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REGISTERED NUMBER: 12157700 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Hilbre Commercial Properties Limited

Hilbre Commercial Properties Limited (Registered number: 12157700)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hilbre Commercial Properties Limited

Company Information
for the Year Ended 30 June 2024







Director: S L Haynes-Garcia





Registered office: 128 Irby Road
Wirral
Merseyside
CH61 6XQ





Registered number: 12157700 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Hilbre Commercial Properties Limited (Registered number: 12157700)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 26,878 22,877
Investment property 5 2,850,000 2,850,000
2,876,878 2,872,877

Current assets
Debtors 6 12,689 857
Cash at bank 455 53
13,144 910
Creditors
Amounts falling due within one year 7 54,184 38,998
Net current liabilities (41,040 ) (38,088 )
Total assets less current liabilities 2,835,838 2,834,789

Creditors
Amounts falling due after more than
one year

8

(973,687

)

(988,369

)

Provisions for liabilities 10 (427,359 ) (324,792 )
Net assets 1,434,792 1,521,628

Capital and reserves
Called up share capital 11 10 10
Other reserves 12 1,282,077 1,384,644
Retained earnings 152,705 136,974
Shareholders' funds 1,434,792 1,521,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Hilbre Commercial Properties Limited (Registered number: 12157700)

Statement of Financial Position - continued
30 June 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 director and authorised for issue on 17 February 2025 and were signed by:





S L Haynes-Garcia - Director


Hilbre Commercial Properties Limited (Registered number: 12157700)

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

1. Statutory information

Hilbre Commercial 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from property rental is recognised on an accruals basis.

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 - 15% reducing balance
Motor vehicles - 25% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hilbre Commercial Properties Limited (Registered number: 12157700)

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

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 July 2023 445 29,999 30,444
Additions 11,404 - 11,404
At 30 June 2024 11,849 29,999 41,848
Depreciation
At 1 July 2023 67 7,500 7,567
Charge for year 1,778 5,625 7,403
At 30 June 2024 1,845 13,125 14,970
Net book value
At 30 June 2024 10,004 16,874 26,878
At 30 June 2023 378 22,499 22,877

Hilbre Commercial Properties Limited (Registered number: 12157700)

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

5. Investment property
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 2,850,000
Net book value
At 30 June 2024 2,850,000
At 30 June 2023 2,850,000

6. Debtors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Trade debtors 5,649 857
Other debtors 7,040 -
12,689 857

7. Creditors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 10,086 10,000
Hire purchase contracts 4,511 4,511
Trade creditors 453 8,214
Taxation and social security - 1,267
Other creditors 39,134 15,006
54,184 38,998

8. Creditors: amounts falling due after more than one year
30/6/24 30/6/23
£    £   
Bank loans 8,996 19,167
Hire purchase contracts 11,841 16,352
Other creditors 952,850 952,850
973,687 988,369

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 952,850 952,850

Hilbre Commercial Properties Limited (Registered number: 12157700)

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

9. Secured debts

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Other loans 952,850 952,850

There is a fixed and floating charge covering properties held by the company.

10. Provisions for liabilities
30/6/24 30/6/23
£    £   
Deferred tax
Other timing differences 427,359 324,792

Deferred
tax
£   
Balance at 1 July 2023 324,792
Charge to Income Statement during year 102,567
Balance at 30 June 2024 427,359

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
100 Ordinary £0.10 10 10

12. Reserves

Under FRS 102 surpluses on the revaluation of investment property are treated as fair value adjustments and are recognised in the statement of income. However under company law, these surpluses are not distributable. In these financial statements, the cumulative non-distributable revaluation surpluses have been included in other reserves. On disposal of an investment property, any revaluation surplus realised on disposal is transferred to distributable reserves