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REGISTERED NUMBER: 12819087 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Hi Residential Properties Ltd

Hi Residential Properties Ltd (Registered number: 12819087)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Hi Residential Properties Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D L Maycock





REGISTERED OFFICE: 20 Brancaster Close
Amington
Tamworth
B77 3QD





REGISTERED NUMBER: 12819087 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Hi Residential Properties Ltd (Registered number: 12819087)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 181,407 150,826

CURRENT ASSETS
Debtors 5 865 -
Cash at bank 3,220 388
4,085 388
CREDITORS
Amounts falling due within one year 6 (67,055 ) (48,686 )
NET CURRENT LIABILITIES (62,970 ) (48,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,437

102,528

CREDITORS
Amounts falling due after more than one
year

7

(112,277

)

(108,715

)
NET ASSETS/(LIABILITIES) 6,160 (6,187 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,159 (6,188 )
6,160 (6,187 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hi Residential Properties Ltd (Registered number: 12819087)

Balance Sheet - continued
31 August 2024


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 director and authorised for issue on 23 May 2025 and were signed by:





D L Maycock - Director


Hi Residential Properties Ltd (Registered number: 12819087)

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

1. STATUTORY INFORMATION

Hi Residential Properties Ltd 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.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 150,826
Additions 618
Revaluations 29,963
At 31 August 2024 181,407
NET BOOK VALUE
At 31 August 2024 181,407
At 31 August 2023 150,826

Hi Residential Properties Ltd (Registered number: 12819087)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 29,963
Cost 151,444
181,407

The investment property was valued on an open market basis on 31 August 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 865 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 1,438 -
Other creditors 60,865 48,686
Directors' current accounts 3,552 -
Accrued expenses 1,200 -
67,055 48,686

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan due after 5 years 112,277 108,715

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 112,277 108,715

The bank loans represents mortgages secured on the investment properties held by the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hi Residential Properties Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hi Residential Properties Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hi Residential Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hi Residential Properties Ltd and state those matters that we have agreed to state to the director of Hi Residential Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hi Residential Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Hi Residential Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hi Residential Properties Ltd. You consider that Hi Residential Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hi Residential Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


23 May 2025