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REGISTERED NUMBER: 03259200 (England and Wales)















Hurford Salvi Carr Property
Management Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Hurford Salvi Carr Property
Management Limited (Registered number: 03259200)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hurford Salvi Carr Property
Management Limited

Company Information
for the year ended 31 July 2024







Director: S G Hurford





Registered office: 3 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD





Registered number: 03259200 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Hurford Salvi Carr Property
Management Limited (Registered number: 03259200)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 5,645 12,696
Investments 5 69,301 69,301
74,946 81,997

Current assets
Debtors 6 593,479 627,427
Cash at bank 146,914 122,344
740,393 749,771
Creditors
Amounts falling due within one year 7 639,002 613,370
Net current assets 101,391 136,401
Total assets less current liabilities 176,337 218,398

Creditors
Amounts falling due after more than one
year

8

8,333

208,333
Net assets 168,004 10,065

Capital and reserves
Called up share capital 10 4 4
Retained earnings 168,000 10,061
Shareholders' funds 168,004 10,065

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:



S G Hurford - Director


Hurford Salvi Carr Property
Management Limited (Registered number: 03259200)

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


1. Statutory information

Hurford Salvi Carr Property Management 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.

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

The Directors have reviewed and considered relevant information, including the annual 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 these financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Hurford Salvi Carr Property Management Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Depreciation and amortisation
There is estimation uncertainty in calculating depreciation and amortisation on fixed assets, as they are being written down on a straight line basis over their estimated useful economic life, which may not match their actual useful life.

Valuation of investments
There is estimation uncertainty in calculating impairment of investments, as they are being held at cost less impairment.

Management fees
Management fees are the turnover for the period which comprises of management fees receivable for services rendered net of VAT and trade discounts (if any). Property management income is recognised when the service is provided. Surveying income is recognised based on stage of completion. Insurance commission is recognised on the date at which the associated policy is effective from.

Hurford Salvi Carr Property
Management Limited (Registered number: 03259200)

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


2. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% and 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. Employees and directors

The average number of employees during the year was 44 (2023 - 43 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 August 2023 56,933
Additions 2,415
At 31 July 2024 59,348
Depreciation
At 1 August 2023 44,237
Charge for year 9,466
At 31 July 2024 53,703
Net book value
At 31 July 2024 5,645
At 31 July 2023 12,696

Hurford Salvi Carr Property
Management Limited (Registered number: 03259200)

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


5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 August 2023
and 31 July 2024 69,301
Net book value
At 31 July 2024 69,301
At 31 July 2023 69,301

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

Ashby Building Surveyors
Registered office: United Kingdom
Nature of business: Quantity Surveyors
%
Class of shares: holding
Ordinary 100.00

Ashby and Horner Limited
Registered office: United Kingdom
Nature of business: Property Management
%
Class of shares: holding
Ordinary 100.00

Block Management Online Limited
Registered office: United Kingdom
Nature of business: Property Management
%
Class of shares: holding
Ordinary 100.00

London Debt Collectors Limited
Registered office: United Kingdom
Nature of business: Collection Agency
%
Class of shares: holding
Ordinary 100.00

Keneth Peters Asset Management Limited
Registered office: United Kingdom
Nature of business: Property Management
%
Class of shares: holding
Ordinary 100.00

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 294,570 318,088
Amounts owed by group undertakings 223,629 243,409
Other debtors 75,280 65,930
593,479 627,427

Hurford Salvi Carr Property
Management Limited (Registered number: 03259200)

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


7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 67,875 152,607
Taxation and social security 129,509 158,427
Other creditors 441,618 302,336
639,002 613,370

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Amounts owed to group undertakings - 190,000
Other creditors 8,333 18,333
8,333 208,333

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 2,750 87,450
Between one and five years - 2,750
2,750 90,200

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
4 Ordinary £1 4 4

11. Other financial commitments

The Company entered into a charge (debenture agreement) at 30 January 2018 with Lloyds Bank Plc. The charge consists of fixed and floating charges which cover all the property or undertakings of the Company. More details can be found on Companies House website.

12. Related party disclosures

Included in note 9 within trade creditors is an amount of £39,994 (2023: £99,984) owed to a related party, Hurford Salvi Carr Limited, for transactions occurring within the normal course of business.

During the year amounts totalling £24,996 (2023 - £49,992) were paid to a related party.