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REGISTERED NUMBER: 11849004 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Hulk Property Investments Ltd

Hulk Property Investments Ltd (Registered number: 11849004)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Hulk Property Investments Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: R O'Gorman





REGISTERED OFFICE: 303 Goring Road
Worthing
West Sussex
BN12 4NX





REGISTERED NUMBER: 11849004 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hulk Property Investments Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hulk Property Investments Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hulk Property Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hulk Property Investments Ltd and state those matters that we have agreed to state to the director of Hulk Property Investments Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hulk Property Investments Ltd and its director for our work or for this report.

It is your duty to ensure that Hulk Property Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hulk Property Investments Ltd. You consider that Hulk Property Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hulk Property Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


23 November 2023

Hulk Property Investments Ltd (Registered number: 11849004)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,814 2,419
Investments 5 300 300
Investment property 6 151,825 151,825
153,939 154,544

CURRENT ASSETS
Debtors 7 1,867 2,042
Cash at bank 6,338 8,212
8,205 10,254
CREDITORS
Amounts falling due within one year 8 73,522 68,311
NET CURRENT LIABILITIES (65,317 ) (58,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,622

96,487

CREDITORS
Amounts falling due after more than one
year

9

(124,243

)

(124,966

)

PROVISIONS FOR LIABILITIES (339 ) -
NET LIABILITIES (35,960 ) (28,479 )

Hulk Property Investments Ltd (Registered number: 11849004)

Balance Sheet - continued
28 February 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings (36,260 ) (28,779 )
SHAREHOLDERS' FUNDS (35,960 ) (28,479 )

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 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 23 November 2023 and were signed by:





R O'Gorman - Director


Hulk Property Investments Ltd (Registered number: 11849004)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Hulk Property Investments Ltd 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.

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

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 - 25% on reducing balance

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 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 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 1 (2022 - 1 ) .

Hulk Property Investments Ltd (Registered number: 11849004)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 4,300
DEPRECIATION
At 1 March 2022 1,881
Charge for year 605
At 28 February 2023 2,486
NET BOOK VALUE
At 28 February 2023 1,814
At 28 February 2022 2,419

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 March 2022
and 28 February 2023 300
NET BOOK VALUE
At 28 February 2023 300
At 28 February 2022 300

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 151,825
NET BOOK VALUE
At 28 February 2023 151,825
At 28 February 2022 151,825

The director has confirmed that in their opinion there has been no material change in the valuation of the investment property from the date of acquisition to 28 February 2023.

Hulk Property Investments Ltd (Registered number: 11849004)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,867 2,042

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,611 5,450
Trade creditors 1 2,473
Other creditors 67,910 60,388
73,522 68,311

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 124,243 124,966

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 85,274 85,274

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 ordinary 1 300 300