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REGISTERED NUMBER: 07259221 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

HHD Developments Ltd

HHD Developments Ltd (Registered number: 07259221)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HHD Developments Ltd

Company Information
for the year ended 31 May 2024







Directors: T C L Hall
T B M David
A R Howell
S A Howell





Registered office: Lloyd George House
Fordshill Road
Rotherwas Industrial Estate
Hereford
HR2 6NS





Registered number: 07259221 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

HHD Developments Ltd (Registered number: 07259221)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 599,871 599,871

CURRENT ASSETS
Debtors 6 5,520 21,715
Cash at bank 18,764 1,803
24,284 23,518
CREDITORS
Amounts falling due within one year 7 (59,448 ) (63,019 )
NET CURRENT LIABILITIES (35,164 ) (39,501 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

564,707

560,370

CREDITORS
Amounts falling due after more than one
year

8

(318,638

)

(348,905

)
NET ASSETS 246,069 211,465

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 245,069 210,465
SHAREHOLDERS' FUNDS 246,069 211,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HHD Developments Ltd (Registered number: 07259221)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





S A Howell - Director


HHD Developments Ltd (Registered number: 07259221)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

HHD Developments Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 4 ).

HHD Developments Ltd (Registered number: 07259221)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 June 2023
and 31 May 2024 599,871
Net book value
At 31 May 2024 599,871
At 31 May 2023 599,871

No adjustments are considered necessary to the carrying value of the investment properties as the directors consider that the fair values are unchanged in the period under review.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,769 908
Amounts owed by group undertakings 476 476
Other debtors 3,275 20,331
5,520 21,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,647 28,454
Trade creditors 109 -
Taxation and social security 24,599 16,011
Other creditors 9,093 18,554
59,448 63,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 318,638 348,905

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable after more than 5 years
by instalments

-

288,351

HHD Developments Ltd (Registered number: 07259221)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 344,285 377,359

National Westminster bank PLC has a mortgage debenture incorporating a fixed and floating charge over the investment property held in the company.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Share capital 1 £1.00 1,000 1,000