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REGISTERED NUMBER: 13174511 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Hughes & Associates Property Holdings
Ltd

Hughes & Associates Property Holdings
Ltd (Registered number: 13174511)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hughes & Associates Property Holdings
Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Mr T Hughes
Mr J F Navarrina





REGISTERED OFFICE: Unit D10 Upper Lounge
Pinetrees Road
Norwich
Norfolk
NR7 9BB





REGISTERED NUMBER: 13174511 (England and Wales)





ACCOUNTANTS: MLA Advisory
Unit D10 Upper Lounge,
Pinetrees road
Norwich
Norfolk
NR7 9BB

Hughes & Associates Property Holdings
Ltd (Registered number: 13174511)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 740,334 814,796

CURRENT ASSETS
Debtors 5 - 739
Cash at bank 18,310 -
18,310 739
CREDITORS
Amounts falling due within one year 6 642,076 759,933
NET CURRENT LIABILITIES (623,766 ) (759,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,568

55,602

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 116,466 55,500
116,568 55,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Hughes & Associates Property Holdings
Ltd (Registered number: 13174511)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mr T Hughes - Director


Hughes & Associates Property Holdings
Ltd (Registered number: 13174511)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Hughes & Associates Property Holdings Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

Hughes & Associates Property Holdings
Ltd (Registered number: 13174511)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 636,805 194,073 830,878
Disposals - (32,309 ) (32,309 )
At 28 February 2024 636,805 161,764 798,569
DEPRECIATION
At 1 March 2023 - 16,082 16,082
Charge for year - 48,615 48,615
Eliminated on disposal - (6,462 ) (6,462 )
At 28 February 2024 - 58,235 58,235
NET BOOK VALUE
At 28 February 2024 636,805 103,529 740,334
At 28 February 2023 636,805 177,991 814,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors - 739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors 11 335
Other creditors 642,065 759,598
642,076 759,933