2023-09-012024-08-312024-08-31false12178997HPN PROPERTY SERVICES 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HPN PROPERTY SERVICES LTD

Registered Number
12178997
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

HPN PROPERTY SERVICES LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

NICHOLAS, Harriet Louise
NICHOLAS, Patrick John

Registered Address

Excel House
3 Duke Street
Bedford
MK40 3HR

Registered Number

12178997 (England and Wales)
HPN PROPERTY SERVICES LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3754,500754,500
754,500754,500
Current assets
Cash at bank and on hand10,36913,233
10,36913,233
Creditors amounts falling due within one year4(24,560)(26,339)
Net current assets (liabilities)(14,191)(13,106)
Total assets less current liabilities740,309741,394
Creditors amounts falling due after one year5(874,949)(819,129)
Net assets(134,640)(77,735)
Capital and reserves
Called up share capital100100
Profit and loss account(134,740)(77,835)
Shareholders' funds(134,640)(77,735)
The financial statements were approved and authorised for issue by the Board of Directors on 20 May 2025, and are signed on its behalf by:
NICHOLAS, Patrick John
Director
Registered Company No. 12178997
HPN PROPERTY SERVICES LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 September 23754,500754,500
At 31 August 24754,500754,500
Net book value
At 31 August 24754,500754,500
At 31 August 23754,500754,500
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts23,66025,439
Accrued liabilities and deferred income900900
Total24,56026,339
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts532,123553,684
Other creditors342,826265,445
Total874,949819,129