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REGISTERED NUMBER: 04392633 (England and Wales)












HOBHOLE PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HOBHOLE PROPERTIES LIMITED (REGISTERED NUMBER: 04392633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


HOBHOLE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs J A Emmitt





SECRETARY: P.D. Howden





REGISTERED OFFICE: 10 Somersby Green
Boston
Lincolnshire
PE21 9PH





REGISTERED NUMBER: 04392633 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

HOBHOLE PROPERTIES LIMITED (REGISTERED NUMBER: 04392633)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 516,768 516,768

CURRENT ASSETS
Debtors 24,634 183
Cash at bank 618,670 684,727
643,304 684,910
CREDITORS
Amounts falling due within one year 14,239 45,671
NET CURRENT ASSETS 629,065 639,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,145,833

1,156,007

CAPITAL AND RESERVES
Called up share capital 600,000 600,000
Retained earnings 545,833 556,007
SHAREHOLDERS' FUNDS 1,145,833 1,156,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:



Mrs J A Emmitt - Director


HOBHOLE PROPERTIES LIMITED (REGISTERED NUMBER: 04392633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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.

Operating income
Operating income comprises the invoiced value of rents for properties owned by the company. The company is not registered for Value Added Tax.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation would be provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.

The director has considered SSAP19, Accounting for Investment Properties. The standard requires that the properties be included in the balance sheet at open market value with any changes in value being recognised in the accounts. The director has departed from the standard and has not included any change in value in the accounts. In her opinion the values of the properties are in excess of the cost as stated in the balance sheet but no amount has been taken to Investment Revaluation Reserve.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 516,768
NET BOOK VALUE
At 31 March 2024 516,768
At 31 March 2023 516,768

4. RELATED PARTY DISCLOSURES

The company paid management charges amounting to £12,058 (2023 - £12,058) to Marshlands (Lincolnshire).

Mrs Emmitt is a director and 99.9% shareholder of Marshlands (Lincolnshire) to which £23,844.20 was due at the end of the year (2023 - Owed £29,489.70).