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REGISTERED NUMBER: 03301127 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HENCON LIMITED

HENCON LIMITED (REGISTERED NUMBER: 03301127)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


HENCON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr Jarleth Heneghan





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 03301127 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

HENCON LIMITED (REGISTERED NUMBER: 03301127)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75 100
Investment property 5 703,648 703,648
703,723 703,748

CURRENT ASSETS
Debtors 736 900
Cash at bank 8,938 8,581
9,674 9,481
CREDITORS
Amounts falling due within one year 99,895 93,333
NET CURRENT LIABILITIES (90,221 ) (83,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,502

619,896

CREDITORS
Amounts falling due after more than one year 6 (87,660 ) (96,951 )

PROVISIONS FOR LIABILITIES (53,420 ) (53,420 )
NET ASSETS 472,422 469,525

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 227,712 227,712
Retained earnings 244,708 241,811
SHAREHOLDERS' FUNDS 472,422 469,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HENCON LIMITED (REGISTERED NUMBER: 03301127)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 April 2025 and were signed by:





Mr Jarleth Heneghan - Director


HENCON LIMITED (REGISTERED NUMBER: 03301127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Hencon 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.

Turnover
Turnover represents the total rents receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HENCON LIMITED (REGISTERED NUMBER: 03301127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 10,835
DEPRECIATION
At 1 January 2024 10,735
Charge for year 25
At 31 December 2024 10,760
NET BOOK VALUE
At 31 December 2024 75
At 31 December 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 703,648
NET BOOK VALUE
At 31 December 2024 703,648
At 31 December 2023 703,648

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 34,142 45,938

HENCON LIMITED (REGISTERED NUMBER: 03301127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans due in one year 10,879 11,125

Amounts falling due between two and five years:
Bank loans - 2-5 years 53,518 51,013

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,142 45,938

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 98,539 108,076

The loan mortgages are secured against the investment properties of the company. All the investment properties owned by the company and the related mortgages are held in the name of Mr Jarleth Heneghan as trustee for the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 227,712

HENCON LIMITED (REGISTERED NUMBER: 03301127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Jarleth Heneghan.

The director, Mr Jarleth Heneghan, controls the company by virtue of the fact that he holds 100% of the issued share capital of the company.