Registered number
11496699
HAB PROPERTY INVESTMENTS LTD
Filleted Accounts
31 August 2024
HAB PROPERTY INVESTMENTS LTD
Registered number: 11496699
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 624,681 624,681
Current assets
Cash at bank and in hand 21,003 16,037
Creditors: amounts falling due within one year 4 (40,564) (43,018)
Net current liabilities (19,561) (26,981)
Total assets less current liabilities 605,120 597,700
Creditors: amounts falling due after more than one year 5 (528,775) (547,174)
Net assets 76,345 50,526
Capital and reserves
Called up share capital 4 4
Revaluation reserve 7 34,638 34,638
Profit and loss account 41,703 15,884
Shareholders' funds 76,345 50,526
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jack Garey
Director
Approved by the board on 28 February 2025
HAB PROPERTY INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 -
3 Tangible fixed assets
Land and buildings Property renovations Furnishings Total
£ £ £ £
Cost
At 1 September 2023 578,156 22,684 23,841 624,681
At 31 August 2024 578,156 22,684 23,841 624,681
Depreciation
At 31 August 2024 - - - -
Net book value
At 31 August 2024 578,156 22,684 23,841 624,681
At 31 August 2023 578,156 22,684 23,841 624,681
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 34,744 40,700
Trade creditors 650 2,318
Taxation and social security costs 3,646 -
Other creditors 1,524 -
40,564 43,018
5 Creditors: amounts falling due after one year 2024 2023
£ £
Building Society loan 301,016 301,016
Bank loan 270,375 206,526
Other creditors - shareholders (42,616) 39,632
528,775 547,174
6 Loans 2024 2023
£ £
Creditors include:
Secured bank and building society loans 571,391 507,542
OneSavings Bank PLC and The Mortgage Works (Uk) PLC have legal charges on the freehold property known as 64, Reservoir Road, Birmingham, B16 9EF. OneSavings Bank PlC has a legal charge on the freehold property known as 38 Daisy Road, Birmingham, B16 9DZ.
7 Revaluation reserve 2024 2023
£ £
At 1 September 2023 34,638 34,638
At 31 August 2024 34,638 34,638
8 Other information
HAB PROPERTY INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
70 Brooklands Road, Hall green, Birmingham, West Midlands B28 8JZ
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