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REGISTERED NUMBER: 10871882 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Hurst Warne Commercial Property
Management Ltd

Hurst Warne Commercial Property
Management Ltd (Registered number: 10871882)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hurst Warne Commercial Property
Management Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N J V Atkinson
W E Gelder
M T Leah
N D Pocknall
P F Richards
M Haldane





REGISTERED OFFICE: Atlantic House
96A Clarence Road
Fleet
Hampshire
GU51 3XU





REGISTERED NUMBER: 10871882 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Hurst Warne Commercial Property
Management Ltd (Registered number: 10871882)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,645 15,716
7,645 15,716

CURRENT ASSETS
Debtors 6 236,505 86,595
Cash at bank 155,720 266,781
392,225 353,376
CREDITORS
Amounts falling due within one year 7 261,795 217,116
NET CURRENT ASSETS 130,430 136,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,075

151,976

PROVISIONS FOR LIABILITIES 9 1,859 3,428
NET ASSETS 136,216 148,548

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 136,116 148,448
SHAREHOLDERS' FUNDS 136,216 148,548

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

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

Hurst Warne Commercial Property
Management Ltd (Registered number: 10871882)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





N J V Atkinson - Director


Hurst Warne Commercial Property
Management Ltd (Registered number: 10871882)

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


1. STATUTORY INFORMATION

Hurst Warne Commercial Property Management 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, was amortised over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Office equipment - 33% on cost and 25% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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

Hurst Warne Commercial Property
Management Ltd (Registered number: 10871882)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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, adjusted for indexation where applicable.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 150,000
AMORTISATION
At 1 October 2023
and 30 September 2024 150,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Hurst Warne Commercial Property
Management Ltd (Registered number: 10871882)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 8,140 22,125 22,813 53,078
Additions - 1,457 - 1,457
Disposals - (1,999 ) - (1,999 )
At 30 September 2024 8,140 21,583 22,813 52,536
DEPRECIATION
At 1 October 2023 6,512 15,339 15,511 37,362
Charge for year 1,628 3,121 4,779 9,528
Eliminated on disposal - (1,999 ) - (1,999 )
At 30 September 2024 8,140 16,461 20,290 44,891
NET BOOK VALUE
At 30 September 2024 - 5,122 2,523 7,645
At 30 September 2023 1,628 6,786 7,302 15,716

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 179,160 73,948
Other debtors 57,345 12,647
236,505 86,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 47,369 15,944
Taxation and social security 79,266 88,323
Other creditors 135,160 112,849
261,795 217,116

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 43,482 30,000
Between one and five years 143,232 -
186,714 30,000

Hurst Warne Commercial Property
Management Ltd (Registered number: 10871882)

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


9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 1,859 3,428

Deferred
tax
£   
Balance at 1 October 2023 3,428
Accelerated capital allowances (1,569 )
Balance at 30 September 2024 1,859

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100