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
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
Hove Property Holdings Limited
Statement of financial position
as at 29 February 2024
Tangible assets
72,482
39,279
Investment property
930,000
930,000
Cash at bank and in hand
10,078
134
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)
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
Hove Property Holdings Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 29 February 2024
72,482
At 29 February 2024
72,482
At 28 February 2023
39,279
Fair value at 1 March 2023
930,000
At 29 February 2024
930,000
Hove Property Holdings Limited
Notes to the Accounts
for the year ended 29 February 2024
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
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).