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REGISTERED NUMBER: 13758738 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

H&G PROPERTY HOLDINGS LTD

H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)






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


H&G PROPERTY HOLDINGS LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: Mr R M Carpenter





REGISTERED OFFICE: 3 Greville Close
Welham Green
North Mymms
Hatfield
Hertfordshire
AL9 7ED





REGISTERED NUMBER: 13758738 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 299,000 150,000

CURRENT ASSETS
Debtors 5 266 116
Cash at bank and in hand 1,763 43,385
2,029 43,501
CREDITORS
Amounts falling due within one year 6 2,246 4,634
NET CURRENT (LIABILITIES)/ASSETS (217 ) 38,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,783

188,867

CREDITORS
Amounts falling due after more than one
year

7

(292,926

)

(185,190

)

PROVISIONS FOR LIABILITIES 9 (6,313 ) (2,263 )
NET (LIABILITIES)/ASSETS (456 ) 1,414

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (556 ) 1,314
SHAREHOLDERS' FUNDS (456 ) 1,414

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 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.

H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)

BALANCE SHEET - continued
30 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





Mr R M Carpenter - Director


H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

H&G Property Holdings Ltd 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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director, the shareholders and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

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.

H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)

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 1 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 150,000
Additions 135,399
Revaluations 13,601
At 30 November 2023 299,000
NET BOOK VALUE
At 30 November 2023 299,000
At 30 November 2022 150,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 19,626
Valuation in 2023 13,601
Cost 265,773
299,000

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

30.11.23 30.11.22
£    £   
Cost 265,773 130,374

Investment property was valued on an open market basis on 30 November 2023 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments and accrued income 266 116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 3,910
Trade creditors 1,046 223
Other creditors 450 -
Accruals 750 501
2,246 4,634

H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years - 49,968
Bank loans more than 5 years
by instalments 53,879 -
Mortgage 181,269 93,750
Other creditors 15,400 16,000
Directors' loan accounts 42,378 25,472
292,926 185,190

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 181,269 93,750

Repayable by instalments
Bank loans more than 5 years
by instalments 53,879 -
53,879 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Mortgage 181,269 93,750

The Mortgage are secured by way of a legal charge on the properties concerned.

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Other timing differences 6,313 2,263

Deferred
tax
£   
Balance at 1 December 2022 2,263
Provided during year 4,050
Balance at 30 November 2023 6,313

H&G PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 13758738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100