HICS PROPERTIES LTD

Company Registration Number:
NI062043 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

HICS PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

HICS PROPERTIES LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 218,792 261,304
Investments: 4 250,050 50
Total fixed assets: 468,842 261,354
Current assets
Stocks: 6,976,016 5,680,754
Debtors:   366,228 343,484
Cash at bank and in hand: 12,603 5,477
Total current assets: 7,354,847 6,029,715
Creditors: amounts falling due within one year:   (6,475,962) (4,964,329)
Net current assets (liabilities): 878,885 1,065,386
Total assets less current liabilities: 1,347,727 1,326,740
Creditors: amounts falling due after more than one year:   (159,063) (177,498)
Provision for liabilities: (50,000) (50,000)
Total net assets (liabilities): 1,138,664 1,099,242
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,137,664 1,098,242
Shareholders funds: 1,138,664 1,099,242

The notes form part of these financial statements

HICS PROPERTIES LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Howard Clarke
Status: Director

The notes form part of these financial statements

HICS PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HICS PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 9 10

HICS PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 496,024
Additions 27,500
Disposals (23,928)
At 31 December 2023 499,596
Depreciation
At 01 January 2023 234,720
Charge for year 54,698
On disposals (8,614)
At 31 December 2023 280,804
Net book value
At 31 December 2023 218,792
At 31 December 2022 261,304

HICS PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Opening Balance £50 Additions £250,000 Closing Balance £250,050