0 29/02/2024 2024-02-29 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-01-16 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 14595013 2023-01-16 2024-02-29 14595013 2024-02-29 14595013 bus:RegisteredOffice 2023-01-16 2024-02-29 14595013 bus:LeadAgentIfApplicable 2023-01-16 2024-02-29 14595013 bus:Director1 2023-01-16 2024-02-29 14595013 bus:Director2 2023-01-16 2024-02-29 14595013 bus:Director3 2023-01-16 2024-02-29 14595013 core:ShareCapital 2023-01-16 2024-02-29 14595013 core:RetainedEarningsAccumulatedLosses 2023-01-16 2024-02-29 14595013 core:WithinOneYear 2024-02-29 14595013 core:ShareCapital 2024-02-29 14595013 core:RetainedEarningsAccumulatedLosses 2024-02-29 14595013 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 14595013 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-02-29 14595013 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 14595013 core:Non-currentFinancialInstruments 2024-02-29 14595013 bus:SmallEntities 2023-01-16 2024-02-29 14595013 bus:AuditExempt-NoAccountantsReport 2023-01-16 2024-02-29 14595013 bus:FullAccounts 2023-01-16 2024-02-29 14595013 bus:SmallCompaniesRegimeForAccounts 2023-01-16 2024-02-29 14595013 bus:PrivateLimitedCompanyLtd 2023-01-16 2024-02-29
Company registration number: 14595013
HUNDLEBY PROPERTIES LTD
Unaudited filleted financial statements
29 February 2024
Pearlman Rose
Chartered Accountants
Suite 1, First Floor, Jack Dash House
2 Lawn House Close
London E14 9YQ
HUNDLEBY PROPERTIES LTD
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
HUNDLEBY PROPERTIES LTD
Directors and other information
Directors Mr David Westcott (Appointed 16 January 2023)
Mr Andrew Westcott (Appointed 16 January 2023)
Miss Judith Hurley (Appointed 16 January 2023)
Company number 14595013
Registered office 16 Park Street
Luton
England
LU1 3EP
Business address 16 Park Street
Luton
England
LU1 3EP
Accountants Pearlman Rose
Suite 1 First Floor Jack Dash House
2 Lawn House Close
London
England
E14 9YQ
HUNDLEBY PROPERTIES LTD
Statement of financial position
29 February 2024
29/02/24
Note £ £
Fixed assets
Investments 4 298,473
_______
298,473
Current assets
Debtors 5 37,398
_______
37,398
Creditors: amounts falling due
within one year 6 ( 278,473)
_______
Net current liabilities ( 241,075)
_______
Total assets less current liabilities 57,398
_______
Net assets 57,398
_______
Capital and reserves
Called up share capital 1
Profit and loss account 57,397
_______
Shareholders funds 57,398
_______
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Mr David Westcott
Director
Company registration number: 14595013
HUNDLEBY PROPERTIES LTD
Statement of changes in equity
Period ended 29 February 2024
Called up share capital Profit and loss account Total
£ £ £
At 16 January 2023 - - -
Profit for the period 57,397 57,397
_______ _______ _______
Total comprehensive income for the period - 57,397 57,397
Issue of shares 1 1
_______ _______ _______
Total investments by and distributions to owners 1 - 1
_______ _______ _______
At 29 February 2024 1 57,397 57,398
_______ _______ _______
HUNDLEBY PROPERTIES LTD
Notes to the financial statements
Period ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 16 Park Street, Luton, England, LU1 3EP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings and participating interests Other investments other than loans Total
£ £ £
Cost
At 16 January 2023 - - -
Additions 1 511,667 511,668
Disposals - ( 213,195) ( 213,195)
_______ _______ _______
At 29 February 2024 1 298,472 298,473
_______ _______ _______
Impairment
At 16 January 2023 and 29 February 2024 - - -
_______ _______ _______
Carrying amount
At 29 February 2024 1 298,472 298,473
_______ _______ _______
5. Debtors
29/02/24
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest 37,398
_______
6. Creditors: amounts falling due within one year
29/02/24
£
Corporation tax 19,133
Other creditors 259,340
_______
278,473
_______
7. Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value Balance owed by /(owed to)
Period Period
ended ended
29/02/24 29/02/24
£ £
Southerly Apartments Ltd 2,900 37,398
_______ _______
During the period the company was charged Management fees of £2,900 by Southerly Apartments Ltd. Southerly Apartments Ltd is a related party by virtue of being a wholly owned subsidiary of the company.
8. Controlling party
The company is controlled by Mr David Westcott .