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REGISTERED NUMBER: 03794099 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

H4 PROPERTIES LIMITED

H4 PROPERTIES LIMITED (REGISTERED NUMBER: 03794099)

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


H4 PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J M Hopkins
G J Hopkins





SECRETARY: J M Hopkins





REGISTERED OFFICE: 44 Richmond Avenue
Wimbledon
London
SW20 8LA





REGISTERED NUMBER: 03794099 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

H4 PROPERTIES LIMITED (REGISTERED NUMBER: 03794099)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86 678
Investment property 5 650,000 650,000
650,086 650,678

CURRENT ASSETS
Debtors 6 3,586 -
Cash at bank 27,107 95,458
30,693 95,458
CREDITORS
Amounts falling due within one year 7 579,721 651,352
NET CURRENT LIABILITIES (549,028 ) (555,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,058

94,784

PROVISIONS FOR LIABILITIES 8 15,079 15,079
NET ASSETS 85,979 79,705

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 64,288 64,288
Retained earnings 20,691 14,417
SHAREHOLDERS' FUNDS 85,979 79,705

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 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.

H4 PROPERTIES LIMITED (REGISTERED NUMBER: 03794099)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





J M Hopkins - Director


H4 PROPERTIES LIMITED (REGISTERED NUMBER: 03794099)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

H4 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Accounting policies which have a significant bearing on the reported financial position and results of the company may require subjective or complex judgements.

The principle on-going area of judgement is the investment property valuation where the director's opinions of fair value based on experience and comparison with similar properties has been obtained at each reporting date.

Turnover
Revenue is measured at the fair value of of the consideration received or receivable. It is recognised over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivables or payables 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.

H4 PROPERTIES LIMITED (REGISTERED NUMBER: 03794099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment amount is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 4,001
DEPRECIATION
At 1 April 2022 3,323
Charge for year 592
At 31 March 2023 3,915
NET BOOK VALUE
At 31 March 2023 86
At 31 March 2022 678

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 650,000
NET BOOK VALUE
At 31 March 2023 650,000
At 31 March 2022 650,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 558,500
Valuation in 2019 1,500
Valuation in 2021 65,000
Valuation in 2022 25,000
650,000

H4 PROPERTIES LIMITED (REGISTERED NUMBER: 03794099)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 570,633 570,633

Investment properties were valued on an fair value basis on 31 March 2023 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,586 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,441 2,068
Other creditors 576,280 649,284
579,721 651,352

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,079 15,079

Deferred
tax
£   
Balance at 1 April 2022 15,079
Change in tax rate
Balance at 31 March 2023 15,079

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 64,288

10. RELATED PARTY DISCLOSURES

At the balance sheet date , the company owed Mr J M Hopkins £144,842 ( 2022: £180,642) and Mrs G J Hopkins £146,437 ( 2022: £180,642), these loans bear interest and have not repayment terms.

At the balance sheet date the company owed £144,842 (2022: £285,000) to Talus Partnership Limited, a company under common control. this amount is in respect of unsecured loans made during this year, which bear no interest and have no repayment terms.