Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3025124682512468falseNo description of principal activity2022-12-0111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07419098 2022-12-01 2023-11-30 07419098 2021-12-01 2022-11-30 07419098 2023-11-30 07419098 2022-11-30 07419098 c:Director1 2022-12-01 2023-11-30 07419098 d:OfficeEquipment 2022-12-01 2023-11-30 07419098 d:FreeholdInvestmentProperty 2023-11-30 07419098 d:FreeholdInvestmentProperty 2022-11-30 07419098 d:LeaseholdInvestmentProperty 2023-11-30 07419098 d:LeaseholdInvestmentProperty 2022-11-30 07419098 d:CurrentFinancialInstruments 2023-11-30 07419098 d:CurrentFinancialInstruments 2022-11-30 07419098 d:Non-currentFinancialInstruments 2023-11-30 07419098 d:Non-currentFinancialInstruments 2022-11-30 07419098 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07419098 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07419098 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 07419098 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 07419098 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 07419098 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 07419098 d:ShareCapital 2023-11-30 07419098 d:ShareCapital 2022-11-30 07419098 d:RetainedEarningsAccumulatedLosses 2023-11-30 07419098 d:RetainedEarningsAccumulatedLosses 2022-11-30 07419098 c:FRS102 2022-12-01 2023-11-30 07419098 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07419098 c:FullAccounts 2022-12-01 2023-11-30 07419098 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07419098 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number:  07419098














HBM PROPERTIES FM LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


 
HBM PROPERTIES FM LIMITED
REGISTERED NUMBER: 07419098

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,256,234
1,256,234

  
1,256,234
1,256,234

Current assets
  

Debtors: amounts falling due within one year
 5 
183
-

Cash at bank and in hand
 6 
2,858
38,887

  
3,041
38,887

Creditors: amounts falling due within one year
 7 
(6,066)
(10,418)

Net current (liabilities)/assets
  
 
 
(3,025)
 
 
28,469

Total assets less current liabilities
  
1,253,209
1,284,703

Creditors: amounts falling due after more than one year
 8 
(1,211,418)
(1,195,932)

  

Net assets
  
41,791
88,771


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
41,787
88,767

  
41,791
88,771


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.




 
Page 1

 
HBM PROPERTIES FM LIMITED
REGISTERED NUMBER: 07419098
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.




P C Hudson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HBM PROPERTIES FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.07419098). The address of the registered office is 1804 Beetham Tower, 111 Old Hall Street, Liverpool, L3 9BD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HBM PROPERTIES FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
HBM PROPERTIES FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1


4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 December 2022
249,213
1,007,021
1,256,234



At 30 November 2023
249,213
1,007,021
1,256,234

The 2023 valuations were made by the director, on an open market value for existing use basis.




Page 5

 
HBM PROPERTIES FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
183
-

183
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,858
38,887

2,858
38,887



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,666
4,239

Corporation tax
-
3,779

Accruals and deferred income
2,400
2,400

6,066
10,418



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
1,211,418
1,195,932

1,211,418
1,195,932


Page 6

 
HBM PROPERTIES FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Other loans
1,211,418
1,195,932



10.


Related party transactions

Included within creditors is an amount of £1,211,418 (2022: £1,195,932) owed to related parties.
All transactions were conducted at an arms length basis.

 
Page 7