Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31falsetrue2023-09-01falseOther letting and operating of own or leased real estate33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12176155 2023-09-01 2024-08-31 12176155 2022-09-01 2023-08-31 12176155 2024-08-31 12176155 2023-08-31 12176155 c:Director2 2023-09-01 2024-08-31 12176155 d:PlantMachinery 2023-09-01 2024-08-31 12176155 d:FurnitureFittings 2024-08-31 12176155 d:FurnitureFittings 2023-08-31 12176155 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12176155 d:FreeholdInvestmentProperty 2024-08-31 12176155 d:FreeholdInvestmentProperty 2023-08-31 12176155 d:CurrentFinancialInstruments 2024-08-31 12176155 d:CurrentFinancialInstruments 2023-08-31 12176155 d:Non-currentFinancialInstruments 2024-08-31 12176155 d:Non-currentFinancialInstruments 2023-08-31 12176155 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12176155 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12176155 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 12176155 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12176155 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 12176155 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 12176155 d:ShareCapital 2024-08-31 12176155 d:ShareCapital 2023-08-31 12176155 d:RetainedEarningsAccumulatedLosses 2024-08-31 12176155 d:RetainedEarningsAccumulatedLosses 2023-08-31 12176155 c:OrdinaryShareClass1 2023-09-01 2024-08-31 12176155 c:OrdinaryShareClass1 2024-08-31 12176155 c:OrdinaryShareClass1 2023-08-31 12176155 c:FRS102 2023-09-01 2024-08-31 12176155 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12176155 c:FullAccounts 2023-09-01 2024-08-31 12176155 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12176155 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12176155









HARTLEY PROPERTY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
HARTLEY PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 12176155

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
838
1,341

Investment property
  
240,514
240,514

  
241,352
241,855

Current assets
  

Cash at bank and in hand
 6 
3,849
1,683

  
3,849
1,683

Creditors: amounts falling due within one year
 7 
(2,365)
(2,275)

Net current assets/(liabilities)
  
 
 
1,484
 
 
(592)

Total assets less current liabilities
  
242,836
241,263

Creditors: amounts falling due after more than one year
 8 
(255,217)
(255,217)

  

Net liabilities
  
(12,381)
(13,954)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(12,481)
(14,054)

  
(12,381)
(13,954)


Page 1

 
HARTLEY PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 12176155
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Thompson
Director

Date: 5 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HARTLEY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Hartley Property Holdings Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House Claire Causeway, Crossways Business Park, Dartford, DA2 6QA. 
The principal activity of the company during the year was that of property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentation currency of the financial statements is the Pound Sterling (GBP).

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company's balance sheet reflected a net deficit amounting to £12,381 (2023: £13,954). The company is reliant upon the ongoing financial support of its associated company and directors personally. After giving due consideration to the above, the directors are of the view that the going concern basis remains appropriate. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
HARTLEY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HARTLEY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.



3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2023
2,515



At 31 August 2024

2,515



Depreciation


At 1 September 2023
1,174


Charge for the year on owned assets
503



At 31 August 2024

1,677



Net book value



At 31 August 2024
838



At 31 August 2023
1,341

Page 5

 
HARTLEY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment property


Investment property

£



Valuation


At 1 September 2023
240,514



At 31 August 2024
240,514

The 2024 valuations were made by the directors, on an open market value for existing use basis.







6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,849
1,683

3,849
1,683



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
175
175

Accruals and deferred income
2,190
2,100

2,365
2,275



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
175,975
175,975

Other creditors
79,242
79,242

255,217
255,217


Page 6

 
HARTLEY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due after more than 5 years

Bank loans
175,975
175,975

175,975
175,975


The bank loan is secured by way of a fixed charge over the investment property held by the company.

Page 7

 
HARTLEY PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Included within other creditors due within one year is an amount of £175 (2023 - £175) due to the directors of the company.
Included within other creditors due more then one year is an amount of £79,242 
(2023 - £79,242) due to a company connected by way of common directors.

 
Page 8