Registered number
11931473
HB&H Property Limited
Unaudited Filleted Accounts
30 June 2023
HB&H Property Limited
Registered number: 11931473
Balance Sheet
as at 30 June 2023
Notes 2023 2021
£ £
Fixed assets
Tangible assets 3 720,000 530,020
Current assets
Cash at bank and in hand 4,002 3,498
Creditors: amounts falling due within one year 4 (37,059) (34,767)
Net current liabilities (33,057) (31,269)
Total assets less current liabilities 686,943 498,751
Creditors: amounts falling due after more than one year 5 (458,739) (484,031)
Provisions for liabilities (47,495) -
Net assets 180,709 14,720
Capital and reserves
Called up share capital 99 99
Profit and loss account 180,610 14,621
Shareholders' funds 180,709 14,720
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Holmes
Director
Approved by the board on 29 November 2023
HB&H Property Limited
Notes to the Accounts
for the period from 1 January 2022 to 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Investment property
Investment properties are carried at fair value, determined annually by the directors and are derived from knowledge of comparable properties and the local market conditions. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2021
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2022 530,020
Surplus on revaluation 189,980
At 30 June 2023 720,000
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 720,000
At 31 December 2021 530,020
4 Creditors: amounts falling due within one year 2023 2021
£ £
Bank loans and overdrafts 15,860 14,377
Taxation and social security costs 7,370 4,682
Other creditors 13,829 15,708
37,059 34,767
5 Creditors: amounts falling due after one year 2023 2021
£ £
Bank loans 297,002 322,402
Other creditors 161,737 161,629
458,739 484,031
6 Loans 2023 2021
£ £
Creditors include:
Instalments falling due for payment after more than five years 237,289 266,221
Secured bank loans 307,029 327,946
The bank loan is secured on the freehold property of the company.
7 Other information
HB&H Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Glenmore Business Park
Ely Road
Waterbeach
Cambs
CB25 9FX
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