Company registration number: 13590033
Unaudited financial statements
for the year ended 31 August 2024
for
Hemf Properties Ltd
Pages for filing with the Registrar
Company registration number: 13590033
Hemf Properties Ltd
Balance sheet
as at 31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Investment property 4 142,288 142,288
142,288 142,288
Current assets
Debtors (140) -
Cash at bank and in hand 284 378
144 378
Creditors: amounts falling due within
one year
(551) (525)
Net current liabilities (407) (147)
Total assets less current liabilities 141,881 142,141
Creditors: Amounts falling due after
more than one year
(146,101) (146,401)
NET LIABILITIES (4,220) (4,260)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,221) (4,261)
TOTAL EQUITY (4,220) (4,260)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 13590033
Hemf Properties Ltd
Balance sheet - continued
as at 31 August 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr S Tesler, Director
23 January 2025
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Hemf Properties Ltd
Notes to the financial statements
for the year ended 31 August 2024
1 Company information
Hemf Properties Ltd is a private company registered in England and Wales. Its registered number is 13590033. The company is limited by shares. Its registered office is 7 Limes Avenue, London, NW11 9TJ.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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 taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
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Hemf Properties Ltd
Notes to the financial statements - continued
for the year ended 31 August 2024
4 Investment property
£
Valuation
At 1 September 2023 142,288
At 31 August 2024 142,288
4