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Company No: 10010302 (England and Wales)

HDS PROPERTY MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

HDS PROPERTY MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

HDS PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
HDS PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS Sheona Duncan Hughes (Appointed 14 October 2024)
George Warwick Hughes (Appointed 06 October 2023, Resigned 01 November 2024)
Simon Douglas Hughes
David James Lee (Resigned 04 October 2023)
REGISTERED OFFICE Camburgh House
27 New Dover Road
Canterbury
CT1 3DN
United Kingdom
COMPANY NUMBER 10010302 (England and Wales)
CHARTERED ACCOUNTANTS Burgess Hodgson LLP
Camburgh House
27 New Dover Road
Canterbury
CT1 3DN
HDS PROPERTY MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
HDS PROPERTY MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
Note 31.05.2024 31.05.2023
£ £
Fixed assets
Investments 4 100 100
100 100
Current assets
Debtors 5 1,325,017 0
Cash at bank and in hand 6,789 6,689
1,331,806 6,689
Creditors: amounts falling due within one year 6 ( 336,840) ( 6,286)
Net current assets 994,966 403
Total assets less current liabilities 995,066 503
Net assets 995,066 503
Capital and reserves
Called-up share capital 2 2
Profit and loss account 995,064 501
Total shareholders' funds 995,066 503

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of HDS Property Management Limited (registered number: 10010302) were approved and authorised for issue by the Board of Directors on 13 January 2025. They were signed on its behalf by:

Simon Douglas Hughes
Director
HDS PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
HDS PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

HDS Property Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Impairment of assets

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Year ended
31.05.2024
Period from
01.03.2023 to
31.05.2023
Number Number
The average number of persons employed by the Company during the year amounted to: 2 2

4. Fixed asset investments

Investments in subsidiaries

31.05.2024
£
Cost
At 01 June 2023 100
At 31 May 2024 100
Carrying value at 31 May 2024 100
Carrying value at 31 May 2023 100

5. Debtors

31.05.2024 31.05.2023
£ £
Other debtors 1,325,017 0

6. Creditors: amounts falling due within one year

31.05.2024 31.05.2023
£ £
Trade creditors 335,000 0
Taxation and social security 0 4,446
Other creditors 1,840 1,840
336,840 6,286

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

31.05.2024 31.05.2023
£ £
At the year end, the company owed a group company: 335,000 0
At the year end, a company owed an associate company: 1,325,000 0