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REGISTERED NUMBER: 10519345 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HMD Properties Ltd

HMD Properties Ltd (Registered number: 10519345)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HMD Properties Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: I R Down
Mrs H M Down





SECRETARY:





REGISTERED OFFICE: 2 Hartley Gardens
Barnham
Bognor Regis
PO22 0FF





REGISTERED NUMBER: 10519345 (England and Wales)





ACCOUNTANTS: Nationwide Accountants & Tax Advisors Ltd
704
London Road,
North Cheam
Sutton
Surrey
SM3 9BY

HMD Properties Ltd (Registered number: 10519345)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 110,000 110,000

CURRENT ASSETS
Debtors 5 540 540
Cash at bank 2,327 3,732
2,867 4,272
CREDITORS
Amounts falling due within one year 6 84,766 18,273
NET CURRENT LIABILITIES (81,899 ) (14,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,101

95,999

CREDITORS
Amounts falling due after more than
one year

7

-

(68,225

)

PROVISIONS FOR LIABILITIES (5,326 ) (5,326 )
NET ASSETS 22,775 22,448

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,675 22,348
22,775 22,448

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

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

HMD Properties Ltd (Registered number: 10519345)

Statement of Financial Position - continued
31 December 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 12 February 2024 and were signed on its behalf by:




Mrs H M Down - Director



I R Down - Director


HMD Properties Ltd (Registered number: 10519345)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

HMD Properties 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.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - NIL).

HMD Properties Ltd (Registered number: 10519345)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 110,000
NET BOOK VALUE
At 31 December 2023 110,000
At 31 December 2022 110,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 13,032
Valuation in 2020 5,000
Valuation in 2021 3,000
Valuation in 2022 7,000
Cost 81,968
110,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 540 540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Payments on account 147 -
Taxation and social security 546 279
Other creditors 84,073 17,994
84,766 18,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 68,225

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 68,225

HMD Properties Ltd (Registered number: 10519345)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. GOING CONCERN

The Directors have prepared Financial Statements on Going Concern basis and the directors have reviewed and concluded that there are no material uncertainties which could cast any doubt over the company's ability to continue as a going concern for the next twelve months from the date of approval of these financial statements. We have evaluated the director's conclusion in relation to the company's business position and the risk that might affect the company's ability to continue its operations over the going concern period. We have nothing to report in this respect.