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REGISTERED NUMBER: 09315659 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Nick Hynes Real Estate Limited

Nick Hynes Real Estate Limited (Registered number: 09315659)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Nick Hynes Real Estate Limited (Registered number: 09315659)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 707 1,177
707 1,177

CURRENT ASSETS
Debtors 6 504,544 385,918
Cash at bank 23,382 118,332
527,926 504,250
CREDITORS
Amounts falling due within one year 7 (45,105 ) (40,478 )
NET CURRENT ASSETS 482,821 463,772
TOTAL ASSETS LESS CURRENT LIABILITIES 483,528 464,949

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 483,428 464,849
SHAREHOLDERS' FUNDS 483,528 464,949

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 16 August 2024 and were signed on its behalf by:





Mr N Hynes - Director


Nick Hynes Real Estate Limited (Registered number: 09315659)

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

1. STATUTORY INFORMATION

Nick Hynes Real Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09315659

Registered office: Thorncliffe House
111 London Road
Macclesfield
Cheshire
SK11 7RL

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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Nick Hynes Real Estate Limited (Registered number: 09315659)

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

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 December 2022
and 30 November 2023 1,989
AMORTISATION
At 1 December 2022
and 30 November 2023 1,989
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022
and 30 November 2023 2,631
DEPRECIATION
At 1 December 2022 1,454
Charge for year 470
At 30 November 2023 1,924
NET BOOK VALUE
At 30 November 2023 707
At 30 November 2022 1,177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4,680 16,380
Other debtors 499,864 369,538
504,544 385,918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 20,302 40,049
Other creditors 24,803 429
45,105 40,478

Nick Hynes Real Estate Limited (Registered number: 09315659)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year - 2,070

9. RELATED PARTY DISCLOSURES

Mr N Hynes is also a director and shareholder of Jordangate Property Investment Limited.

At the year end the company owed Nick Hynes Real Estate Limited £100,000.