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REGISTERED NUMBER: 09943924 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

HBINFO Properties (2015) Ltd

HBINFO Properties (2015) Ltd (Registered number: 09943924)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HBINFO Properties (2015) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs G J Thomas





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 09943924 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

HBINFO Properties (2015) Ltd (Registered number: 09943924)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 355,000 355,000

CURRENT ASSETS
Debtors 5 17,239 6,039
Cash at bank 156,001 130,898
173,240 136,937
CREDITORS
Amounts falling due within one year 6 594,974 567,159
NET CURRENT LIABILITIES (421,734 ) (430,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,734

)

(75,222

)

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 70,396 70,396
Retained earnings (137,132 ) (145,620 )
SHAREHOLDERS' FUNDS (66,734 ) (75,222 )

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 director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





Mrs G J Thomas - Director


HBINFO Properties (2015) Ltd (Registered number: 09943924)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

HBINFO Properties (2015) Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company's liabilities exceed the company's assets at the balance sheet date. In the opinion of the director, the company will continue trading in the foreseeable future and the accounts have been prepared on the going concern basis.

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.

3. EMPLOYEES AND DIRECTORS

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

HBINFO Properties (2015) Ltd (Registered number: 09943924)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 355,000
NET BOOK VALUE
At 31 January 2024 355,000
At 31 January 2023 355,000

Cost or valuation at 31 January 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 70,396
Cost 284,604
355,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 284,604 284,604

Investment properties were valued on an open market basis on 31 January 2023 by the directors of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 17,239 6,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors - 738
Amounts owed to participating interests 591,181 564,181
Taxation and social security 1,993 560
Other creditors 1,800 1,680
594,974 567,159

7. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 70,396

HBINFO Properties (2015) Ltd (Registered number: 09943924)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mrs G J Thomas
Balance outstanding at start of year 5,329 7,244
Amounts advanced 12,000 85,000
Amounts repaid (743 ) (86,915 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,586 5,329

9. RELATED PARTY DISCLOSURES

During the year, the company received an interest free loan from HBINFO Limited. Mrs G J Thomas is a director of both companies, owning 50% of the share capital in HBINFO Limited and 100% of the share capital in HBINFO Properties (2015) Ltd. The balance owed at the balance sheet date was £510,431 (2023: £483,431).

During the year, the company received an interest free loan from HBINFO Properties Limited. Mrs G J Thomas is a director of both companies, owning 50% of the share capital in HBINFO Limited and 100% of the share capital in HBINFO Properties (2015) Ltd. The balance owed at the balance sheet date was £80,750 (2023: £80,750).