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REGISTERED NUMBER: 06642787 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Hestia (York) Limited

Hestia (York) Limited (Registered number: 06642787)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hestia (York) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Ms K Gonsalves





REGISTERED OFFICE: 30 Yorkersgate
Malton
North Yorkshire
YO17 7AW





REGISTERED NUMBER: 06642787 (England and Wales)





ACCOUNTANTS: Hardcastle France
Chartered Accountants
30 Yorkersgate
Malton
North Yorkshire
YO17 7AW

Hestia (York) Limited (Registered number: 06642787)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,517 981
Investment property 5 2,395,000 2,010,000
2,398,517 2,010,981

CURRENT ASSETS
Debtors 6 300 300
Prepayments and accrued income 4,052 1,693
Cash at bank and in hand 113 89
4,465 2,082
CREDITORS
Amounts falling due within one year 7 954,909 707,326
NET CURRENT LIABILITIES (950,444 ) (705,244 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,448,073 1,305,737

PROVISIONS FOR LIABILITIES 92,627 45,582
NET ASSETS 1,355,446 1,260,155

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings - not distributable 277,879 194,326
Retained earnings 1,077,566 1,065,828
SHAREHOLDERS' FUNDS 1,355,446 1,260,155

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Hestia (York) Limited (Registered number: 06642787)

Balance Sheet - continued
31 May 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 19 February 2025 and were signed by:





Ms K Gonsalves - Director


Hestia (York) Limited (Registered number: 06642787)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Hestia (York) 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Computer equipment - 25% on 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 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 NIL (2023 - NIL).

Hestia (York) Limited (Registered number: 06642787)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 5,278
Additions 3,709
At 31 May 2024 8,987
DEPRECIATION
At 1 June 2023 4,297
Charge for year 1,173
At 31 May 2024 5,470
NET BOOK VALUE
At 31 May 2024 3,517
At 31 May 2023 981

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,010,000
Additions 254,401
Revaluations 130,599
At 31 May 2024 2,395,000
NET BOOK VALUE
At 31 May 2024 2,395,000
At 31 May 2023 2,010,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 239,908
Valuation in 2024 130,598
Cost 2,024,494
2,395,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,024,494 1,770,092

Investment property was valued on an open market basis on 31 May 2024 by Kim Gonsalves, Director .

Hestia (York) Limited (Registered number: 06642787)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 300 300

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,906 -
Creditors 2,590 4,849
Tax 2,537 8,640
VAT 3,339 3,339
Director's current account 938,529 687,027
Accruals and deferred income 5,008 3,471
954,909 707,326

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

At 31 May 2024 the company owed £938,529 to the director (2023: £687,027). The loan is repayable on demand and classified in creditors due within one year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms K Gonsalves, by virtue of her shareholding.