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Company Registration No. 12449359 (England and Wales)
Hove Property Holdings Limited Unaudited accounts for the year ended 29 February 2024
Hove Property Holdings Limited Unaudited accounts Contents
Page
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Hove Property Holdings Limited Company Information for the year ended 29 February 2024
Director
Rhett Kasim Brewer
Company Number
12449359 (England and Wales)
Registered Office
BURLEY HOUSE, ROWDITCH PLACE ROWDITCH PL UNIT 2, 258 ACCOUNTS DERBY DE22 3LR ENGLAND
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Hove Property Holdings Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,482 
39,279 
Investment property
930,000 
930,000 
1,002,482 
969,279 
Current assets
Debtors
77,917 
77,917 
Cash at bank and in hand
10,078 
134 
87,995 
78,051 
Creditors: amounts falling due within one year
(367,898)
(285,151)
Net current liabilities
(279,903)
(207,100)
Total assets less current liabilities
722,579 
762,179 
Creditors: amounts falling due after more than one year
(689,183)
(714,184)
Net assets
33,396 
47,995 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
106,171 
106,171 
Profit and loss account
(72,776)
(58,177)
Shareholders' funds
33,396 
47,995 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Rhett Kasim Brewer Director Company Registration No. 12449359
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Hove Property Holdings Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Hove Property Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12449359. The registered office is BURLEY HOUSE, ROWDITCH PLACE ROWDITCH PL, UNIT 2, 258 ACCOUNTS, DERBY, DE22 3LR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
39,279 
Additions
33,203 
At 29 February 2024
72,482 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
72,482 
At 28 February 2023
39,279 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
930,000 
At 29 February 2024
930,000 
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Hove Property Holdings Limited Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
77,917 
77,917 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
238,441 
198,197 
Loans from directors
128,737 
86,239 
Accruals
720 
715 
367,898 
285,151 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
689,183 
25,000 
Other creditors
- 
689,184 
689,183 
714,184 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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