HMFFR Limited
Registered number
10516702
Filleted Accounts
29 February 2024
HMFFR Limited
Registered number: 10516702
Balance Sheet
as at 29 February 2024
Notes 2024 2022
£ £
Current assets
Debtors 3 711,686 711,686
Cash at bank and in hand 40 40
711,726 711,726
Creditors: amounts falling due within one year 4 (94,954) (94,954)
Net current assets 616,772 616,772
Total assets less current liabilities 616,772 616,772
Creditors: amounts falling due after more than one year 5 (1,045,506) (1,045,506)
Net liabilities (428,734) (428,734)
Capital and reserves
Called up share capital 100 100
Profit and loss account (428,834) (428,834)
Shareholder's funds (428,734) (428,734)
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 member has 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.
Charles William Clements
Director
Approved by the board on 26 November 2024
HMFFR Limited
Notes to the Accounts
for the period from 1 September 2022 to 29 February 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).
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 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 711,686 711,686
4 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors 3,287 3,287
Other creditors 91,667 91,667
94,954 94,954
5 Creditors: amounts falling due after one year 2024 2022
£ £
Bank loans 45,506 45,506
Other creditors 1,000,000 1,000,000
1,045,506 1,045,506
A loan included in Other creditors above in the sum of £1,000,000 is secured by way of fixed and floating charges over the assets of the company.
6 Controlling party
HMW Group Limited, a company in England with company number 10516702, is the controlling party.
7 Other information
HMFFR Limited is a private company limited by shares and incorporated in England. Its registered office is:
Letraset Building
Wotton Road
Ashford
TN23 6LN
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