IRIS Accounts Production v24.3.0.553 06558106 director 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065581062023-04-30065581062024-04-30065581062023-05-012024-04-30065581062022-04-30065581062022-05-012023-04-30065581062023-04-3006558106ns15:EnglandWales2023-05-012024-04-3006558106ns14:PoundSterling2023-05-012024-04-3006558106ns10:Director12023-05-012024-04-3006558106ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006558106ns10:SmallEntities2023-05-012024-04-3006558106ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006558106ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006558106ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006558106ns10:FullAccounts2023-05-012024-04-3006558106ns10:RegisteredOffice2023-05-012024-04-3006558106ns5:CurrentFinancialInstruments2024-04-3006558106ns5:CurrentFinancialInstruments2023-04-3006558106ns5:Non-currentFinancialInstruments2024-04-3006558106ns5:Non-currentFinancialInstruments2023-04-3006558106ns5:ShareCapital2024-04-3006558106ns5:ShareCapital2023-04-3006558106ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3006558106ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3006558106ns5:RetainedEarningsAccumulatedLosses2024-04-3006558106ns5:RetainedEarningsAccumulatedLosses2023-04-3006558106ns5:PlantMachinery2023-04-3006558106ns5:PlantMachinery2023-05-012024-04-3006558106ns5:PlantMachinery2024-04-3006558106ns5:PlantMachinery2023-04-3006558106ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3006558106ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 06558106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HSH PROPERTY LIMITED

HSH PROPERTY LIMITED (REGISTERED NUMBER: 06558106)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSH PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Ms F Brignone





REGISTERED OFFICE: 38
Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 06558106 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

HSH PROPERTY LIMITED (REGISTERED NUMBER: 06558106)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,426 1,643
Investment property 5 4,030,001 4,218,001
4,032,427 4,219,644

CURRENT ASSETS
Debtors 6 128,945 48,313
Investments 7 3,448,610 3,235,103
Cash at bank and in hand 885,639 531,172
4,463,194 3,814,588
CREDITORS
Amounts falling due within one year 8 (296,180 ) (235,354 )
NET CURRENT ASSETS 4,167,014 3,579,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,199,441

7,798,878

CREDITORS
Amounts falling due after more than one
year

9

(785,806

)

(785,806

)

PROVISIONS FOR LIABILITIES (59,281 ) (58,794 )
NET ASSETS 7,354,354 6,954,278

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve (61,274 ) (61,946 )
Retained earnings 7,415,528 7,016,124
7,354,354 6,954,278

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

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

The director acknowledges her 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.

HSH PROPERTY LIMITED (REGISTERED NUMBER: 06558106)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

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





Ms F Brignone - Director


HSH PROPERTY LIMITED (REGISTERED NUMBER: 06558106)

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


1. STATUTORY INFORMATION

Hsh Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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
Fixtures and fittings are stated at cost, net of depreciation and any provision for impairment. Cost includes expenditure directly attributable to bringing the asset into working condition for its intended use.

Depreciation is provided on all fixtures and fittings at rates calculated to write off the cost, less estimated residual value, over their expected useful economic lives on a straight-line basis as follows:

Fixtures and fittings: 25% per annum.

Investment property
Investment properties are initially measured at cost, including directly attributable transaction costs. Subsequent to initial recognition, investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss account.

Financial instruments
Recognition and Initial Measurement
Financial instruments are recognised when the company becomes a party to the contractual provisions of the instrument. They are initially measured at transaction price, including any directly attributable transaction costs, unless the instrument is classified as at fair value through profit or loss.

Subsequent Measurement
The company classifies financial instruments into the following categories:

Basic Financial Instruments
Basic financial instruments include cash, trade and other receivables, trade and other payables, and loans. These are measured at amortised cost using the effective interest method, except for short-term instruments where the impact of discounting is immaterial.

Other Financial Instruments
Non-basic financial instruments, such as listed investments or derivatives, are measured at fair value through profit or loss, with changes in fair value recognised in the profit and loss account in the period in which they arise.

Derecognition
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are transferred. Financial liabilities are derecognised when the company’s obligations are discharged, cancelled, or expire.


HSH PROPERTY LIMITED (REGISTERED NUMBER: 06558106)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 20,174
Additions 2,231
At 30 April 2024 22,405
DEPRECIATION
At 1 May 2023 18,531
Charge for year 1,448
At 30 April 2024 19,979
NET BOOK VALUE
At 30 April 2024 2,426
At 30 April 2023 1,643

HSH PROPERTY LIMITED (REGISTERED NUMBER: 06558106)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 4,218,001
Revaluations (188,000 )
At 30 April 2024 4,030,001
NET BOOK VALUE
At 30 April 2024 4,030,001
At 30 April 2023 4,218,001

The 2024 valuation was carried out by the director based on the open market value for its existing use.
Had the investment property been accounted for under historical cost accounting principles, its valuation would have been as follows:
2024 £ 2023 £

Historic cost 3,982,815 3,982,815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,308 25,179
Other debtors 51,637 23,134
128,945 48,313

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 3,448,610 3,235,103

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account - 7,500
Trade creditors 5,510 15,373
Taxation and social security 233,159 164,261
Other creditors 57,511 48,220
296,180 235,354

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 785,806 785,806

HSH PROPERTY LIMITED (REGISTERED NUMBER: 06558106)

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


10. RELATED PARTY DISCLOSURES

During the reporting year, the company declared and paid dividends totaling £224,000 (2023: £288,000) to its shareholder.

During the year, a close family member of the director provided services to the company. The total amount paid for these services was £239,577 (2023: £131,870).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Ms F Brignone.