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Company Registration No. 09043787 (England and Wales)
Hearnville Property Limited Unaudited accounts for the year ended 31 May 2024
Hearnville Property Limited Unaudited accounts Contents
Page
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Hearnville Property Limited Company Information for the year ended 31 May 2024
Directors
Sheridan Norrey Ian Warren Kathryn Warren
Company Number
09043787 (England and Wales)
Registered Office
25 Airedale Road London SW12 8SQ
Accountants
Warwick McArdle 55 Ellerton Road London SW18 3NQ
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Hearnville Property Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
328,891 
882,868 
Current assets
Cash at bank and in hand
369 
5,145 
Creditors: amounts falling due within one year
(132,664)
(255,433)
Net current liabilities
(132,295)
(250,288)
Total assets less current liabilities
196,596 
632,580 
Creditors: amounts falling due after more than one year
(294,549)
(715,334)
Net liabilities
(97,953)
(82,754)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(98,053)
(82,854)
Shareholders' funds
(97,953)
(82,754)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by
Sheridan Norrey Director Company Registration No. 09043787
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Hearnville Property Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Hearnville Property Limited is a private company, limited by shares, registered in England and Wales, registration number 09043787. The registered office is 25 Airedale Road, London, SW12 8SQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2023
882,868 
Disposals
(553,977)
At 31 May 2024
328,891 
Depreciation
At 31 May 2024
- 
Net book value
At 31 May 2024
328,891 
At 31 May 2023
882,868 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
132,244 
255,084 
Accruals
420 
349 
132,664 
255,433 
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Hearnville Property Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
294,549 
715,334 
On 17 March 2017 two charges were registered. One for Paragon Bank plc against a specific property and a further floating charge by Paragon Bank plc over all property and undertakings of the company. On 25 September 2017 a further charge was registered for Charter Court Financial Services Limited against a specific property.
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At the year end the company owed the directors £132,244 (2023 £255,084).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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