Company No:
Contents
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 |
Note | 31.05.2024 | 31.05.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 4 |
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100 | 100 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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1,331,806 | 6,689 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 994,966 | 403 | ||
Total assets less current liabilities | 995,066 | 503 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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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:
Simon Douglas Hughes
Director |
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.
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 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.
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.
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 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.
Year ended 31.05.2024 |
Period from 01.03.2023 to 31.05.2023 |
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Number | Number | ||
The average number of persons employed by the Company during the year amounted to: |
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Investments in subsidiaries
31.05.2024 | |
£ | |
Cost | |
At 01 June 2023 |
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At 31 May 2024 |
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Carrying value at 31 May 2024 |
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Carrying value at 31 May 2023 |
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31.05.2024 | 31.05.2023 | ||
£ | £ | ||
Other debtors |
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31.05.2024 | 31.05.2023 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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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 |