Registered number
10743508
HDR Development Limited
Filleted Accounts
31 March 2025
HDR Development Limited
Registered number: 10743508
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 5,301,196 5,280,203
Current assets
Debtors 4 444 -
Cash at bank and in hand 108,624 98,713
109,068 98,713
Creditors: amounts falling due within one year 5 (622,386) (643,531)
Net current liabilities (513,318) (544,818)
Total assets less current liabilities 4,787,878 4,735,385
Creditors: amounts falling due after more than one year 6 (1,686,954) (1,614,806)
Net assets 3,100,924 3,120,579
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,100,824 3,120,479
Shareholders' funds 3,100,924 3,120,579
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
M J Kanbi
Director
Approved by the board on 9 April 2025
HDR Development Limited
Notes to the Accounts
for the year ended 31 March 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 measured at the fair value of the rents received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from property management and development net of discounts and VAT.
Investments
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The methods and significant assumptions used to acertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:
Properties are valued using RICS open market valuation on freehold basis, conducted by Anderson Wilde & Harris, Chartered Surveyors.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 5,280,203
Additions 20,993
At 31 March 2025 5,301,196
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 5,301,196
At 31 March 2024 5,280,203
The properties were revalued in March 2017 by Mr H Hirani Bsc (Hons) MRICS and his team, from Anderson Wilde & Harris. The valuations were based on recent market values achieved on comparable properties in the immediate vicinity.
4 Debtors 2025 2024
£ £
Other debtors 444 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs - 16,327
Other creditors 622,386 627,204
622,386 643,531
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,686,954 1,614,806
7 Controlling party
The company is a wholly owned subsidiary of HDRMK Holding Ltd, a company registered in England and Wales.
8 Other information
HDR Development Limited is a private company limited by shares and incorporated in England. Its registered office is:
75A Christchurch Avenue
London
London
NW6 7NX
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