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REGISTERED NUMBER: 08031716 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOWELLS PROPERTY INVESTMENT LIMITED

HOWELLS PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08031716)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOWELLS PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A K Howells
Mrs L M Howells





SECRETARY:





REGISTERED OFFICE: Michaelmas Barn
Aston Lane
Aston by Stone
Stafford
Staffordshire
ST15 0BW





REGISTERED NUMBER: 08031716 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

HOWELLS PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08031716)

BALANCE SHEET
31 MARCH 2024

31/3/23 31/3/24
£    Notes £   
FIXED ASSETS
767,671 Investment property 4 963,980

CURRENT ASSETS
284 Debtors 5 134
24,601 Cash at bank 24,570
24,885 24,704
CREDITORS
(573,184 ) Amounts falling due within one year 6 (753,578 )
(548,299 ) NET CURRENT LIABILITIES (728,874 )
219,372 TOTAL ASSETS LESS CURRENT
LIABILITIES

235,106

CAPITAL AND RESERVES
100 Called up share capital 100
219,272 Retained earnings 235,006
219,372 SHAREHOLDERS' FUNDS 235,106

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

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

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 13 November 2024 and were signed on its behalf by:




Mr A K Howells - Director



Mrs L M Howells - Director


HOWELLS PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 08031716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Howells Property Investment 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 767,671
Additions 550,000
Disposals (353,691 )
At 31 March 2024 963,980
NET BOOK VALUE
At 31 March 2024 963,980
At 31 March 2023 767,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 134 284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 21,667 42,728
Trade creditors (1 ) 1
Taxation and social security 2,217 560
Other creditors 729,695 529,895
753,578 573,184

The Inter Company Loan is an interest free loan from BHG (Stone) Ltd that is payable on demand. The directors owns 100% of the shares in BHG (Stone) Ltd.