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REGISTERED NUMBER: 07167928 (England and Wales)





Houghside Properties Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Houghside Properties Limited (Registered number: 07167928)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Houghside Properties Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: C I Hill





REGISTERED OFFICE: The Golf House High Brunthwaite
Silsden
Keighley
West Yorkshire
BD20 0NH





REGISTERED NUMBER: 07167928 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Houghside Properties Limited (Registered number: 07167928)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 437 437
Investments 5 2,000 2,000
Investment property 6 224,349 224,349
226,786 226,786

CURRENT ASSETS
Debtors 7 13,889 13,889
Cash at bank 15,307 19,287
29,196 33,176
CREDITORS
Amounts falling due within one year 8 (292,749 ) (292,748 )
NET CURRENT LIABILITIES (263,553 ) (259,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,767

)

(32,786

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (36,867 ) (32,886 )
(36,767 ) (32,786 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Houghside Properties Limited (Registered number: 07167928)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





C I Hill - Director


Houghside Properties Limited (Registered number: 07167928)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Houghside 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 etc - 25% on reducing balance

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.

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 NIL (2023 - NIL).

Houghside Properties Limited (Registered number: 07167928)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 32,644
DEPRECIATION
At 1 July 2023
and 30 June 2024 32,207
NET BOOK VALUE
At 30 June 2024 437
At 30 June 2023 437

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 July 2023
and 30 June 2024 2,000

The investment property was purchased by the company on 14th April 2015 for £224,349 which includes all associated costs of purchasing the property.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 224,349
NET BOOK VALUE
At 30 June 2024 224,349
At 30 June 2023 224,349

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,889 13,889

Houghside Properties Limited (Registered number: 07167928)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2 1
Other creditors 292,747 292,747
292,749 292,748

9. RELATED PARTY DISCLOSURES

Included within debtors at 30 June 2023 is a balance of £13,889 (2022: £13,889) due from the shareholder D Aspey. The balance is interest free and repayable on demand.

Included within creditors at 30 June 2023 is a balance of £292,747 (2022: £292,747) due to the shareholders of the company in relation to the purchase of the investment properties.