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REGISTERED NUMBER: 12243592 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HJY PROPERTIES LIMITED

HJY PROPERTIES LIMITED (REGISTERED NUMBER: 12243592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HJY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs J L B Yemm
Mr H M Yemm





REGISTERED OFFICE: 83 Alwyn Road
Bilton
Rugby
CV22 7QU





REGISTERED NUMBER: 12243592 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

HJY PROPERTIES LIMITED (REGISTERED NUMBER: 12243592)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 210,000 166,728

CURRENT ASSETS
Debtors 5 5,000 5,000
Cash at bank 1,083 1,784
6,083 6,784
CREDITORS
Amounts falling due within one year 6 21,430 15,584
NET CURRENT LIABILITIES (15,347 ) (8,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,653

157,928

CREDITORS
Amounts falling due after more than one
year

7

(155,965

)

(145,757

)

PROVISIONS FOR LIABILITIES (5,311 ) -
NET ASSETS 33,377 12,171

CAPITAL AND RESERVES
Called up and paid share capital 2 2
Retained earnings 33,375 12,169
33,377 12,171

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

HJY PROPERTIES LIMITED (REGISTERED NUMBER: 12243592)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs J L B Yemm - Director


HJY PROPERTIES LIMITED (REGISTERED NUMBER: 12243592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Hjy Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year 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 and 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 balance sheet date.

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 year 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.

HJY PROPERTIES LIMITED (REGISTERED NUMBER: 12243592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from the director for a period of at least 12 months from the date of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 166,728
Additions 15,315
Revaluations 27,957
At 31 January 2024 210,000
NET BOOK VALUE
At 31 January 2024 210,000
At 31 January 2023 166,728

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 27,957
Cost 182,043
210,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 182,043 166,728

Investment property was valued on an open market basis on 31 January 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 5,000 5,000

HJY PROPERTIES LIMITED (REGISTERED NUMBER: 12243592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 16,817 718
Other creditors 4,613 14,866
21,430 15,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 155,965 145,757

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 145,757 145,757

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 158,628 145,757

Belmont Green Finance Limited holds a fixed charge over the investment property owned by the company.