Limited
A company owned by B M Hulland.

At the end of the year monies totalling £398,092 was owed to Smallwood Consultancy Limited. A company in which Ms B M Hulland is a director.