REGISTERED NUMBER: |
Hackwood Property Holdings Limited |
Unaudited Financial Statements |
for the Period 16 May 2023 to 31 March 2024 |
REGISTERED NUMBER: |
Hackwood Property Holdings Limited |
Unaudited Financial Statements |
for the Period 16 May 2023 to 31 March 2024 |
Hackwood Property Holdings Limited (Registered number: 14872252) |
Contents of the Financial Statements |
for the period 16 May 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Hackwood Property Holdings Limited |
Company Information |
for the period 16 May 2023 to 31 March 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
250 Fowler Avenue |
Farnborough |
Hampshire |
GU14 7JP |
Hackwood Property Holdings Limited (Registered number: 14872252) |
Balance Sheet |
31 March 2024 |
Notes | £ | £ |
Fixed assets |
Investments | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
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 |
Hackwood Property Holdings Limited (Registered number: 14872252) |
Notes to the Financial Statements |
for the period 16 May 2023 to 31 March 2024 |
1. | Statutory information |
Hackwood Property Holdings Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover comprises revenue recognised by the company in respect of rents receivable. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment properties are included in the balance sheet at their open market value. |
Although this accounting policy is in accordance with the applicable according standard, SSAP 19, Accounting for Investment Properties, it is departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with thermostatic of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
3. | Employees and directors |
The average number of employees during the period was |
Hackwood Property Holdings Limited (Registered number: 14872252) |
Notes to the Financial Statements - continued |
for the period 16 May 2023 to 31 March 2024 |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
5. | Investment property |
Total |
£ |
Fair value |
Additions |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
6. | Debtors: amounts falling due within one year |
£ |
Other debtors |
7. | Creditors: amounts falling due within one year |
£ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | Related party disclosures |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |