Registered number
12488997
Hydd Property Management Ltd
Abridged Accounts
28 February 2025
Hydd Property Management Ltd
Registered number: 12488997
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 117,866 -
Current assets
Cash at bank and in hand 1,295 1
Creditors: amounts falling due within one year 4 (46,900) (812)
Net current liabilities (45,605) (811)
Total assets less current liabilities 72,261 (811)
Creditors: amounts falling due after more than one year 5 (81,246) -
Net liabilities (8,985) (811)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,085) (911)
Shareholder's funds (8,985) (811)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Aaron Wainwright
Director
Approved by the board on 11 April 2025
Hydd Property Management Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is rental income incurred during the year from investment properties held.

Revenue from the provision of rental properties is recognised over the period of rent, when and to the extent that, the company obtains the right to consideration in exchange for services provided.

To date no turnover recognised, first property acquired Feb 25.
Tangible fixed assets
Tangible fixed assets include residential investment properties that are held for earning rental income and capital appreciation. No depreciation has been provided on these due to their capital appreciation in value.

Other tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 117,866
At 28 February 2025 117,866
Depreciation
At 28 February 2025 -
Net book value
At 28 February 2025 117,866
Freehold land and buildings: 2025 2024
£ £
Historical cost 117,866 -
Cumulative depreciation based on historical cost - -
117,866 -
4 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals 324 -
Director's account 812 -
AW6 Promotions Limited 42,000 -
Mortgages < 1 year 3,764 -
Other creditors - 812
46,900 812
5 Creditors: amounts falling due after one year 2025 2024
£ £
Mortgages > 1 year 81,246 -
6 Mortgages 2025 2024
£ £
Creditors include:
Secured bank loans 85,010 -
Buy to let mortgages are secured on rental property.
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Aaron Wainwright
Directors loan account 659 - 153 812
659 - 153 812
The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £812 This amount being included in Creditors: amounts falling due within one year.
8 Related party transactions
During the year the company was loaned money from AW6 Promotions Ltd. At the year end the amount owed to AW6 Promotions Ltd was £42,000 this amount is included in Creditors: amounts falling due within one year. Mr A Wainwright is sole shareholder and director of both AW6 Promotions Ltd and Hydd Property Management Limited.
9 Controlling party
The ultimate controlling party with 100% ownership is Mr A Wainwright.
10 Other information
Hydd Property Management Ltd is a private company limited by shares and incorporated in Wales. Its registered office is:
C/o Crow Valley Accountancy Ltd
Suite 9, Torfaen Business Centre,
Panteg Way, New Inn,
Gwent
NP4 0LS
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