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REGISTERED NUMBER: 14686015 (England and Wales)















Unaudited Financial Statements

for the Period 24 February 2023 to 31 March 2024

for

H S Residential & Lettings Limited

H S Residential & Lettings Limited (Registered number: 14686015)






Contents of the Financial Statements
for the Period 24 February 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H S Residential & Lettings Limited

Company Information
for the Period 24 February 2023 to 31 March 2024







DIRECTOR: P Scott





REGISTERED OFFICE: The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT





REGISTERED NUMBER: 14686015 (England and Wales)





ACCOUNTANTS: Blue Sky
Chartered Accountants
The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT

H S Residential & Lettings Limited (Registered number: 14686015)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,834

CURRENT ASSETS
Debtors 5 941
Cash at bank 84,279
85,220
CREDITORS
Amounts falling due within one year 6 65,643
NET CURRENT ASSETS 19,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,411

PROVISIONS FOR LIABILITIES 325
NET ASSETS 26,086

RESERVES
Retained earnings 26,086
26,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 22 November 2024 and were signed by:





P Scott - Director


H S Residential & Lettings Limited (Registered number: 14686015)

Notes to the Financial Statements
for the Period 24 February 2023 to 31 March 2024

1. Statutory information

H S Residential & Lettings 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.

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.
Plant and machinery etc - 15% on cost

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the period 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.


H S Residential & Lettings Limited (Registered number: 14686015)

Notes to the Financial Statements - continued
for the Period 24 February 2023 to 31 March 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.

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 period 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.

3. Employees and directors

The average number of employees during the period was 3 .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
Additions 7,618
At 31 March 2024 7,618
Depreciation
Charge for period 784
At 31 March 2024 784
Net book value
At 31 March 2024 6,834

5. Debtors: amounts falling due within one year
£   
Other debtors 941

6. Creditors: amounts falling due within one year
£   
Trade creditors 846
Taxation and social security 56,990
Other creditors 7,807
65,643