Company registration number 11587037 (England and Wales)
HS PROPERTY GRP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
HS PROPERTY GRP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HS PROPERTY GRP LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
82,693
82,693
Cash at bank and in hand
100
100
82,793
82,793
Creditors: amounts falling due within one year
4
(581,821)
(581,821)
Net current liabilities
(499,028)
(499,028)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(499,128)
(499,128)
Total equity
(499,028)
(499,028)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 19 December 2024 and are signed on its behalf by:
K Dunne
Director
Company registration number 11587037 (England and Wales)
HS PROPERTY GRP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
HS Property Grp LTD is a private company limited by shares incorporated in England and Wales. The registered office is Reedham House, 31-33 King Street West, Manchester, M3 2PJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company's financial statements for the period ended 31 March 202true3 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
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 period 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.
HS PROPERTY GRP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
82,693
82,693
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
580,381
580,381
Other creditors
1,440
1,440
581,821
581,821
5
Related party transactions
Related party transactions are disclosed on the parent company accounts.
6
Parent company
The company's ultimate parent undertaking at the balance sheet date was Hornsearle Property Group Limited, a company registered in England and Wales.
The company is a subsidiary of Hornsearle Property Investments Limited, a company registered in England and Wales.
Registered Office:
Reedham House
31 Kings Street West
Manchester
United Kingdom
M3 2PJ
HS PROPERTY GRP LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024