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REGISTERED NUMBER: 10773850 (England and Wales)










HPB Properties Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






HPB Properties Limited (Registered number: 10773850)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HPB Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C Clark
W Herlinger





REGISTERED OFFICE: 15 Moreton Avenue
Harpenden
Hertfordshire
AL5 2EU





REGISTERED NUMBER: 10773850 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

HPB Properties Limited (Registered number: 10773850)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 546,802 546,802

CURRENT ASSETS
Cash at bank 99,707 90,021

CREDITORS
Amounts falling due within one year 6 (243,214 ) (244,312 )
NET CURRENT LIABILITIES (143,507 ) (154,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,295

392,511

CREDITORS
Amounts falling due after more than one
year

7

(367,822

)

(367,824

)
NET ASSETS 35,473 24,687

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 35,471 24,685
SHAREHOLDERS' FUNDS 35,473 24,687

HPB Properties Limited (Registered number: 10773850)

Balance Sheet - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





W Herlinger - Director


HPB Properties Limited (Registered number: 10773850)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

HPB 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Profit & Loss Account, 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.

CASH AT BANK
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

BORROWING
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HPB Properties Limited (Registered number: 10773850)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 June 2023
and 31 May 2024 546,802
NET BOOK VALUE
At 31 May 2024 546,802
At 31 May 2023 546,802

The Directors have confirmed that the open market value of property at 31 May 2024 is equal to cost.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,604 5,901
Other creditors 237,610 238,411
243,214 244,312

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 367,822 367,824

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 367,822 367,824

8. LOANS

An analysis of the maturity of loans is given below:
20242023
££
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal225,526225,510
All bank loans are secured on the assets of the company and are interest only.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Shares 1 2 2