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HOWDLE PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2024






HOWDLE PROPERTIES LIMITED (REGISTERED NUMBER: 03553250)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

HOWDLE PROPERTIES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G Howdle
V A Howdle



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 03553250 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Virgin Money
194 York Road
Leeds
West Yorkshire
LS9 9LN

HOWDLE PROPERTIES LIMITED (REGISTERED NUMBER: 03553250)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,837,900 1,649,894

CURRENT ASSETS
Debtors 5 147,500 335,846
Cash at bank and in hand 113,849 202,602
261,349 538,448
CREDITORS
Amounts falling due within one year 6 91,524 121,418
NET CURRENT ASSETS 169,825 417,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,007,725

2,066,924

CREDITORS
Amounts falling due after more than one
year

7

-

180,000
NET ASSETS 2,007,725 1,886,924

CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Retained earnings 9 2,006,525 1,885,724
SHAREHOLDERS' FUNDS 2,007,725 1,886,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




G Howdle - Director


HOWDLE PROPERTIES LIMITED (REGISTERED NUMBER: 03553250)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Howdle 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

HOWDLE PROPERTIES LIMITED (REGISTERED NUMBER: 03553250)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 1,507,321 110,000 4,000
Additions 616,434 - 6,120
Disposals (341,263 ) (110,000 ) -
At 30 April 2024 1,782,492 - 10,120
DEPRECIATION
At 1 May 2023 8,055 - 1,912
Charge for year - - 1,231
Eliminated on disposal - - -
At 30 April 2024 8,055 - 3,143
NET BOOK VALUE
At 30 April 2024 1,774,437 - 6,977
At 30 April 2023 1,499,266 110,000 2,088

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 85,889 1,965 1,709,175
Additions 32,687 1,500 656,741
Disposals (14,120 ) - (465,383 )
At 30 April 2024 104,456 3,465 1,900,533
DEPRECIATION
At 1 May 2023 47,350 1,964 59,281
Charge for year 10,684 500 12,415
Eliminated on disposal (9,063 ) - (9,063 )
At 30 April 2024 48,971 2,464 62,633
NET BOOK VALUE
At 30 April 2024 55,485 1,001 1,837,900
At 30 April 2023 38,539 1 1,649,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Excel Flooring (Leeds) Limited 147,500 229,500
Mardle Homes Ltd - 90,000
Prepayments - 16,346
147,500 335,846

HOWDLE PROPERTIES LIMITED (REGISTERED NUMBER: 03553250)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Advance receipts 2,205 -
Tax 30,219 71,460
Directors' loan accounts 52,480 18,264
Accrued expenses 6,620 31,694
91,524 121,418

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Loans - 180,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
400 Ordinary Share A £1 400 400
400 Ordinary Share B £1 400 400
400 Ordinary Share C £1 400 400
1,200 1,200

9. RESERVES
Retained
earnings
£   

At 1 May 2023 1,885,724
Profit for the year 120,801
At 30 April 2024 2,006,525

10. RELATED PARTY DISCLOSURES

During the year, the company received loans from Excel Flooring Limited, a company where the shareholders have an interest.It also rented some of its property to that company. Rents & management fees charged for the year were £120,000 (2022, £120,000) and at the year end Excel Flooring (Leeds) Limited owed the company £229,500 (2021, £109,500).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Howdle Properties Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Howdle Properties Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Howdle Properties Limited, as a body, in accordance with the terms of our engagement letter dated 27 April 1998. Our work has been undertaken solely to prepare for your approval the financial statements of Howdle Properties Limited and state those matters that we have agreed to state to the Board of Directors of Howdle Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Howdle Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Howdle Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Howdle Properties Limited. You consider that Howdle Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Howdle Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


12 August 2024