H.T.C. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
H.T.C Limited (02325120) is a private company limited by shares and incorporated in England & Wales. Its registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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The investment property has been valued according to the estate of the late director. If the investment property had been shown at historic cost, the value would be nil, as gifted.
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Investment property revaluation reserve
This reserve recognises the cumulative adjustments to fair value in each relevant accounting period.
During the year ended 31 March 2023, an investment property was gifted to the company by the director, Brian Hunt, at nil value.
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