1 July 2023 v2024.42.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP102353602023-07-012024-06-30102353602024-06-30102353602023-06-3010235360core:WithinOneYear2024-06-3010235360core:WithinOneYear2023-06-3010235360core:ShareCapital2024-06-3010235360core:ShareCapital2023-06-3010235360core:OtherReservesSubtotal2024-06-3010235360core:OtherReservesSubtotal2023-06-3010235360core:RetainedEarningsAccumulatedLosses2024-06-3010235360core:RetainedEarningsAccumulatedLosses2023-06-3010235360bus:Director12023-07-012024-06-3010235360bus:RegisteredOffice2023-07-012024-06-30102353602022-07-012023-06-3010235360core:LandBuildings2024-06-3010235360core:LandBuildings2023-06-301023536012023-07-012024-06-3010235360countries:EnglandWales2023-07-012024-06-3010235360bus:AuditExemptWithAccountantsReport2023-07-012024-06-3010235360bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010235360bus:SmallEntities2023-07-012024-06-3010235360bus:FullAccounts2023-07-012024-06-30
Company registration number:
10235360
Hanningtons Property Development and Lettings Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Hanningtons Property Development and Lettings Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Hanningtons Property Development and Lettings Limited
Year ended
30 June 2024
As described on the statement of financial position, the Board of Directors of
Hanningtons Property Development and Lettings Limited
are responsible for the preparation of the
financial statements
for the year ended
30 June 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Gina Bartlett t/a Bartlett Accounting services
2 Wigmore Road
Tadley
RG26 4HH
United Kingdom
Date:
12 September 2024
Hanningtons Property Development and Lettings Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
300,000
 
300,000
 
Current assets    
Debtors 6
4,075
  -  
Cash at bank and in hand
16,022
 
18,484
 
20,097
 
18,484
 
Creditors: amounts falling due within one year 7
(231,170
)
(251,433
)
Net current liabilities
(211,073
)
(232,949
)
Total assets less current liabilities 88,927   67,051  
Capital and reserves    
Called up share capital
100
 
100
 
Other reserves
6,096
 
6,096
 
Profit and loss account
82,731
 
60,855
 
Shareholders funds
88,927
 
67,051
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
12 September 2024
, and are signed on behalf of the board by:
Pandora Maple
Director
Company registration number:
10235360
Hanningtons Property Development and Lettings Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Treloar
,
Loves Wood
,
Mortimer Common
,
Berkshire
,
RG7 2JX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in immediately.
Any reversals of impairment are recognised in immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Rents received

Rent is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Income is derived from the rendering of property rental services.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Land and buildings
£
Cost  
At
1 July 2023
and
30 June 2024
300,000
 
Depreciation  
At
1 July 2023
and
30 June 2024
-  
Carrying amount  
At
30 June 2024
300,000
 
At 30 June 2023
300,000
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying value at
1 July 2023
and
30 June 2024
300,000
 

6 Debtors

20242023
££
Trade debtors
4,075
  -  

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
225,003
 
225,003
 
Taxation and social security
5,601
 
10,519
 
Other creditors
566
 
15,911
 
231,170
 
251,433