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REGISTERED NUMBER: 04906008 (England and Wales)












HONEYBEL ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






HONEYBEL ESTATES LIMITED (REGISTERED NUMBER: 04906008)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HONEYBEL ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mrs J Michael





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 04906008 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

HONEYBEL ESTATES LIMITED (REGISTERED NUMBER: 04906008)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 300,000 300,000
300,000 300,000

CURRENT ASSETS
Cash at bank 16,945 6,604

CREDITORS
Amounts falling due within one year 6 28,418 110,697
NET CURRENT LIABILITIES (11,473 ) (104,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,527

195,907

CREDITORS
Amounts falling due after more than one
year

7

(90,707

)

-

PROVISIONS FOR LIABILITIES 10 (24,341 ) (24,341 )
NET ASSETS 173,479 171,566

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 144,009 144,009
Retained earnings 12 29,370 27,457
SHAREHOLDERS' FUNDS 173,479 171,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HONEYBEL ESTATES LIMITED (REGISTERED NUMBER: 04906008)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 21 February 2024 and were signed by:





Mrs J Michael - Director


HONEYBEL ESTATES LIMITED (REGISTERED NUMBER: 04906008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Honeybel Estates 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.

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. The policies adopted for the recognition of turnover are as follows:

Rent Receivable
Turnover represents the net rents receivable and services provided, excluding value add tax. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

HONEYBEL ESTATES LIMITED (REGISTERED NUMBER: 04906008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 October 2022
and 30 September 2023 4,866
DEPRECIATION
At 1 October 2022
and 30 September 2023 4,866
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 300,000
NET BOOK VALUE
At 30 September 2023 300,000
At 30 September 2022 300,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2005 13,350
Valuation in 2006 10,000
Valuation in 2017 60,000
Valuation in 2020 10,000
Valuation in 2021 75,000
Cost 131,650
300,000

Freehold land and buildings were valued on an open market basis on 30 September 2021 by the director .

HONEYBEL ESTATES LIMITED (REGISTERED NUMBER: 04906008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts (see note 8) 6,522 -
Corporation tax 920 6,143
VAT 599 1,359
Shareholder's loan 2,000 2,000
Directors' current accounts 17,182 100,050
Accruals and deferred income 375 375
Accrued expenses 820 770
28,418 110,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans (see note 8) 90,707 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 64,619 -

8. LOANS

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,522 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,522 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,566 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 64,619 -

HONEYBEL ESTATES LIMITED (REGISTERED NUMBER: 04906008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 97,229 -

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 24,341 24,341

Deferred
tax
£   
Balance at 1 October 2022 24,341
Balance at 30 September 2023 24,341

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
2 Ordinary 'A' Voting Shares £1 2 2
98 Ordinary 'B' Non-Voting Shares £1 98 98
100 100

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

At 1 October 2022 27,457 144,009 171,466
Profit for the year 3,913 3,913
Dividends (2,000 ) (2,000 )
At 30 September 2023 29,370 144,009 173,379

13. CONTROLLING PARTY

The director, Mrs J Michael, controls the company by virtue of her 100% holding of the issued ordinary 'A' share capital.