Registered number
10860042
HC Property Holdings Ltd
Filleted Accounts
30 June 2023
HC Property Holdings Ltd
Registered number: 10860042
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Investments 4 360,130 230,344
Current assets
Cash at bank and in hand 12 491
Creditors: amounts falling due within one year 5 (1,320) (1,140)
Net current liabilities (1,308) (649)
Total assets less current liabilities 358,822 229,695
Creditors: amounts falling due after more than one year 6 (365,852) (235,194)
Net liabilities (7,030) (5,499)
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,130) (5,599)
Shareholders' funds (7,030) (5,499)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lynsey M Clarke
Director
Approved by the board on 23 February 2024
HC Property Holdings Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Company information
HC Property Holdings Ltd is a private company, limited by shares incorporated in England. The company's registered address can be found in the company information on page 1 of these financial statements.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation. Subsequently it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in profit and loss. Where fair value cannot be achieved without undue costs or effort, investment property is accounted for as a tangible fixed asset.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
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