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REGISTERED NUMBER: 12265475 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Hymec Properties And Leasing Limited

Hymec Properties And Leasing Limited (Registered number: 12265475)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hymec Properties And Leasing Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: F K Williams





REGISTERED OFFICE: C/o Mark Holt & Co 7 Sandy Court Ashleig
Langage Business Park
Plymouth
PL7 5JX





REGISTERED NUMBER: 12265475 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Hymec Properties And Leasing Limited (Registered number: 12265475)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,209,444 2,264,914

CURRENT ASSETS
Debtors 6 884 36,517
Cash at bank and in hand 216,552 7,477
217,436 43,994
CREDITORS
Amounts falling due within one year 7 (775,571 ) (479,174 )
NET CURRENT LIABILITIES (558,135 ) (435,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,651,309

1,829,734

CREDITORS
Amounts falling due after more than one
year

8

(1,120,521

)

(1,312,361

)
NET ASSETS 530,788 517,373

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 530,688 517,273
SHAREHOLDERS' FUNDS 530,788 517,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Hymec Properties And Leasing Limited (Registered number: 12265475)

Balance Sheet - continued
30 June 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 12 March 2025 and were signed by:





F K Williams - Director


Hymec Properties And Leasing Limited (Registered number: 12265475)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hymec Properties And Leasing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 10% to 25% on reducing balance

Freehold property rented to fellow group company has been accounted under the cost model.

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.

Hymec Properties And Leasing Limited (Registered number: 12265475)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 2,055,790 326,525 2,382,315
DEPRECIATION
At 1 July 2023 65,785 51,616 117,401
Charge for year 16,446 39,024 55,470
At 30 June 2024 82,231 90,640 172,871
NET BOOK VALUE
At 30 June 2024 1,973,559 235,885 2,209,444
At 30 June 2023 1,990,005 274,909 2,264,914

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 114,836
DEPRECIATION
At 1 July 2023 5,742
Charge for year 16,364
At 30 June 2024 22,106
NET BOOK VALUE
At 30 June 2024 92,730
At 30 June 2023 109,094

Hymec Properties And Leasing Limited (Registered number: 12265475)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 884 36,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 32,377 36,464
Hire purchase contracts 19,810 16,797
Trade creditors - 9,414
Amounts owed to group undertakings - 414,549
VAT 13,310 -
Amount owed to related entity 708,124 -
Accruals and deferred income 1,950 1,950
775,571 479,174

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 34,306 38,637
Bank loans - 2-5 years 115,672 130,275
Bank loans over 5 years by instalments 902,985 1,056,080
Hire purchase contracts 67,558 87,369
1,120,521 1,312,361

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 902,985 1,056,080

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 1,085,340 1,261,456
Hire purchase contracts 87,368 104,166
1,172,708 1,365,622

Bank loan is secured by a fixed and floating charge over the property situated at Plymbridge Road, Plymouth.

Amounts owing on hire purchase contracts are secured on the individual assets to which they relate.

Hymec Properties And Leasing Limited (Registered number: 12265475)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Share capital 1 1 100 100