Registered number
14134827
HRW Properties Ltd
Unaudited Filleted Accounts
31 October 2024
HRW Properties Ltd
Registered number: 14134827
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 4 475,000 374,175
Current assets
Debtors 5 1,500 720
Cash at bank and in hand 2,933 11,004
4,433 11,724
Creditors: amounts falling due within one year 6 (27,068) (8,620)
Net current (liabilities)/assets (22,635) 3,104
Total assets less current liabilities 452,365 377,279
Creditors: amounts falling due after more than one year 7 (390,000) (390,000)
Provisions for liabilities (15,590) -
Net assets/(liabilities) 46,775 (12,721)
Capital and reserves
Called up share capital 3 3
Fair value reserve 9 67,356 -
Profit and loss account (20,584) (12,724)
Shareholders' funds 46,775 (12,721)
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.
Mr B Burns
Director
Approved by the board on 29/04/2025.
HRW Properties Ltd
Notes to the Accounts
for the period from 1 June 2023 to 31 October 2024
1 Statutory information
HRW Properties Ltd is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address are as below:
Registered number: 14134827
Registered office: The Arches
Chevin End Road
Menston
Ilkley
LS29 6BN
The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.
2 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" 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.
Turnover
Turnover represents rents received and receivable, excluding VAT.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
2 Accounting policies (continued)
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
4 Investment property
Total
£
Fair value
At 1 June 2023 374,175
Additions 11,017
Revaluation 89,808
At 31 October 2024 475,000
Historical cost
At 1 June 2023 374,175
At 31 October 2024 385,192
The investment property was valued on an open market basis on 31 October 2024 by the directors.
5 Debtors 2024 2023
£ £
Other debtors 1,500 720
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 85 -
Directors' current account 7,658 7,400
Accruals and deferred income 2,325 500
Other creditors 17,000 720
27,068 8,620
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 390,000 390,000
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 390,000 390,000
Bank loans are secured over the properties to which they relate.
9 Fair value reserve 2024 2023
£ £
Reserve transfer 67,356 -
At 31 October 2024 67,356 -
10 Related party transactions
During the period £258 (2023: £7,403) was advanced from and £Nil (2023: £3) was repaid to the directors. An amount of £7,658 (2023: £7,400) remained due to the directors at the period end.
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