REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
FOR |
HOSKISSON PROPERTIES LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
FOR |
HOSKISSON PROPERTIES LTD |
HOSKISSON PROPERTIES LTD (REGISTERED NUMBER: 11320418) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30TH SEPTEMBER 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HOSKISSON PROPERTIES LTD |
COMPANY INFORMATION |
for the Year Ended 30TH SEPTEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
327 Clifton Drive South |
Lytham St Annes |
Lancashire |
FY8 1HN |
HOSKISSON PROPERTIES LTD (REGISTERED NUMBER: 11320418) |
ABRIDGED BALANCE SHEET |
30TH SEPTEMBER 2024 |
30/9/24 | 30/9/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
HOSKISSON PROPERTIES LTD (REGISTERED NUMBER: 11320418) |
ABRIDGED BALANCE SHEET - continued |
30TH SEPTEMBER 2024 |
The financial statements were approved by the director and authorised for issue on |
HOSKISSON PROPERTIES LTD (REGISTERED NUMBER: 11320418) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30TH SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Hoskisson Properties Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents income arising from rental activity and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates value added tax and other sales taxes. |
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. |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
HOSKISSON PROPERTIES LTD (REGISTERED NUMBER: 11320418) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30TH SEPTEMBER 2024 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1st October 2023 |
Revaluations |
At 30th September 2024 |
NET BOOK VALUE |
At 30th September 2024 |
At 30th September 2023 |
The property portfolio has been revalued by the director at fair value as at 30th September 2024. |
Cost or valuation at 30th September 2024 is represented by: |
£ |
Valuation in 2022 | 21,433 |
Valuation in 2023 | 10,088 |
Valuation in 2024 | 10,390 |
Cost | 314,827 |
356,738 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
30/9/24 | 30/9/23 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 80,258 | 87,339 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
30/9/24 | 30/9/23 |
£ | £ |
Bank loans |
Bank borrowing on investment property is secured by way of a fixed charge which was created on 12th August 2022. |
HOSKISSON PROPERTIES LTD (REGISTERED NUMBER: 11320418) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30TH SEPTEMBER 2024 |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023: |
30/9/24 | 30/9/23 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
During the period the company received a loan from the director which is repayable on demand. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |