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REGISTERED NUMBER: 06600664 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HD LIMITED

HD LIMITED (REGISTERED NUMBER: 06600664)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs Glenda Pryce Hegarty
Mr Nicholas Guy Hegarty





SECRETARY: Mrs Glenda Pryce Hegarty





REGISTERED OFFICE: 8 Merthyr Mawr Road North
Bridgend
CF31 3NH





REGISTERED NUMBER: 06600664 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

HD LIMITED (REGISTERED NUMBER: 06600664)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,372 6,467
Investment property 5 46,365,000 45,222,578
46,398,372 45,229,045

CURRENT ASSETS
Debtors 6 151,843 96,154
Cash and cash equivalents 182,558 756,915
334,401 853,069
CREDITORS
Amounts falling due within one year 7 40,028,160 453,596
NET CURRENT (LIABILITIES)/ASSETS (39,693,759 ) 399,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,704,613

45,628,518

CREDITORS
Amounts falling due after more than one
year

8

-

(39,917,848

)

PROVISIONS FOR LIABILITIES 10 (109,119 ) -
NET ASSETS 6,595,494 5,710,670

CAPITAL AND RESERVES
Called up share capital 11 80 80
Other reserves 12 327,358 -
Retained earnings 12 6,268,056 5,710,590
SHAREHOLDERS' FUNDS 6,595,494 5,710,670

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.

HD LIMITED (REGISTERED NUMBER: 06600664)

BALANCE SHEET - continued
30 NOVEMBER 2023



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:





Mr Nicholas Guy Hegarty - Director


HD LIMITED (REGISTERED NUMBER: 06600664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

HD 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.

The presentation 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account

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 (2022 - NIL).

HD LIMITED (REGISTERED NUMBER: 06600664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2022 85,814 - 85,814
Additions 31,029 7,000 38,029
At 30 November 2023 116,843 7,000 123,843
DEPRECIATION
At 1 December 2022 79,347 - 79,347
Charge for year 9,374 1,750 11,124
At 30 November 2023 88,721 1,750 90,471
NET BOOK VALUE
At 30 November 2023 28,122 5,250 33,372
At 30 November 2022 6,467 - 6,467

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 45,222,578
Additions 705,945
Revaluations 436,477
At 30 November 2023 46,365,000
NET BOOK VALUE
At 30 November 2023 46,365,000
At 30 November 2022 45,222,578

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 436,477
Cost 45,928,523
46,365,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,926 96,154
Prepayments and accrued income 27,917 -
151,843 96,154

HD LIMITED (REGISTERED NUMBER: 06600664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,079,828 200,000
Trade creditors - 17,431
Amounts owed to associates 10,021,373 -
Tax 68,398 185,185
VAT 10,650 44,935
Directors' current accounts 25,816,648 -
Accruals and deferred income 31,263 6,045
40,028,160 453,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 4,079,828
Amounts owed to associates - 9,733,801
Directors' loan accounts - 26,104,219
- 39,917,848

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 4,079,828 4,279,828

The loan is secured by way of a legal mortgage over the charged property as well as a fixed charge, floating charge and negative pledge.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 109,119 -

Deferred
tax
£   
Charge to Income Statement during year 109,119
Balance at 30 November 2023 109,119

HD LIMITED (REGISTERED NUMBER: 06600664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary £1 80 80

12. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 December 2022 5,710,590 - 5,710,590
Profit for the year 884,824 884,824
Revaluations (327,358 ) 327,358 -
At 30 November 2023 6,268,056 327,358 6,595,414

13. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company which is included within Creditors due within 1 year along with a balance owed to HD Limited, a company owned by the directors. Amounts due to/from related parties are interest free and have no determined repayment date.