Company Registration No. 15112230 (England and Wales)
Hoglet Investments Ltd
Unaudited accounts
for the period from 4 September 2023 to 28 February 2025
Hoglet Investments Ltd
Unaudited accounts
Contents
Hoglet Investments Ltd
Statement of financial position
as at 28 February 2025
Investment property
685,000
Cash at bank and in hand
4,268
Creditors: amounts falling due within one year
(3,642)
Total assets less current liabilities
694,009
Creditors: amounts falling due after more than one year
(382,241)
Provisions for liabilities
Called up share capital
(3)
Profit and loss account
236,081
Shareholders' funds
236,078
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by
Richard Elliot Harris
Director
Company Registration No. 15112230
Hoglet Investments Ltd
Notes to the Accounts
for the period from 4 September 2023 to 28 February 2025
Hoglet Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 15112230. The registered office is Honeysuckle Cottage, Preston Old Road, Clifton, Preston, Lancashire, PR4 0ZA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 4 September 2023 to 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 4 September 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Both properties held were revalued at year end by local estate agents who have extensive knowledge of the area.
At 28 February 2025
685,000
Investment properties are held for the purpose of generating rental income and/or for capital appreciation. The investment property is valued at fair value on a periodic basis, with changes in fair value recognized in profit or loss.
The fair value of the investment property was determined by recent sales of comparable properties in the area.
The valuation was performed by estate agents with extensive experience in the local area.
Amounts falling due after more than one year
Hoglet Investments Ltd
Notes to the Accounts
for the period from 4 September 2023 to 28 February 2025
7
Creditors: amounts falling due within one year
2025
Taxes and social security
3,642
8
Creditors: amounts falling due after more than one year
2025
Two interest only mortgages were taken out on the investment properties on 28 March 2024. These mortgages are for an initial fixed term of 61 months, with an interest rate of 5.19%. After this initial term, the interest rate will change to the lenders Buy to Let variable rate, which is currently 8.04%.
Revaluation of investment property
75,690
Charged to the profit and loss account
75,690
Provision at end of period
75,690
Deferred tax is calculated on all investment property fair value gains at a rate of 25%
10
Average number of employees
During the period the average number of employees was 0.