Hooton Industrial Projects Limited |
Registered number: |
00263544 |
Abridged Balance Sheet |
as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Current assets |
Debtors |
3 |
|
912,505 |
|
|
912,505 |
|
|
Net current assets |
|
|
|
912,505 |
|
|
912,505 |
|
Net assets |
|
|
|
912,505 |
|
|
912,505 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
272,041 |
|
|
272,041 |
Profit and loss account |
|
|
|
640,464 |
|
|
640,464 |
|
Shareholder's funds |
|
|
|
912,505 |
|
|
912,505 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
J Gleek |
Director |
Approved by the board on 3 September 2024 |
|
Hooton Industrial Projects Limited |
Notes to the Abridged Accounts |
for the year ended 31 March 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is derived from wholly continuing activities and comprises the amount receivable from customers for rental of properties and the sale of trading stock. Rental income is recognised in the period to which it relates. Turnover resulting from the sale of trading stock and associated cost of sales are recognised in the period in which the disposal is completed. |
|
|
Going concern |
|
The director has considered the funding and liquidity position of the Company and considers it appropriate to continue to prepare the financial statements on a going concern basis. |
|
|
Related party exemption |
|
The company has taken advantage of the exemption in FRS 102 not to disclose related party transactions or balances with entities which form part of the group. |
|
|
Stock |
|
Stock comprises properties held for development and is stated at the lower of cost or net realisable value. |
|
|
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. |
|
Taxation |
|
Taxation comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets or liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Amounts owed by fellow group undertakings |
912,505 |
|
912,505 |
|
|
|
|
|
|
|
|
|
912,505 |
|
912,505 |
|
|
|
|
|
|
|
|
|
4 |
Other information |
|
|
Hooton Industrial Projects Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Richmond House |
|
Avonmouth Way |
|
Avonmouth |
|
Bristol |
|
BS11 8DE |