Registered number
13994058
HS Properties London Ltd
Filleted Accounts
31 March 2024
HS Properties London Ltd
Registered number: 13994058
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 588,185 -
Investments 5 - -
588,185 -
Current assets
Stocks - 1,163,131
Debtors 6 - 15,000
Cash at bank and in hand 9,975 43,536
9,975 1,221,667
Creditors: amounts falling due within one year 7 (573,831) (1,221,667)
Net current liabilities (563,856) -
Total assets less current liabilities 24,329 -
Creditors: amounts falling due after more than one year 8 - -
Provisions for liabilities - -
Net assets 24,329 -
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve 7 - -
Profit and loss account 24,328 (1)
Shareholders' funds 24,329 -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Manjit Kaur Hayre
Director
Approved by the board on 2 February 2025
HS Properties London Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 -
Additions -
Disposals -
At 31 March 2024 -
Amortisation
At 1 April 2023 -
Provided during the year -
On disposals -
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 - - - -
Additions 588,185 - - 588,185
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2024 588,185 - - 588,185
Depreciation
At 1 April 2023 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2024 - - - -
Net book value
At 31 March 2024 588,185 - - 588,185
At 31 March 2023 - - - -
5 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2023 - - -
Additions - - -
Revaluation - - -
Disposals - - -
At 31 March 2024 - - -
Historical cost
At 1 April 2023 - -
At 31 March 2024 - -
6 Debtors 2024 2023
£ £
Trade debtors - -
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors - 15,000
- 15,000
Amounts due after more than one year included above - -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - -
Taxation and social security costs 5,707 450,000
Other creditors 568,124 771,667
573,831 1,221,667
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - -
Other creditors - -
- -
9 Revaluation reserve 2024 2023
£ £
At 1 April 2023 - -
Gain on revaluation of land and buildings - -
Deferred taxation arising on the revaluation of land and buildings - -
At 31 March 2024 - -
10 Other information
HS Properties London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Pond House
Village Road
Dorney
SL4 6QJ
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