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REGISTERED NUMBER: 09403866 (England and Wales)



















HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2024






HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 09403866)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 09403866)

BALANCE SHEET
30 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,644 4,961

CURRENT ASSETS
Debtors 5 14,867 17,838
Cash at bank 317 21,282
15,184 39,120
CREDITORS
Amounts falling due within one year 6 25,478 51,381
NET CURRENT LIABILITIES (10,294 ) (12,261 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,650

)

(7,300

)

PROVISIONS FOR LIABILITIES 181 943
NET LIABILITIES (6,831 ) (8,243 )

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (6,932 ) (8,344 )
SHAREHOLDERS' FUNDS (6,831 ) (8,243 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 09403866)

BALANCE SHEET - continued
30 JANUARY 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.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





K J Manning - Director


HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 09403866)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

1. STATUTORY INFORMATION

Hertfordshire Property Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09403866

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention.

Going concern
The director is of the opinion it is appropriate to prepare accounts on a going concern basis, because he has confirmed he will continue to support of the company for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 09403866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 09403866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2023
and 30 January 2024 29,422
DEPRECIATION
At 31 January 2023 24,461
Charge for year 1,317
At 30 January 2024 25,778
NET BOOK VALUE
At 30 January 2024 3,644
At 30 January 2023 4,961

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 31 January 2023 15,595
Transfer to ownership (15,595 )
At 30 January 2024 -
DEPRECIATION
At 31 January 2023 10,764
Transfer to ownership (10,764 )
At 30 January 2024 -
NET BOOK VALUE
At 30 January 2024 -
At 30 January 2023 4,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,162 8,127
Other debtors 8,705 9,711
14,867 17,838

HERTFORDSHIRE PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 09403866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 3,420
Trade creditors 7,832 13,037
Taxation and social security 1,899 914
Other creditors 15,747 34,010
25,478 51,381

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £12,386 (2023: £21,210). This amount is unsecured and
interest charged at 0%.