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REGISTERED NUMBER: 06502088 (England and Wales)








































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

H.A. England (Properties) Limited

H.A. England (Properties) Limited (Registered number: 06502088)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


H.A. England (Properties) Limited (Registered number: 06502088)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437,468 437,468

CURRENT ASSETS
Debtors 5 2,133 13,133
Cash at bank and in hand 52,841 28,094
54,974 41,227
CREDITORS
Amounts falling due within one year 6 18,994 18,138
NET CURRENT ASSETS 35,980 23,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,448

460,557

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 473,445 460,554
SHAREHOLDERS' FUNDS 473,448 460,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 25 September 2024 and were signed on its behalf by:



Mrs D P Rigby - Director


H.A. England (Properties) Limited (Registered number: 06502088)

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


1. STATUTORY INFORMATION

H.A. England (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06502088

Registered office: Unit 1 Comtech Park
Manchester Road
Westhoughton
Bolton
Lancashire
BL5 3QY

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.

The financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
The amount of revenue can be reasonably measured;
It is probably that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

H.A. England (Properties) Limited (Registered number: 06502088)

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


2. ACCOUNTING POLICIES - continued

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

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairments losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with FRS102, as follows:

No depreciation is provided in respect of investment properties and they may be revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to a give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Share capital
Ordinary shares are classified as equity. Equity investments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial investment measurement is on a present value basis.

Taxation
The tax expense for the period comprises current tax and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.


H.A. England (Properties) Limited (Registered number: 06502088)

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


2. ACCOUNTING POLICIES - continued
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.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

H.A. England (Properties) Limited (Registered number: 06502088)

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


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 437,468
NET BOOK VALUE
At 31 March 2024 437,468
At 31 March 2023 437,468

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Deferred tax asset 453 453

Amounts falling due after more than one year:
I/co loan - H.A. England
(Engineers) Limited 1,680 12,680
1,680 12,680

Aggregate amounts 2,133 13,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 6,469 6,469
Corporation tax 12,525 11,669
18,994 18,138

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,469 6,469

H.A. England (Properties) Limited (Registered number: 06502088)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

9. RESERVES
Retained
earnings
£   

At 1 April 2023 460,554
Profit for the year 48,891
Dividends (36,000 )
At 31 March 2024 473,445

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the following director's loan balances were outstanding:
R England: the company owed £nil (2023: £nil).
D Rigby: the director owed £nil (2023: £nil).
A Rigby: the company owed £nil (2023: £nil).

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Autoguage Limited, incorporated in England and Wales.

The ultimate controlling party is the directors, by virtue of their shareholding in the parent company, Autoguage Limited.