Company registration number: 11526647
Unaudited financial statements
for the year ended 31 August 2024
for
Graham Hooper Property Management Ltd
Pages for filing with the Registrar
Company registration number: 11526647
Graham Hooper Property Management Ltd
Balance sheet
as at 31 August 2024
31 Aug 24 31 Aug 23
Note £ £ £ £
Fixed assets
Investment property 4 225,133 225,133
225,133 225,133
Current assets
Cash at bank and in hand 5,941 3,163
5,941 3,163
Creditors: amounts falling due within
one year
(58,715) (58,580)
Net current liabilities (52,774) (55,417)
Total assets less current liabilities 172,359 169,716
Creditors: Amounts falling due after
more than one year
5 (163,105) (163,105)
Provisions for liabilities (3,750) (2,850)
NET ASSETS 5,504 3,761
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,503 3,760
TOTAL EQUITY 5,504 3,761
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11526647
Graham Hooper Property Management Ltd
Balance sheet - continued
as at 31 August 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr G Hooper, Director
18 September 2024
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Graham Hooper Property Management Ltd
Notes to the financial statements
for the year ended 31 August 2024
1 Company information
The company is registered in England and Wales. Its registered number is 11526647. The company is limited by shares. Its registered office is 6 Pearmain Way, Ashford, Kent, TN23 5JL.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Graham Hooper Property Management Ltd
Notes to the financial statements - continued
for the year ended 31 August 2024
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Investment property
£
Valuation
At 1 September 2023 225,133
At 31 August 2024 225,133
5 Creditors: amounts falling due after more than five years
31 Aug 24 31 Aug 23
£ £
Repayable otherwise than by instalments
Bank loans 163,105 163,105
163,105 163,105
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 August 2024 and 31 August 2023.
31 Aug 24 31 Aug 23
£ £
Mr Graham Hooper
Balance outstanding at start of year (58,230) (29,005)
Amounts advanced (50) (29,225)
Balance outstanding at end of year (58,280) (58,230)
No interest is payable on the credit balance due to the director.
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