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COMPANY REGISTRATION NUMBER: 04410703
H M PROPERTIES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2024
H M PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
14,891,887
15,092,241
CURRENT ASSETS
Debtors
5
955,988
277,806
Cash at bank and in hand
75,666
1,049,361
------------
------------
1,031,654
1,327,167
CREDITORS: amounts falling due within one year
6
( 2,716,748)
( 2,901,808)
------------
------------
NET CURRENT LIABILITIES
( 1,685,094)
( 1,574,641)
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
13,206,793
13,517,600
CREDITORS: amounts falling due after more than one year
7
( 8,668,276)
( 9,021,857)
PROVISIONS
Taxation including deferred tax
( 411,362)
( 397,954)
-------------
-------------
NET ASSETS
4,127,155
4,097,789
-------------
-------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
4,127,055
4,097,689
------------
------------
SHAREHOLDERS FUNDS
4,127,155
4,097,789
------------
------------
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 income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
H M PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
H Manton
Director
Company registration number: 04410703
H M PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Headingley Lane, Leeds, West Yorkshire, LS62AS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% reducing balance
Computer Equipment
-
25% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
4. TANGIBLE ASSETS
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost or valuation
At 1 May 2023
15,091,867
64,504
3,331
15,159,702
Additions
684,850
684,850
Disposals
( 555,443)
( 555,443)
Revaluations
( 329,699)
( 329,699)
-------------
--------
-------
-------------
At 30 April 2024
14,891,575
64,504
3,331
14,959,410
-------------
--------
-------
-------------
Depreciation
At 1 May 2023
64,130
3,331
67,461
Charge for the year
62
62
-------------
--------
-------
-------------
At 30 April 2024
64,192
3,331
67,523
-------------
--------
-------
-------------
Carrying amount
At 30 April 2024
14,891,575
312
14,891,887
-------------
--------
-------
-------------
At 30 April 2023
15,091,867
374
15,092,241
-------------
--------
-------
-------------
The investment properties have been valued on an open market basis by the director as at 30 April 2024.
5. DEBTORS
2024
2023
£
£
Other debtors
955,988
277,806
---------
---------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
852,502
823,305
Corporation tax
83,268
35,628
Amounts due to related companies
922,486
899,335
Other creditors
837,838
1,130,458
Other creditors
20,654
13,082
------------
------------
2,716,748
2,901,808
------------
------------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,668,276
9,021,857
------------
------------