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REGISTERED NUMBER: 04549541 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

HGF Properties Limited

HGF Properties Limited (Registered number: 04549541)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HGF Properties Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: C P Lawton





SECRETARY: N Lawton





REGISTERED OFFICE: Horley Green House
Horley Green Road
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 04549541 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

HGF Properties Limited (Registered number: 04549541)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,848 347
Investments 5 3,054,649 2,936,740
3,060,497 2,937,087

CURRENT ASSETS
Debtors 6 697,856 574,531
Cash at bank and in hand 14,964 9,839
712,820 584,370
CREDITORS
Amounts falling due within one year 7 14,585 1,738
NET CURRENT ASSETS 698,235 582,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,758,732

3,519,719

CREDITORS
Amounts falling due after more than one year 8 2,317,515 2,089,888
NET ASSETS 1,441,217 1,429,831

CAPITAL AND RESERVES
Called up share capital 1 1
Fair Value Reserve 10 1,325,942 1,325,942
Retained earnings 115,274 103,888
SHAREHOLDERS' FUNDS 1,441,217 1,429,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

HGF Properties Limited (Registered number: 04549541)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





C P Lawton - Director


HGF Properties Limited (Registered number: 04549541)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

HGF Properties 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicle - 25% on reducing balance
Computer Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

HGF Properties Limited (Registered number: 04549541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
Vehicle Equipment Totals
£    £    £   
COST
At 1 November 2023 9,053 1,853 10,906
Additions 7,450 - 7,450
At 31 October 2024 16,503 1,853 18,356
DEPRECIATION
At 1 November 2023 8,706 1,853 10,559
Charge for year 1,949 - 1,949
At 31 October 2024 10,655 1,853 12,508
NET BOOK VALUE
At 31 October 2024 5,848 - 5,848
At 31 October 2023 347 - 347

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 2,936,740
Additions 117,909
At 31 October 2024 3,054,649
NET BOOK VALUE
At 31 October 2024 3,054,649
At 31 October 2023 2,936,740

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2006 324,139
Valuation in 2007 15,951
Valuation in 2008 226,014
Valuation in 2009 170,454
Valuation in 2011 74,383
Valuation in 2012 480,000
Valuation in 2021 1,199,059
Valuation in 2022 35,000
Valuation in 2023 411,740
Valuation in 2024 117,909
3,054,649

HGF Properties Limited (Registered number: 04549541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. FIXED ASSET INVESTMENTS - continued

The properties have been revalued to the market value by the director at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
HGF Investments Ltd 498,856 436,531
Worthington Homes 199,000 138,000
697,856 574,531

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 1,380 597
Social security and other taxes - 155
Directors' loan accounts 12,305 86
Accrued Expenses 900 900
14,585 1,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bounce Back Loan 15,385 26,033
Bank loans more 5 yrs non-inst 2,302,130 2,003,855
Other creditors - 60,000
2,317,515 2,089,888

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,302,130 2,003,855

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 2,317,515 2,029,888

The bank loans are secured by way of a legal charge over fixed asset investment property.

HGF Properties Limited (Registered number: 04549541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


10. RESERVES
Fair
Value
Reserve
£   
At 1 November 2023
and 31 October 2024 1,325,942

11. RELATED PARTY DISCLOSURES

The company is controlled by C P Lawton.

At 31st October 2024 the company was owed £498,856 (2023: £436,531) by HGF Investments Limited a company which Mr C P Lawton is director and sole shareholder.