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REGISTERED NUMBER: 04159668 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HORNSBY PROPERTIES LIMITED

HORNSBY PROPERTIES LIMITED (REGISTERED NUMBER: 04159668)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HORNSBY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr RH Hornsby
Mrs ZM Hornsby





SECRETARY: Mrs ZM Hornsby





REGISTERED OFFICE: The Granary Manor Farm
Manor Road
Ullesthorpe
Lutterworth
Leicestershire
LE17 5BN





REGISTERED NUMBER: 04159668 (England and Wales)

HORNSBY PROPERTIES LIMITED (REGISTERED NUMBER: 04159668)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,666 4,874
11,666 4,874

CURRENT ASSETS
Debtors 6 13,638 8,086
Cash at bank 12,869 14,181
26,507 22,267
CREDITORS
Amounts falling due within one year 7 38,165 26,369
NET CURRENT LIABILITIES (11,658 ) (4,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8

772

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 6 770
SHAREHOLDERS' FUNDS 8 772

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.

HORNSBY PROPERTIES LIMITED (REGISTERED NUMBER: 04159668)

BALANCE SHEET - continued
31 MARCH 2024


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 12 November 2024 and were signed on its behalf by:




Mr RH Hornsby - Director



Mrs ZM Hornsby - Director


HORNSBY PROPERTIES LIMITED (REGISTERED NUMBER: 04159668)

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


1. STATUTORY INFORMATION

Hornsby Properties 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 represents net invoiced sales of letting agent services, recognised on a rental basis, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Creditors
Short term trade 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

HORNSBY PROPERTIES LIMITED (REGISTERED NUMBER: 04159668)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023
and 31 March 2024 60,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 99,824 6,750 106,574
Additions 11,720 - 11,720
At 31 March 2024 111,544 6,750 118,294
DEPRECIATION
At 1 April 2023 94,950 6,750 101,700
Charge for year 4,928 - 4,928
At 31 March 2024 99,878 6,750 106,628
NET BOOK VALUE
At 31 March 2024 11,666 - 11,666
At 31 March 2023 4,874 - 4,874

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,638 8,086

HORNSBY PROPERTIES LIMITED (REGISTERED NUMBER: 04159668)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,781 -
Trade creditors 15,514 7,285
Taxation and social security 12,270 15,306
Other creditors 8,600 3,778
38,165 26,369

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr RH Hornsby and Mrs ZM Hornsby
Balance outstanding at start of year 3,984 -
Amounts advanced 24,925 3,984
Amounts repaid (20,006 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,903 3,984

These amounts are interest free and repayable on demand.