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REGISTERED NUMBER: 02921357 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

H.l. Developments Limited

H.l. Developments Limited (Registered number: 02921357)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H.l. Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K G Harrison
P Lock





SECRETARY:





REGISTERED OFFICE: 28 Falcon Close
Nuneaton
Warwickshire
CV11 6TE





REGISTERED NUMBER: 02921357 (England and Wales)





ACCOUNTANTS: Amos Accountancy & Bookkeeping Services
31 West Street
Swadlincote
Derbyshire
DE11 9DN

H.l. Developments Limited (Registered number: 02921357)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,698 3,271
Investment property 5 400,000 400,000
402,698 403,271

CURRENT ASSETS
Debtors 6 12 44,919
Cash at bank 17,687 23,282
17,699 68,201
CREDITORS
Amounts falling due within one year 7 155,405 194,313
NET CURRENT LIABILITIES (137,706 ) (126,112 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,992

277,159

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 8 (164,742 ) (164,742 )
Retained earnings 429,234 441,401
264,992 277,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:



P Lock - Director


H.l. Developments Limited (Registered number: 02921357)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

H.l. Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

H.l. Developments Limited (Registered number: 02921357)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 16,127
DEPRECIATION
At 1 July 2023 12,856
Charge for year 573
At 30 June 2024 13,429
NET BOOK VALUE
At 30 June 2024 2,698
At 30 June 2023 3,271

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 400,000
NET BOOK VALUE
At 30 June 2024 400,000
At 30 June 2023 400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 12 44,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 4 1
Other creditors 155,401 194,312
155,405 194,313

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 (164,742 )