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Company Registration No. 12353820 (England and Wales)
HUNTINGDON PROPERTIES 3 LIMITED Unaudited accounts for the year ended 31 December 2023
HUNTINGDON PROPERTIES 3 LIMITED Unaudited accounts Contents
Page
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HUNTINGDON PROPERTIES 3 LIMITED Company Information for the year ended 31 December 2023
Director
Tarjinder Singh KHAMBA
Company Number
12353820 (England and Wales)
Registered Office
74 THE ALBANY HOTEL BIRKIN AVENUE NOTTINGHAM NG7 5AR ENGLAND
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HUNTINGDON PROPERTIES 3 LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
532,000 
509,326 
Current assets
Debtors
298,751 
303,356 
Cash at bank and in hand
140 
242 
298,891 
303,598 
Creditors: amounts falling due within one year
(11,679)
(11,007)
Net current assets
287,212 
292,591 
Total assets less current liabilities
819,212 
801,917 
Creditors: amounts falling due after more than one year
(637,079)
(611,051)
Provisions for liabilities
Deferred tax
(46,105)
(34,256)
Net assets
136,028 
156,610 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
135,928 
156,510 
Shareholders' funds
136,028 
156,610 
For the year ending 31 December 2023 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 24 December 2024 and were signed on its behalf by
Tarjinder Singh KHAMBA Director Company Registration No. 12353820
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HUNTINGDON PROPERTIES 3 LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
HUNTINGDON PROPERTIES 3 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12353820. The registered office is 74 THE ALBANY HOTEL, BIRKIN AVENUE, NOTTINGHAM, NG7 5AR, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
509,326 
Additions
18,550 
Net gain from fair value adjustments
4,124 
At 31 December 2023
532,000 
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HUNTINGDON PROPERTIES 3 LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
298,751 
303,356 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,873 
7,576 
Trade creditors
975 
600 
Taxes and social security
2,456 
2,456 
Accruals
375 
375 
11,679 
11,007 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
134,222 
141,792 
Other creditors
502,857 
469,259 
637,079 
611,051 
8
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of investment property
46,105 
34,256 
2023 
2022 
£ 
£ 
Provision at start of year
34,256 
34,256 
Charged to the profit and loss account
11,849 
- 
Provision at end of year
46,105 
34,256 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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