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REGISTERED NUMBER: 07302406 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Hewitts Properties Limited

Hewitts Properties Limited (Registered number: 07302406)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hewitts Properties Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: R M Hewitt
Mrs D J Black





REGISTERED OFFICE: 13A Duke Street
Southport
Merseyside
PR8 1LS





REGISTERED NUMBER: 07302406 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

Hewitts Properties Limited (Registered number: 07302406)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 1,247 500,394
Investments 5 - 7,000
Investment property 6 500,000 -
501,247 507,394

CURRENT ASSETS
Debtors 7 7,393 12,039
Cash at bank 48,427 45,589
55,820 57,628
CREDITORS
Amounts falling due within one year 8 (32,247 ) (47,508 )
NET CURRENT ASSETS 23,573 10,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,820

517,514

CAPITAL AND RESERVES
Called up share capital 9 7,000 7,000
Retained earnings 517,820 510,514
SHAREHOLDERS' FUNDS 524,820 517,514

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 17 February 2025 and were signed on its behalf by:





R M Hewitt - Director


Hewitts Properties Limited (Registered number: 07302406)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Hewitts Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover comprises rental income receivable.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£ £ £
COST
At 1 August 2023 500,000 525 500,525
Additions - 1,542 1,542
Reclassification/transfer (500,000 ) - (500,000 )
At 31 July 2024 - 2,067 2,067
DEPRECIATION
At 1 August 2023 - 131 131
Charge for year - 689 689
At 31 July 2024 - 820 820
NET BOOK VALUE
At 31 July 2024 - 1,247 1,247
At 31 July 2023 500,000 394 500,394

Hewitts Properties Limited (Registered number: 07302406)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 August 2023 7,000
Disposals (7,000 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 7,000

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Reclassification/transfer 500,000
At 31 July 2024 500,000
NET BOOK VALUE
At 31 July 2024 500,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 7,393 12,039

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 12,380 11,862
Other creditors 19,867 35,646
32,247 47,508

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
6,400 Ordinary 1 6,400 6,400
600 Ordinary B 1 600 600
7,000 7,000

Hewitts Properties Limited (Registered number: 07302406)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
R M Hewitt
Balance outstanding at start of year (15,689 ) (15,689 )
Amounts advanced 34,082 -
Amounts repaid (11,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,393 (15,689 )

The above balance was repaid within 9 months of the year-end and interest has been charged on overdrawn balances at HMRC approved rates.