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REGISTERED NUMBER: 00614647 (England and Wales)



















HIZ SECURITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






HIZ SECURITIES LIMITED (REGISTERED NUMBER: 00614647)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


HIZ SECURITIES LIMITED (REGISTERED NUMBER: 00614647)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 504 197
Investments 5 50 50
Investment property 6 7,018,465 5,635,468
7,019,019 5,635,715

CURRENT ASSETS
Stocks - 833,826
Debtors 7 231,381 252,789
Investments 8 497,479 482,341
Cash at bank 911,412 883,153
1,640,272 2,452,109
CREDITORS
Amounts falling due within one year 9 231,647 125,257
NET CURRENT ASSETS 1,408,625 2,326,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,427,644

7,962,567

PROVISIONS FOR LIABILITIES 559,213 417,865
NET ASSETS 7,868,431 7,544,702

CAPITAL AND RESERVES
Called up share capital 11,232 11,232
Capital redemption reserve 3,768 3,768
Property maintenance reserve 250,000 -
Fair value reserve 10 4,328,651 3,916,021
Retained earnings 3,274,780 3,613,681
7,868,431 7,544,702

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 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.

HIZ SECURITIES LIMITED (REGISTERED NUMBER: 00614647)

BALANCE SHEET - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:




Mr B J Marx - Director



Ms E A Burnett - Director


HIZ SECURITIES LIMITED (REGISTERED NUMBER: 00614647)

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

1. STATUTORY INFORMATION

Hiz Securities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00614647

Registered office: Clare House
24 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

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 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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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

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

No depreciation is provided in respect of land and buildings.

Although this policy is in accordance with the Financial reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


HIZ SECURITIES LIMITED (REGISTERED NUMBER: 00614647)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2024 3,183 2,601 5,784
Additions - 382 382
At 31 December 2024 3,183 2,983 6,166
DEPRECIATION
At 1 January 2024 3,183 2,404 5,587
Charge for year - 75 75
At 31 December 2024 3,183 2,479 5,662
NET BOOK VALUE
At 31 December 2024 - 504 504
At 31 December 2023 - 197 197

HIZ SECURITIES LIMITED (REGISTERED NUMBER: 00614647)

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

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 January 2024
and 31 December 2024 50
NET BOOK VALUE
At 31 December 2024 50
At 31 December 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 5,635,468
Revaluations 132,997
Reclassification/transfer 1,250,000
At 31 December 2024 7,018,465
NET BOOK VALUE
At 31 December 2024 7,018,465
At 31 December 2023 5,635,468

The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2015 2,449,695
Valuation in 2016 317,513
Valuation in 2017 127,328
Valuation in 2018 479,907
Valuation in 2019 243,121
Valuation in 2020 245,069
Valuation in 2021 456,556
Valuation in 2022 215,502
Valuation in 2023 (212,878 )
Valuation in 2024 549,171
Cost 2,147,481
7,018,465

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 231,381 252,789

HIZ SECURITIES LIMITED (REGISTERED NUMBER: 00614647)

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

8. CURRENT ASSET INVESTMENTS
2024 2023
as restated
£    £   
Listed investments 1,534 1,534
Unlisted investments 495,945 480,807
497,479 482,341

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors - 5,017
Taxation and social security 195,001 68,192
Other creditors 36,646 52,048
231,647 125,257

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024 3,916,021
Fair value movements 549,171
Deferred tax movements (136,541 )

At 31 December 2024 4,328,651

11. RELATED PARTY DISCLOSURES

At the balance sheet date £77,103 (2023: £98,180) was due from Hendales Property Management Limited, a company controlled by J Mebourne, a director.

At the balance sheet date £131,211 (2023: £139,075) was due from Garrison Court Freeholders Limited, a company in which Hiz Securities Limited owns a 50% shareholding. This loan is interest free and there are no terms for repayment.

At the balance sheet date £122 (2023: £5,017 was owed to) was due from Clare Gardens Estate Management Company Limited, a company in which P Thake and R Thake are directors. This loan is interest free and there are no terms for repayment.

At the balance sheet date £NIL (2023: £22,402) was owed to P Thake, a director of the company.

12. ULTIMATE CONTROLLING PARTY

During the year, the company was controlled by the directors acting in concert.