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REGISTERED NUMBER: 13271276 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Onward Properties (Hyde) Limited

Onward Properties (Hyde) Limited (Registered number: 13271276)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Onward Properties (Hyde) Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mr S K Howard
Mr D A Savidge





Registered office: Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND





Registered number: 13271276 (England and Wales)





Accountants: Allen Mills Howard & Co
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

Onward Properties (Hyde) Limited (Registered number: 13271276)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 202,536 202,536

Current assets
Cash at bank 1,688 2,445

Creditors
Amounts falling due within one year 5 175,423 189,989
Net current liabilities (173,735 ) (187,544 )
Total assets less current liabilities 28,801 14,992

Capital and reserves
Called up share capital 6 100 100
Retained earnings 28,701 14,892
Shareholders' funds 28,801 14,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

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




Mr S K Howard - Director



Mr D A Savidge - Director


Onward Properties (Hyde) Limited (Registered number: 13271276)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Onward Properties (Hyde) 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

Onward Properties (Hyde) Limited (Registered number: 13271276)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Tangible fixed assets
Freehold
property
£   
Cost
At 1 April 2023
and 31 March 2024 202,536
Net book value
At 31 March 2024 202,536
At 31 March 2023 202,536

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 4,178 3,453
Other creditors 171,245 186,536
175,423 189,989

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100