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REGISTERED NUMBER: 09723429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HAWLEY PROPERTY CO LTD

HAWLEY PROPERTY CO LTD (REGISTERED NUMBER: 09723429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAWLEY PROPERTY CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: T D Hawley
S M Hawley
M Hawley
D J Hawley
C Hawley





REGISTERED OFFICE: First Floor
Unit 4
Broadfield Court
Sheffield
South Yorkshire
S8 0XF





REGISTERED NUMBER: 09723429 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

HAWLEY PROPERTY CO LTD (REGISTERED NUMBER: 09723429)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 740,000 740,000

CURRENT ASSETS
Debtors 5 50,031 54,202
Cash at bank 92,120 154,953
142,151 209,155
CREDITORS
Amounts falling due within one year 6 21,259 26,862
NET CURRENT ASSETS 120,892 182,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

860,892

922,293

PROVISIONS FOR LIABILITIES 14,014 11,105
NET ASSETS 846,878 911,188

CAPITAL AND RESERVES
Called up share capital 250 250
Fair value reserve 7 86,804 89,713
Retained earnings 7 759,824 821,225
SHAREHOLDERS' FUNDS 846,878 911,188

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

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

HAWLEY PROPERTY CO LTD (REGISTERED NUMBER: 09723429)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





T D Hawley - Director


HAWLEY PROPERTY CO LTD (REGISTERED NUMBER: 09723429)

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

1. STATUTORY INFORMATION

Hawley Property Co Ltd 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.

Judgements
The directors have made key assumptions in the determination of the fair value of investment property
in respect of the state of the property market in the location where the property is situated and in
respect of the range of reasonable fair value estimates of the asset. The valuation of the property at
the reporting date is stated in the notes to the accounts.

Turnover
Turnover consists of rental income receivable on property investments in the United Kingdom,
exclusive of VAT.

Investment property


Investment property is shown at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

HAWLEY PROPERTY CO LTD (REGISTERED NUMBER: 09723429)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 740,000
NET BOOK VALUE
At 31 August 2023 740,000
At 31 August 2022 740,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2016 318
Valuation in 2022 100,500
Cost 639,182
740,000

The investment property was valued at the balance sheet date by the directors of the company who are not professionally qualified valuers. The fair value has been determined by reference to market factors including evidence of transaction prices for similar property in the location where the property is situated.

The historic cost of the investment property was £639,182 (2022 - £639,182).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50,031 54,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 19,056 24,820
Directors' loan accounts 1 1
Accruals and deferred income 2,202 2,041
21,259 26,862

HAWLEY PROPERTY CO LTD (REGISTERED NUMBER: 09723429)

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

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2022 821,225 89,713 910,938
Profit for the year 45,690 45,690
Dividends (110,000 ) (110,000 )
Reserve transfer 2,909 (2,909 ) -
At 31 August 2023 759,824 86,804 846,628