Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 15 December 2021 false 1 January 2023 31 December 2023 31 December 2023 13802639 Mrs Joanne Hombal Mr Stephen Hombal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13802639 2022-12-31 13802639 2023-12-31 13802639 2023-01-01 2023-12-31 13802639 frs-core:CurrentFinancialInstruments 2023-12-31 13802639 frs-core:ComputerEquipment 2023-12-31 13802639 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13802639 frs-core:ComputerEquipment 2022-12-31 13802639 frs-core:FurnitureFittings 2023-12-31 13802639 frs-core:FurnitureFittings 2023-01-01 2023-12-31 13802639 frs-core:FurnitureFittings 2022-12-31 13802639 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 13802639 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 13802639 frs-core:ShareCapital 2023-12-31 13802639 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13802639 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13802639 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13802639 frs-bus:SmallEntities 2023-01-01 2023-12-31 13802639 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13802639 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13802639 frs-bus:Director1 2023-01-01 2023-12-31 13802639 frs-bus:Director2 2023-01-01 2023-12-31 13802639 frs-countries:EnglandWales 2023-01-01 2023-12-31 13802639 2021-12-14 13802639 2022-12-31 13802639 2021-12-15 2022-12-31 13802639 frs-core:CurrentFinancialInstruments 2022-12-31 13802639 frs-core:ShareCapital 2022-12-31 13802639 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13802639
HBL Property Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13802639
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 522,383 498,575
522,383 498,575
CURRENT ASSETS
Debtors 5 1,300 1,300
Cash at bank and in hand 45,670 25,639
46,970 26,939
Creditors: Amounts Falling Due Within One Year 6 (552,606 ) (549,421 )
NET CURRENT ASSETS (LIABILITIES) (505,636 ) (522,482 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,747 (23,907 )
NET ASSETS/(LIABILITIES) 16,747 (23,907 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 16,647 (24,007 )
SHAREHOLDERS' FUNDS 16,747 (23,907)
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Hombal
Director
10/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
HBL Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13802639 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually 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 for. The fair value of property was determined by the director and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 January 2023 498,000 268 499 498,767
Revaluation 24,000 - - 24,000
As at 31 December 2023 522,000 268 499 522,767
Depreciation
As at 1 January 2023 - 67 125 192
Provided during the period - 67 125 192
As at 31 December 2023 - 134 250 384
Net Book Value
As at 31 December 2023 522,000 134 249 522,383
As at 1 January 2023 498,000 201 374 498,575
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 1,300 1,300
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Corporation tax 3,951 766
Other creditors 1,449 1,449
Accruals and deferred income 1,206 1,206
Directors' loan accounts 546,000 546,000
552,606 549,421
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
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