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REGISTERED NUMBER: 04685754 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st August 2023

for

Humber Properties Limited

Humber Properties Limited (Registered number: 04685754)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Humber Properties Limited

Company Information
for the year ended 31st August 2023







DIRECTORS: P A Hornshaw
M Hornshaw



SECRETARY: P A Hornshaw



REGISTERED OFFICE: Melton Waste Park
Gibson Lane
Melton
East Yorkshire
HU14 3HH



REGISTERED NUMBER: 04685754 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: HSBC Bank plc
3 - 4 Jameson Street
Hull
HU1 3JX

Humber Properties Limited (Registered number: 04685754)

Abridged Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investment property 6 13,373,504 10,000,001
13,373,504 10,000,001

CURRENT ASSETS
Debtors 646,440 88,002
Cash at bank 19,391 52,366
665,831 140,368
CREDITORS
Amounts falling due within one year 1,508,675 541,325
NET CURRENT LIABILITIES (842,844 ) (400,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,530,660

9,599,044

CREDITORS
Amounts falling due after more than one
year

7

(5,587,317

)

(2,858,441

)

PROVISIONS FOR LIABILITIES (764,528 ) (764,528 )
NET ASSETS 6,178,815 5,976,075

CAPITAL AND RESERVES
Called up share capital 9 999 999
Retained earnings 6,177,816 5,975,076
SHAREHOLDERS' FUNDS 6,178,815 5,976,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

Humber Properties Limited (Registered number: 04685754)

Abridged Balance Sheet - continued
31st August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st February 2024 and were signed on its behalf by:





P A Hornshaw - Director


Humber Properties Limited (Registered number: 04685754)

Notes to the Financial Statements
for the year ended 31st August 2023

1. STATUTORY INFORMATION

Humber 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

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.

Humber Properties Limited (Registered number: 04685754)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2022
and 31st August 2023 1
AMORTISATION
At 1st September 2022
and 31st August 2023 1
NET BOOK VALUE

At 31st August 2023 -
At 31st August 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2022
and 31st August 2023 790,181
DEPRECIATION
At 1st September 2022
and 31st August 2023 790,181
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

Humber Properties Limited (Registered number: 04685754)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022 10,000,001
Additions 3,373,503
At 31st August 2023 13,373,504
NET BOOK VALUE
At 31st August 2023 13,373,504
At 31st August 2022 10,000,001

Fair value at 31st August 2023 is represented by:
£   
Valuation in 2005 1,483,865
Valuation in 2012 (136,482 )
Valuation in 2014 (2,742,933 )
Valuation in 2016 1,503,663
Valuation in 2020 1,700,000
Valuation in 2022 1,250,000
Cost 10,315,391
13,373,504

The directors are of the opinion that the current property values show a true and fair view of the value of the property.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,894,333 728,572

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 5,207,944 2,576,053

The bank loans and mortgages are secured over the properties concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
999 Ordinary £1 999 999