REGISTERED NUMBER: |
HOBHOLE PROPERTIES LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
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 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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). |