H2H Properties Limited 09381944 false 2022-02-01 2023-03-30 2023-03-30 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 09381944 2022-02-01 2023-03-30 09381944 2023-03-30 09381944 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-30 09381944 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-03-30 09381944 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-03-30 09381944 bus:OrdinaryShareClass4 bus:Non-cumulativeShares 2023-03-30 09381944 bus:OrdinaryShareClass5 bus:Non-cumulativeShares 2023-03-30 09381944 bus:OtherShareClass1 bus:Non-cumulativeShares 2023-03-30 09381944 bus:OtherShareClass2 bus:Non-cumulativeShares 2023-03-30 09381944 core:ShareCapital 2023-03-30 09381944 core:CurrentFinancialInstruments 2023-03-30 09381944 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 09381944 bus:SmallEntities 2022-02-01 2023-03-30 09381944 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-03-30 09381944 bus:FullAccounts 2022-02-01 2023-03-30 09381944 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-03-30 09381944 bus:RegisteredOffice 2022-02-01 2023-03-30 09381944 bus:Director1 2022-02-01 2023-03-30 09381944 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-02-01 2023-03-30 09381944 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2022-02-01 2023-03-30 09381944 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2022-02-01 2023-03-30 09381944 bus:OrdinaryShareClass4 bus:Non-cumulativeShares 2022-02-01 2023-03-30 09381944 bus:OrdinaryShareClass5 bus:Non-cumulativeShares 2022-02-01 2023-03-30 09381944 bus:OtherShareClass1 bus:Non-cumulativeShares 2022-02-01 2023-03-30 09381944 bus:OtherShareClass2 bus:Non-cumulativeShares 2022-02-01 2023-03-30 09381944 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-03-30 09381944 countries:EnglandWales 2022-02-01 2023-03-30 09381944 2021-02-01 2022-01-31 09381944 2022-01-31 09381944 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-01-31 09381944 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2022-01-31 09381944 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2022-01-31 09381944 bus:OrdinaryShareClass4 bus:Non-cumulativeShares 2022-01-31 09381944 bus:OrdinaryShareClass5 bus:Non-cumulativeShares 2022-01-31 09381944 bus:OtherShareClass1 bus:Non-cumulativeShares 2022-01-31 09381944 bus:OtherShareClass2 bus:Non-cumulativeShares 2022-01-31 09381944 core:CurrentFinancialInstruments 2022-01-31 09381944 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 09381944 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2021-02-01 2022-01-31 09381944 bus:OrdinaryShareClass4 bus:Non-cumulativeShares 2021-02-01 2022-01-31 09381944 bus:OrdinaryShareClass5 bus:Non-cumulativeShares 2021-02-01 2022-01-31 09381944 bus:OtherShareClass1 bus:Non-cumulativeShares 2021-02-01 2022-01-31 09381944 bus:OtherShareClass2 bus:Non-cumulativeShares 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09381944

H2H Properties Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 February 2022 to 30 March 2023

 

H2H Properties Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

H2H Properties Limited

(Registration number: 09381944)
Balance Sheet as at 30 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

-

214,807

Cash at bank and in hand

 

22,048

18,704

 

22,048

233,511

Creditors: Amounts falling due within one year

5

(49,550)

(288,919)

Net liabilities

 

(27,502)

(55,408)

Capital and reserves

 

Called up share capital

6

700

200

Profit and loss account

(28,202)

(55,608)

Total equity

 

(27,502)

(55,408)

For the financial period ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 February 2024
 

.........................................
Mr P J Harrison
Director

 

H2H Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Airey Houses
Dob Lane
Little Hoole
Preston
PR4 4SU

These financial statements were authorised for issue by the director on 12 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

H2H Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 March 2023

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), as follows:

No depreciation is provided in respect of investment properties. This treatment as regards the company’s investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

H2H Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2022 - 0).

4

Stocks

2023
£

2022
£

Property for resale

-

214,807

 

H2H Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 March 2023

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

48,650

258,020

Accruals and deferred income

 

900

900

Other creditors

 

-

29,999

 

49,550

288,919

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

100

100

100

100

Ordinary B shares of £1 each

100

100

100

100

Ordinary C shares of £1 (2022 - £0) each

100

100

-

-

Ordinary D shares of £1 (2022 - £0) each

100

100

-

-

Ordinary E shares of £1 (2022 - £0) each

100

100

-

-

Ordinary F shares of £1 (2022 - £0) each

100

100

-

-

Ordinary G shares of £1 (2022 - £0) each

100

100

-

-

 

700

700

200

200

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

48,650

258,020