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REGISTERED NUMBER: 07607791 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

HERMANUS PROPERTIES LIMITED

HERMANUS PROPERTIES LIMITED (REGISTERED NUMBER: 07607791)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HERMANUS PROPERTIES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G M Mccorkell
R S Neill





SECRETARY: B M McCorkell





REGISTERED OFFICE: 153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 07607791 (England and Wales)

HERMANUS PROPERTIES LIMITED (REGISTERED NUMBER: 07607791)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 173,988 169,972

CREDITORS
Amounts falling due within one year 5 7,761 6,561
NET CURRENT ASSETS 166,227 163,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,227

163,411

CAPITAL AND RESERVES
Called up share capital 6 250,000 250,000
Other reserves 7 (39,066 ) (43,912 )
Retained earnings 7 (44,707 ) (42,677 )
SHAREHOLDERS' FUNDS 166,227 163,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 7 January 2025 and were signed on its behalf by:





G M Mccorkell - Director


HERMANUS PROPERTIES LIMITED (REGISTERED NUMBER: 07607791)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Hermanus 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
The financial statements have been prepared on the historical cost basis, and are prepared in sterling, as the company is registered in England and Wales. The functional currency of the entity is Kenyan Shilling. Kenya is considered to be the primary economic environment in which the company operates.

Financial instruments
Loans made by the company are initially measured at cost, and are subsequently 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 the profit and loss account.

Profit shares relating to loans are recognised only when they can be measured with sufficient reliability and certainty.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are recognised in other comprehensive income.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 173,988 169,972

Other debtors includes a loan of £172,989 (2023: £168,973) that may fall due for repayment after more than one year.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 7,761 6,561

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,000 Ordinary £1 250,000 250,000

HERMANUS PROPERTIES LIMITED (REGISTERED NUMBER: 07607791)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 May 2023 (42,677 ) (43,912 ) (86,589 )
Deficit for the year (2,030 ) (2,030 )
Foreign currency retranslation - 4,846 4,846
At 30 April 2024 (44,707 ) (39,066 ) (83,773 )

8. RELATED PARTY DISCLOSURES

At the year end, loans of £208,715 (2023 £203,869) had been made to Kiloran Development Group LLP, a limited liability partnership incorporated in Kenya. The director G McCorkell is a partner of Kiloran Development Group LLP. The loans have been made to assist the borrower to develop land in return for profit shares. The loans are repayable on completion of the sale of the underlying developments. At the year end, a provision of £35,726 (2023 £34,897) had been made against the loans to reflect potential impairment.

There was no remuneration paid to the directors in the year (2023 £NIL).