1 July 2023 v2024.60.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP129532922023-07-012024-06-30129532922024-06-30129532922023-06-3012953292core:WithinOneYear2024-06-3012953292core:WithinOneYear2023-06-3012953292core:AfterOneYear2024-06-3012953292core:AfterOneYear2023-06-3012953292core:ShareCapital2024-06-3012953292core:ShareCapital2023-06-3012953292core:RetainedEarningsAccumulatedLosses2024-06-3012953292core:RetainedEarningsAccumulatedLosses2023-06-3012953292bus:Director12023-07-012024-06-3012953292bus:RegisteredOffice2023-07-012024-06-3012953292core:CostValuation2023-07-0112953292core:CostValuation2024-06-301295329212023-07-012024-06-30129532922022-07-012023-06-3012953292countries:EnglandWales2023-07-012024-06-3012953292bus:AuditExemptWithAccountantsReport2023-07-012024-06-3012953292bus:PrivateLimitedCompanyLtd2023-07-012024-06-3012953292bus:SmallEntities2023-07-012024-06-3012953292bus:FullAccounts2023-07-012024-06-30
Company registration number:
12953292
Hanley Progress Properties Ltd
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Hanley Progress Properties Ltd
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Investments 5
111,196
 
111,196
 
Current assets    
Debtors 6
249,553
 
249,411
 
Creditors: amounts falling due within one year 7
(238,450
)
(237,700
)
Net current assets
11,103
 
11,711
 
Total assets less current liabilities 122,299   122,907  
Creditors: amounts falling due after more than one year 8
(130,131
)
(130,131
)
Net liabilities
(7,832
)
(7,224
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(7,932
)
(7,324
)
Shareholders deficit
(7,832
)
(7,224
)
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
22 November 2024
, and are signed on behalf of the board by:
Mr Paul Walters
Director
Company registration number:
12953292
Hanley Progress Properties Ltd
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
C/O Jacksons Chartered Accountants Deansfield House
,
98 Lancaster Road
,
Newcastle under Lyme
,
Staffordshire
,
ST5 1DS
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Group accounts

The company is entitled to the exemption under section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 July 2023
111,196
 
At
30 June 2024
111,196
 
Impairment  
At
1 July 2023
and
30 June 2024
-  
Carrying amount  
At
30 June 2024
111,196
 
At 30 June 2023
111,196
 

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
248,824
 
248,824
 
Other debtors
729
 
587
 
249,553
 
249,411
 

7 Creditors: amounts falling due within one year

20242023
££
Other creditors
238,450
 
237,700
 

8 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
130,131
 
130,131
 

10 Controlling party

No one party controls the company.