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Company Registration No. 07970507 (England and Wales)
Hml Commercial Property Ltd Unaudited accounts for the year ended 31 March 2024
Hml Commercial Property Ltd Unaudited accounts Contents
Page
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Hml Commercial Property Ltd Company Information for the year ended 31 March 2024
Director
Stuart David Rogan
Company Number
07970507 (England and Wales)
Registered Office
UNIT 3D OFFICES BOLTON AVENUE HUNCOAT ACCRINGTON LANCASHIRE BB5 6NJ
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Hml Commercial Property Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
566,771 
444,808 
Current assets
Debtors
12,085 
3,500 
Cash at bank and in hand
562 
685 
12,647 
4,185 
Creditors: amounts falling due within one year
(569,907)
(447,501)
Net current liabilities
(557,260)
(443,316)
Net assets
9,511 
1,492 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
9,510 
1,491 
Shareholders' funds
9,511 
1,492 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Stuart David Rogan Director Company Registration No. 07970507
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Hml Commercial Property Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Hml Commercial Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 07970507. The registered office is UNIT 3D OFFICES, BOLTON AVENUE HUNCOAT, ACCRINGTON, LANCASHIRE, BB5 6NJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible Assets
Land is considered to have an unlimited useful life and therefore it has bot been dpreciated.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Investment property in the course of development is included at cost. Deferred taxation has not been provided for as there is no intention to sell the assets.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
444,808 
Additions
121,963 
At 31 March 2024
566,771 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
566,771 
At 31 March 2023
444,808 
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Hml Commercial Property Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
12,085 
3,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
304,479 
192,479 
Taxes and social security
3,756 
- 
Loans from directors
260,697 
254,047 
Deferred income
975 
975 
569,907 
447,501 
7
Transactions with related parties
At the year end, the company owed £89,700 (2023 - £700) to HML Investment Holdings Ltd, a company under the significant control of Mr Stuart Rogan. At the year end, the company owed £102,779 (2023 - £437,779) to HML Recycling Ltd, a subsidiary of HML Investment Holdings Ltd and a company under the significant control of Mr Stuart Rogan.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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