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REGISTERED NUMBER: 05259934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HP3 Developments Limited

HP3 Developments Limited (Registered number: 05259934)






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 Developments 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: 05259934 (England and Wales)






HP3 Developments Limited (Registered number: 05259934)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,355 83,005
Investment property 5 320,000 320,000
374,355 403,005

CURRENT ASSETS
Debtors 6 11,189 32,792

CREDITORS
Amounts falling due within one year 7 994,604 994,097
NET CURRENT LIABILITIES (983,415 ) (961,305 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(609,060

)

(558,300

)

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 41,314 41,314
Retained earnings (650,376 ) (599,616 )
SHAREHOLDERS' FUNDS (609,060 ) (558,300 )

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 Developments Limited (Registered number: 05259934)

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

1. STATUTORY INFORMATION

HP3 Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 86,845
DEPRECIATION
At 1 April 2023 3,840
Charge for year 28,650
At 31 March 2024 32,490
NET BOOK VALUE
At 31 March 2024 54,355
At 31 March 2023 83,005


HP3 Developments Limited (Registered number: 05259934)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 320,000
NET BOOK VALUE
At 31 March 2024 320,000
At 31 March 2023 320,000

Fair value at 31 March 2024 is represented by:
£   
Cost 320,000

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

2024 2023
£    £   
Cost 369,616 369,616
Aggregate depreciation (90,930 ) (90,930 )

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 10,011 4,151
Other debtors 1,178 28,641
11,189 32,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 329 84
Amounts owed to group undertakings 995,459 975,074
Taxation and social security 2,893 -
Other creditors (4,077 ) 18,939
994,604 994,097

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 41,314