Registered number
08501403
D J Hughes Properties Limited
Unaudited Filleted Accounts
30 April 2024
D J Hughes Properties Limited
Registered number: 08501403
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 409,572 409,944
Current assets
Cash at bank and in hand 31,006 8,637
Creditors: amounts falling due within one year 4 (196,010) (229,322)
Net current liabilities (165,004) (220,685)
Total assets less current liabilities 244,568 189,259
Creditors: amounts falling due after more than one year 5 (26,251) (19,364)
Net assets 218,317 169,895
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 36,468 36,468
Profit and loss account 181,749 133,327
Shareholders' funds 218,317 169,895
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr David J Hughes
Director
Approved by the board on 17 September 2024
D J Hughes Properties Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 408,817 12,798 421,615
At 30 April 2024 408,817 12,798 421,615
Depreciation
At 1 May 2023 - 11,671 11,671
Charge for the year - 372 372
At 30 April 2024 - 12,043 12,043
Net book value
At 30 April 2024 408,817 755 409,572
At 30 April 2023 408,817 1,127 409,944
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 6,500
Taxation and social security costs 12,490 10,367
Other creditors 173,520 212,455
196,010 229,322
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 26,251 19,364
6 Revaluation reserve 2024 2023
£ £
At 1 May 2023 36,468 36,468
At 30 April 2024 36,468 36,468
7 Other information
D J Hughes Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
27 Fallowfield Drive
Rochdale
OL12 6NA
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