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REGISTERED NUMBER: 13198917 (England and Wales)















Financial Statements for the Year Ended 29th February 2024

for

Hiyer Properties Ltd

Hiyer Properties Ltd (Registered number: 13198917)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hiyer Properties Ltd

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Dr V S Iyer
C J Iyer
A V Iyer





REGISTERED OFFICE: 29 West End
South Cave
Brough
HU15 2EX





REGISTERED NUMBER: 13198917 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

Hiyer Properties Ltd (Registered number: 13198917)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 619,483 619,483

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 17,296 4,348
17,396 4,448
CREDITORS
Amounts falling due within one year 6 402,086 387,080
NET CURRENT LIABILITIES (384,690 ) (382,632 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,793

236,851

CREDITORS
Amounts falling due after more than
one year

7

240,763

240,763
NET LIABILITIES (5,970 ) (3,912 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (6,070 ) (4,012 )
SHAREHOLDERS' FUNDS (5,970 ) (3,912 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

Hiyer Properties Ltd (Registered number: 13198917)

Balance Sheet - continued
29th February 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 Board of Directors and authorised for issue on 24th October 2024 and were signed on its behalf by:




Dr V S Iyer - Director C J Iyer - Director




A V Iyer - Director


Hiyer Properties Ltd (Registered number: 13198917)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Hiyer Properties 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.

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

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).

Hiyer Properties Ltd (Registered number: 13198917)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st March 2023
and 29th February 2024 619,483
NET BOOK VALUE
At 29th February 2024 619,483
At 28th February 2023 619,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Directors' current accounts 401,305 386,323
Accrued expenses 781 757
402,086 387,080

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Mortgage 240,763 240,763

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 240,763 240,763

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

Hiyer Properties Ltd (Registered number: 13198917)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

9. RESERVES
Retained
earnings
£   

At 1st March 2023 (4,012 )
Deficit for the year (2,058 )
At 29th February 2024 (6,070 )