0 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 311,872 205,179 106,693 106,693 311,872 xbrli:pure xbrli:shares iso4217:GBP 08826931 2022-06-01 2023-05-31 08826931 2023-05-31 08826931 2022-05-31 08826931 2021-06-01 2022-05-31 08826931 2022-05-31 08826931 2021-05-31 08826931 bus:Director1 2022-06-01 2023-05-31 08826931 bus:Director2 2022-06-01 2023-05-31 08826931 bus:Director3 2022-06-01 2023-05-31 08826931 core:WithinOneYear 2023-05-31 08826931 core:WithinOneYear 2022-05-31 08826931 core:AfterOneYear 2023-05-31 08826931 core:AfterOneYear 2022-05-31 08826931 core:ShareCapital 2023-05-31 08826931 core:ShareCapital 2022-05-31 08826931 core:RetainedEarningsAccumulatedLosses 2023-05-31 08826931 core:RetainedEarningsAccumulatedLosses 2022-05-31 08826931 core:CostValuation core:Non-currentFinancialInstruments 2022-05-31 08826931 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-05-31 08826931 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 08826931 core:Non-currentFinancialInstruments 2023-05-31 08826931 core:Non-currentFinancialInstruments 2022-05-31 08826931 bus:Director1 2022-05-31 08826931 bus:Director1 2023-05-31 08826931 bus:Director2 2022-05-31 08826931 bus:Director2 2023-05-31 08826931 bus:Director3 2022-05-31 08826931 bus:Director3 2023-05-31 08826931 bus:Director1 2021-05-31 08826931 bus:Director1 2022-05-31 08826931 bus:Director2 2021-05-31 08826931 bus:Director2 2022-05-31 08826931 bus:Director3 2021-05-31 08826931 bus:Director3 2022-05-31 08826931 bus:Director1 2021-06-01 2022-05-31 08826931 bus:SmallEntities 2022-06-01 2023-05-31 08826931 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08826931 bus:FullAccounts 2022-06-01 2023-05-31 08826931 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 08826931 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 08826931
H3E Properties Limited
Filleted Unaudited Financial Statements
31 May 2023
H3E Properties Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
106,693
311,872
Current assets
Debtors
5
2,700
2,948
Cash at bank and in hand
7,597
2,495
-------
------
10,297
5,443
Creditors: amounts falling due within one year
6
81,017
85,878
-------
-------
Net current liabilities
70,720
80,435
---------
---------
Total assets less current liabilities
35,973
231,437
Creditors: amounts falling due after more than one year
7
209,000
432,621
---------
---------
Net liabilities
( 173,027)
( 201,184)
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 173,031)
( 201,188)
---------
---------
Shareholders deficit
( 173,027)
( 201,184)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
H3E Properties Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
Mrs N L Hanson
Director
Company registration number: 08826931
H3E Properties Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Astro House, Adlington Park, Macclesfield, Cheshire, SK10 4NL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the value of rents received during the year. Rental income is recognised as it becomes payable by the tenant.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Other investments other than loans
£
Cost
At 1 June 2022
311,872
Disposals
( 205,179)
---------
At 31 May 2023
106,693
---------
Impairment
At 1 June 2022 and 31 May 2023
---------
Carrying amount
At 31 May 2023
106,693
---------
At 31 May 2022
311,872
---------
5. Debtors
2023
2022
£
£
Other debtors
2,700
2,948
------
------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,861
Other creditors
81,017
81,017
-------
-------
81,017
85,878
-------
-------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
209,000
432,621
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs N L Hanson
( 38,408)
( 38,408)
Mr J P Eagle
( 16,460)
( 16,460)
Mr D W Hirst
( 25,369)
( 25,369)
-------
----
-------
( 80,237)
( 80,237)
-------
----
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs N L Hanson
( 38,247)
( 161)
( 38,408)
Mr J P Eagle
( 16,460)
( 16,460)
Mr D W Hirst
( 25,369)
( 25,369)
-------
----
-------
( 80,076)
( 161)
( 80,237)
-------
----
-------