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REGISTERED NUMBER: 12068739 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HUS PROPERTY DEVELOPMENTS LIMITED

HUS PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12068739)






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


HUS PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr W Hussain
Mr I Hussain





REGISTERED OFFICE: C/O 11 Warwick Road
Old Trafford
United Kingdom
Manchester
M16 0QQ





REGISTERED NUMBER: 12068739 (England and Wales)





ACCOUNTANTS: Dunhams
Chartered Accountants
11 Warwick Road
Old Trafford
Stretford
Manchester
M16 0QQ

HUS PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12068739)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 229,151 234,243

CURRENT ASSETS
Debtors 5 623,538 616,696
Cash at bank and in hand 4,575 4,938
628,113 621,634
CREDITORS
Amounts falling due within one year 6 756,477 733,178
NET CURRENT LIABILITIES (128,364 ) (111,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,787 122,699

CREDITORS
Amounts falling due after more than one year 7 285,855 284,743
NET LIABILITIES (185,068 ) (162,044 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (185,168 ) (162,144 )
(185,068 ) (162,044 )

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 directors acknowledge their 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.

HUS PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12068739)

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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr I Hussain - Director


HUS PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12068739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Hus Property Developments 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Hus Property Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HUS PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12068739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 254,611
DEPRECIATION
At 1 July 2023 20,368
Charge for year 5,092
At 30 June 2024 25,460
NET BOOK VALUE
At 30 June 2024 229,151
At 30 June 2023 234,243

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 8,508 -
VAT - 6,005
Prepayments 12,800 12,800
21,308 18,805

Amounts falling due after more than one year:
Amounts owed by group undertakings 602,230 597,891

Aggregate amounts 623,538 616,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 80 1,192
Social security and other taxes - (140 )
VAT 760 -
Other creditors 295,940 295,940
Directors' current accounts 458,197 433,102
Accrued expenses 1,500 3,084
756,477 733,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 285,855 284,743

HUS PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12068739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 285,471 283,199

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 80 1,192

Amounts falling due between one and two years:
Bank loans - 1-2 years 86 357

Amounts falling due between two and five years:
Bank loans - 2-5 years 298 1,187

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 285,471 283,199

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 285,935 285,935

The loans are secured with a legal charge over the property 28 Park Range Manchester,M14 5HQ a debenture over all other assets of the company and personal Guarantees from Mr I Hussain and Mr W Hussain.

10. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £295,940 (2023:£264,940) owed to a company in which a director has a participating interest.

Including in debtors is an interest-only loan granted to the parent company of £607,369 (2023: £583,383) interest is charged at the HMRC ordinary rate on a variable basis. There is £18,847 (2023: £nil) included within interest received which has been charged to HUS Holdings Limited.