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REGISTERED NUMBER: 03802916 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

HOUGHTON PROPERTIES LIMITED

HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 03802916)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOUGHTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr I R Houghton
Mr N D Houghton





SECRETARY: Mr I R Houghton





REGISTERED OFFICE: 49 Manor Lane
Halesowen
Birmingham
West Midlands
B62 8PZ





REGISTERED NUMBER: 03802916 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 03802916)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 272 408
Investment property 5 1,505,700 1,505,700
1,505,972 1,506,108

CURRENT ASSETS
Debtors 6 58,207 58,298
Cash at bank 483,823 400,901
542,030 459,199
CREDITORS
Amounts falling due within one year 7 29,780 18,182
NET CURRENT ASSETS 512,250 441,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,018,222

1,947,125

PROVISIONS FOR LIABILITIES 119 74
NET ASSETS 2,018,103 1,947,051

CAPITAL AND RESERVES
Called up share capital 90,300 90,300
Capital redemption reserve 5,000 5,000
Retained earnings 1,922,803 1,851,751
SHAREHOLDERS' FUNDS 2,018,103 1,947,051

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

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

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 29 April 2025 and were signed on its behalf by:





Mr I R Houghton - Director


HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 03802916)

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

1. STATUTORY INFORMATION

Houghton Properties 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.

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 as modified by the revaluation of certain assets.

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 - 15% on cost
Computer equipment - 33% 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.

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 NIL (2023 - NIL).

HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 03802916)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 7,671 629 8,300
DEPRECIATION
At 1 August 2023 7,671 221 7,892
Charge for year - 136 136
At 31 July 2024 7,671 357 8,028
NET BOOK VALUE
At 31 July 2024 - 272 272
At 31 July 2023 - 408 408

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,505,700
NET BOOK VALUE
At 31 July 2024 1,505,700
At 31 July 2023 1,505,700

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2010 (11,947 )
Valuation in 2021 512,751
Cost 1,004,896
1,505,700

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,004,896 1,004,896

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 58,207 58,298

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 20,580 9,082
Other creditors 9,200 9,100
29,780 18,182

HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 03802916)

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

8. RELATED PARTY DISCLOSURES

Included within other debtors are loans to Lander Automotive Limited of £55,000 (2021: £55,000).