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REGISTERED NUMBER: 09285310 (England and Wales)















Housemartin Property Limited

Financial Statements

for the Year Ended 31 October 2024






Housemartin Property Limited (Registered number: 09285310)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Housemartin Property Limited

Company Information
for the year ended 31 October 2024







Directors: P Read
M Read
R Taylor





Registered office: New Derwent House
69 - 73 Theobalds Road
London
WC1X 8TA





Registered number: 09285310 (England and Wales)

Housemartin Property Limited (Registered number: 09285310)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 5 86 172

Current assets
Debtors 6 65,593 120,863
Cash at bank 10,633 79,535
76,226 200,398
Creditors
Amounts falling due within one year 7 125,433 22,604
Net current (liabilities)/assets (49,207 ) 177,794
Total assets less current liabilities (49,121 ) 177,966

Capital and reserves
Called up share capital 8 133 133
Share premium 1,453,854 1,453,854
Retained earnings (1,503,108 ) (1,276,021 )
Shareholders' funds (49,121 ) 177,966

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 20 February 2025 and were signed on its behalf by:



P Read - Director


Housemartin Property Limited (Registered number: 09285310)

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


1. Statutory information

Housemartin Property 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
Set out below is a summary of the principal accounting policies, all of which have been applied consistently (except as otherwise stated).

The presentational currency is Pound Sterling (£).

Amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies
The critical judgement that the director has made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability. There have been no indicators or impairments identified during the current financial year.

Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

(i) Recoverability of receivables
The Company establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the directors consider factors such as the aging of the receivables, past experience and recoverability, and the credit profile of individual or groups of customers.

Housemartin Property Limited (Registered number: 09285310)

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


3. Accounting policies - continued

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

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 - 25% on cost

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The financial statements have been prepared on a going concern basis.

The directors have reviewed and considered relevant information, including budget and future cash flows in making their assessment. Based on these assessments and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Housemartin Property Limited (Registered number: 09285310)

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


4. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 November 2023
and 31 October 2024 4,315
Depreciation
At 1 November 2023 4,143
Charge for year 86
At 31 October 2024 4,229
Net book value
At 31 October 2024 86
At 31 October 2023 172

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 58,211 106,466
Prepayments 7,382 14,397
65,593 120,863

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 12,563 14,757
Amounts owed to group undertakings 100,000 -
Accruals and deferred income 12,870 7,847
125,433 22,604

Housemartin Property Limited (Registered number: 09285310)

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


8. Called up share capital

Allotted, issued and fully paid:
Number Class Nominal 2023 2022
value £    £   
102,000 Ordinary shares - A1 £0.0001 10 10
98,000 Ordinary shares - A2 £0.0001 10 10
400,000 Ordinary shares - B £0.0001 40 40
400,334 Ordinary shares - C £0.0001 40 40
332,441 Ordinary shares - O £0.0001 33 33
133 133

9. Related party disclosures

Included within creditors is a balance of £100,000 (2023: £Nil) from a company under common control. The loan is interest free, unsecured and repayable on demand