IRIS Accounts Production v24.3.2.46 06016344 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060163442023-03-31060163442024-03-31060163442023-04-012024-03-31060163442022-03-31060163442022-04-012023-03-31060163442023-03-3106016344ns15:EnglandWales2023-04-012024-03-3106016344ns14:PoundSterling2023-04-012024-03-3106016344ns10:Director12023-04-012024-03-3106016344ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106016344ns10:SmallEntities2023-04-012024-03-3106016344ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106016344ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106016344ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106016344ns10:FullAccounts2023-04-012024-03-3106016344ns10:Director22023-04-012024-03-3106016344ns10:CompanySecretary12023-04-012024-03-3106016344ns10:RegisteredOffice2023-04-012024-03-3106016344ns5:CurrentFinancialInstruments2024-03-3106016344ns5:CurrentFinancialInstruments2023-03-3106016344ns5:ShareCapital2024-03-3106016344ns5:ShareCapital2023-03-3106016344ns5:RevaluationReserve2024-03-3106016344ns5:RevaluationReserve2023-03-3106016344ns5:RetainedEarningsAccumulatedLosses2024-03-3106016344ns5:RetainedEarningsAccumulatedLosses2023-03-3106016344ns5:CostValuation2023-03-3106016344ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106016344ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106016344ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 06016344 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HP3 Limited

HP3 Limited (Registered number: 06016344)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HP3 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F J Finney
D J Harrison





SECRETARY: D J Harrison





REGISTERED OFFICE: Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 06016344 (England and Wales)






HP3 Limited (Registered number: 06016344)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4 4
Investment property 5 150,000 150,000
150,004 150,004

CURRENT ASSETS
Debtors 6 2,381,817 2,364,355
Cash at bank 1,454,024 1,322,900
3,835,841 3,687,255
CREDITORS
Amounts falling due within one year 7 367,105 203,438
NET CURRENT ASSETS 3,468,736 3,483,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,618,740

3,633,821

CAPITAL AND RESERVES
Called up share capital 100,002 100,002
Revaluation reserve 8 77,811 77,811
Retained earnings 3,440,927 3,456,008
SHAREHOLDERS' FUNDS 3,618,740 3,633,821

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

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

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:



D J Harrison - Director


HP3 Limited (Registered number: 06016344)

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

1. STATUTORY INFORMATION

HP3 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 404
PROVISIONS
At 1 April 2023
and 31 March 2024 400
NET BOOK VALUE
At 31 March 2024 4
At 31 March 2023 4

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 150,000
At 31 March 2023 150,000

HP3 Limited (Registered number: 06016344)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 (30,000 )
Cost 180,000
150,000

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

2024 2023
£    £   
Cost 171,317 171,317
Aggregate depreciation (99,128 ) (99,128 )

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,065 5,794
Amounts owed by group undertakings 2,200,646 2,182,455
Other debtors 176,106 176,106
2,381,817 2,364,355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,355 6,831
Amounts owed to group undertakings 356,168 192,145
Taxation and social security 1,587 507
Other creditors 3,995 3,955
367,105 203,438

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 77,811