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REGISTERED NUMBER: 03197176 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

HPC Corporation Limited

HPC Corporation Limited (Registered number: 03197176)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HPC Corporation Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J A Hinchliffe





REGISTERED OFFICE: Little Lydgate Farm
Main Road
Holmesfield
Sheffield
S18 7WB





REGISTERED NUMBER: 03197176 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

HPC Corporation Limited (Registered number: 03197176)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 10,080 10,080
Investment property 6 704,740 704,740
714,820 714,820

CURRENT ASSETS
Debtors 7 1,341,176 1,679,365
Cash at bank 6,828,816 5,731,597
8,169,992 7,410,962
CREDITORS
Amounts falling due within one year 8 7,409,077 7,449,012
NET CURRENT ASSETS/(LIABILITIES) 760,915 (38,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,475,735

676,770

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Share premium 671,333 671,333
Retained earnings 800,402 1,437
SHAREHOLDERS' FUNDS 1,475,735 676,770

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 his 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.

HPC Corporation Limited (Registered number: 03197176)

Balance Sheet - continued
31 March 2024


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 1 August 2024 and were signed by:





J A Hinchliffe - Director


HPC Corporation Limited (Registered number: 03197176)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

HPC Corporation 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.

Preparation of consolidated financial statements
The financial statements contain information about HPC Corporation Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents management charges receivable, excluding value added tax.

Rents receivable on property income are included in other income.

Intangible assets
Goodwill, being the amount paid in connection with the acquisition of the business in 2011 has been fully amortised.

Investment property
Investment property is not depreciated but is revalued annually at its fair value with any surplus or deficit reflected in the profit and loss account and transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,340,786
AMORTISATION
At 1 April 2023
and 31 March 2024 1,340,786
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

HPC Corporation Limited (Registered number: 03197176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 13,493
PROVISIONS
At 1 April 2023
and 31 March 2024 3,413
NET BOOK VALUE
At 31 March 2024 10,080
At 31 March 2023 10,080

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 704,740
NET BOOK VALUE
At 31 March 2024 704,740
At 31 March 2023 704,740

Included in fair value of investment property is freehold land of £ 50,000 (2023 - £ 50,000 ) which is not depreciated.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 704,740

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 704,740 704,740
Aggregate depreciation (196,425 ) (183,330 )

Investment property was valued on a fair value basis on 31 March 2024 by the directors .

HPC Corporation Limited (Registered number: 03197176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,000 9,000
Amounts owed by group undertakings 1,169,745 1,670,310
Other debtors 162,431 55
1,341,176 1,679,365

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation - 59,009
Social security and other taxes 13 20
Other creditors 5,307,788 5,024,127
Directors' current accounts 1,673,628 2,023,717
Accruals and deferred income 427,648 342,139
7,409,077 7,449,012