2023-08-012024-07-312024-07-31false10923553HERO PROPERTY INVESTMENTS 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HERO PROPERTY INVESTMENTS LIMITED

Registered Number
10923553
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

HERO PROPERTY INVESTMENTS LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

JOHNSTON, Robert Andrew
LUTTON, Heather Ruth

Company Secretary

LUTTON, Heather Ruth

Registered Address

Ashton Hall Kelsall Road
Ashton
Chester
CH3 8BH

Registered Number

10923553 (England and Wales)
HERO PROPERTY INVESTMENTS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3357,285357,285
357,285357,285
Current assets
Debtors5,6146,181
Cash at bank and on hand20,97511,700
26,58917,881
Creditors amounts falling due within one year4(263,958)(270,269)
Net current assets (liabilities)(237,369)(252,388)
Total assets less current liabilities119,916104,897
Net assets119,916104,897
Capital and reserves
Called up share capital33
Profit and loss account119,913104,894
Shareholders' funds119,916104,897
The financial statements were approved and authorised for issue by the Board of Directors on 24 February 2025, and are signed on its behalf by:
LUTTON, Heather Ruth
Director
Registered Company No. 10923553
HERO PROPERTY INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is recognised as rental income invoiced during the year.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property

£
Fair value at 01 August 23357,285
At 31 July 24357,285
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,5238,964
Other creditors255,733256,603
Accrued liabilities and deferred income4,7024,702
Total263,958270,269
5.Related party transactions
At 31 July 2024 The Estate of Mr P D Johnston was owed £145,103 (2023 - £145,103) for monies loaned to the company in previous periods. The loan is interest free and repayable on demand.