REGISTERED NUMBER: |
HYDROCERT PROPERTY LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
16 DECEMBER 2022 TO 31 MARCH 2024 |
REGISTERED NUMBER: |
HYDROCERT PROPERTY LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
16 DECEMBER 2022 TO 31 MARCH 2024 |
HYDROCERT PROPERTY LTD (REGISTERED NUMBER: 14545780) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
HYDROCERT PROPERTY LTD (REGISTERED NUMBER: 14545780) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
HYDROCERT PROPERTY LTD (REGISTERED NUMBER: 14545780) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Hydrocert Property Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover arises from the renting of the investment property. |
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. |
Taxation |
Turnover arises from the renting of the investment property. |
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 period 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. |
Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.. |
Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and |
other financial liabilities are initially recognised at transaction price net of any transaction costs and |
subsequently measured at amortised cost determined using the effective interest method. |
Provisions |
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the |
reporting date as a result of a past event, it is probable that economic benefit will be transferred to |
settle the obligation and the amount of the obligation can be estimated reliably. |
HYDROCERT PROPERTY LTD (REGISTERED NUMBER: 14545780) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Mortgage loan |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Mortgage loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Mortgage loan | 465,700 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Mortgage loans |
9. | RELATED PARTY DISCLOSURES |
During the year the company rented out the property to Hydrocert Limited for £49,761, which is also owned by C Box and D Bull. At the year end the company owed Hyrdrocert Limited £355.902. |
HYDROCERT PROPERTY LTD (REGISTERED NUMBER: 14545780) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024 |
10. | ULTIMATE CONTROLLING PARTY |
During the year, Chris Box and Dave Bull, directors, together with members of their close families, |
controlled the company by virtue of a controlling interest (directly or indirectly) of 100% (50% each) of |
the issued ordinary share capital. |
11. | GOING CONCERN |
The director believes that despite the economy, existing cash resources, profit and cash generation will |
be sufficient to meet the company's obligations for a period of at least 12 months. The director will |
therefore continue to adopt the going concern basis in preparing the financial statements. |