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REGISTERED NUMBER: 03222796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HERCZEL & FREEDS LIMITED

HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HERCZEL & FREEDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: E Herczl





SECRETARY: E Herczl





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 03222796 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 838 986
Investment property 5 3,513,384 3,513,384
3,514,222 3,514,370

CURRENT ASSETS
Debtors 6 2,302,171 2,296,671
Cash at bank 7,521 23,642
2,309,692 2,320,313
CREDITORS
Amounts falling due within one year 7 (91,429 ) (118,140 )
NET CURRENT ASSETS 2,218,263 2,202,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,732,485

5,716,543

CREDITORS
Amounts falling due after more than one
year

8

(1,165,000

)

(1,165,000

)

PROVISIONS FOR LIABILITIES (672,509 ) (672,509 )
NET ASSETS 3,894,976 3,879,034

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 3,539,521 3,539,521
Retained earnings 9 354,455 338,513
SHAREHOLDERS' FUNDS 3,894,976 3,879,034

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 28 May 2025 and were signed by:





E Herczl - Director


HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Herczel & Freeds 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

3. EMPLOYEES AND DIRECTORS

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

HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 39,624
DEPRECIATION
At 1 January 2024 38,638
Charge for year 148
At 31 December 2024 38,786
NET BOOK VALUE
At 31 December 2024 838
At 31 December 2023 986

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 3,513,384
NET BOOK VALUE
At 31 December 2024 3,513,384
At 31 December 2023 3,513,384

Fair value at 31 December 2024 is represented by:
£   
Valuation in 1998 317,500
Valuation in 2017 1,472,021
Valuation in 2019 710,479
Valuation in 2020 40,000
Valuation in 2023 973,384
3,513,384

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 56,951 56,951
Other debtors 2,245,220 2,239,720
2,302,171 2,296,671

HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 3,416
Taxation and social security 34,235 63,823
Other creditors 57,194 50,901
91,429 118,140

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 1,165,000 1,165,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,165,000 1,165,000

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 338,513 3,539,521 3,878,034
Profit for the year 15,942 15,942
At 31 December 2024 354,455 3,539,521 3,893,976