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REGISTERED NUMBER: 14545780 (England and Wales)
























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 4 904,109

CURRENT ASSETS
Debtors 5 211

CREDITORS
Amounts falling due within one year 6 375,996
NET CURRENT LIABILITIES (375,785 )
TOTAL ASSETS LESS CURRENT LIABILITIES 528,324

CREDITORS
Amounts falling due after more than one
year

7

563,334
NET LIABILITIES (35,010 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (35,110 )
(35,010 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





D A Bull - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14545780

Registered office: Ground Floor St. Davids House
11 Blenheim Court
Brownfields
Welwyn Garden City
Hertfordshire
AL7 1AD

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 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 904,109
At 31 March 2024 904,109
NET BOOK VALUE
At 31 March 2024 904,109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Mortgage loan 18,680
Trade creditors 17
Amounts owed to group undertakings 355,902
Taxation and social security 647
Other creditors 750
375,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Mortgage loans 563,334

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 582,014

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.