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REGISTERED NUMBER: 11073587 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

HM365 Limited

HM365 Limited (Registered number: 11073587)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HM365 Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P A Marshall
N J Marshall





REGISTERED OFFICE: Marshall House
Rake Lane
Clifton
Manchester
M27 8LJ





REGISTERED NUMBER: 11073587 (England and Wales)





ACCOUNTANTS: Cobham Murphy PHD Limited
116 Duke Street
Liverpool
L1 5JW

HM365 Limited (Registered number: 11073587)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 327,297 327,297

CURRENT ASSETS
Cash at bank 10,986 13,452

CREDITORS
Amounts falling due within one year 5 340,518 340,559
NET CURRENT LIABILITIES (329,532 ) (327,107 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,235

)

190

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,237 ) 188
SHAREHOLDERS' FUNDS (2,235 ) 190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 14 August 2024 and were signed on its behalf by:





N J Marshall - Director


HM365 Limited (Registered number: 11073587)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

HM365 Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 11073587 and the registered office is Marshall House, Rake Lane, Clifton, Manchester M27 8LJ.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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.

The directors consider that the going concern assumption is appropriate despite the loss and net current liability position as they believe they will be able to meet company obligations as they become due.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

HM365 Limited (Registered number: 11073587)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 327,297
NET BOOK VALUE
At 30 November 2023 327,297
At 30 November 2022 327,297

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed to participating interests 340,518 340,518
Taxation and social security - 42
Other creditors - (1 )
340,518 340,559

6. RELATED PARTY DISCLOSURES

Included within other creditors at the balance sheet date was a balance of £170,259 (2022 - £170,259) owed to PBM Management Ltd, and £170,259 (2022- £170,259) owed to Strang Management Ltd both related parties by virtue of common shareholders. As these balances are due on demand no interest has been charged.