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REGISTERED NUMBER: 00502263 (England and Wales)











Real Properties (Hyde) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Real Properties (Hyde) Limited (Registered number: 00502263)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Real Properties (Hyde) Limited

Company Information
for the Year Ended 30 September 2024







Directors: R S H Dean
J M Dean





Secretary: J M Dean





Registered office: 143 King Street
Dukinfield
Tameside
SK16 4JZ





Registered number: 00502263 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Real Properties (Hyde) Limited (Registered number: 00502263)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
Fixed assets
Tangible assets 4 6 8
Investment property 5 306,500 306,500
306,506 306,508

Current assets
Debtors 6 259,247 253,863
Cash at bank 20,123 27,652
279,370 281,515
Creditors
Amounts falling due within one year 7 (43,259 ) (43,679 )
Net current assets 236,111 237,836
Total assets less current liabilities 542,617 544,344

Provisions for liabilities 8 (28,559 ) (28,559 )
Net assets 514,058 515,785

Capital and reserves
Called up share capital 9 205 205
Fair value reserve 242,925 242,925
Retained earnings 270,928 272,655
Shareholders' funds 514,058 515,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Real Properties (Hyde) Limited (Registered number: 00502263)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:




J M Dean - Director



Mrs M P Dean - Director


Real Properties (Hyde) Limited (Registered number: 00502263)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. Statutory information

Real Properties (Hyde) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.


Real Properties (Hyde) Limited (Registered number: 00502263)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. Accounting policies - continued
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 NIL (2023 - NIL).

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 October 2023
and 30 September 2024 9,521
Depreciation
At 1 October 2023 9,513
Charge for year 2
At 30 September 2024 9,515
Net book value
At 30 September 2024 6
At 30 September 2023 8

5. Investment property
Total
£   
Fair value
At 1 October 2023
and 30 September 2024 306,500
Net book value
At 30 September 2024 306,500
At 30 September 2023 306,500

Real Properties (Hyde) Limited (Registered number: 00502263)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. Investment property - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 306,500

If investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 35,016 35,016

Investment property was valued on an open market basis on 30 September 2024 by the director .

6. Debtors: amounts falling due within one year
30.9.24 30.9.23
£    £   
Trade debtors 770 386
Amounts owing by associated
companies

258,282

253,282
Prepayments 195 195
259,247 253,863

7. Creditors: amounts falling due within one year
30.9.24 30.9.23
£    £   
Corporation tax - 420
Amounts owing to associated companies 43,220 43,220
Accrued expenses 39 39
43,259 43,679

8. Provisions for liabilities
30.9.24 30.9.23
£    £   
Deferred tax 28,559 28,559

Deferred
tax
£   
Balance at 1 October 2023 28,559
Balance at 30 September 2024 28,559

Real Properties (Hyde) Limited (Registered number: 00502263)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
200 Deferred £1 200 200
200 Ordinary 2.5p 5 5
205 205