Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity11truetruefalse 08459307 2023-04-01 2024-03-31 08459307 2022-04-01 2023-03-31 08459307 2024-03-31 08459307 2023-03-31 08459307 c:Director1 2023-04-01 2024-03-31 08459307 d:CurrentFinancialInstruments 2024-03-31 08459307 d:CurrentFinancialInstruments 2023-03-31 08459307 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08459307 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08459307 d:ShareCapital 2024-03-31 08459307 d:ShareCapital 2023-03-31 08459307 d:RetainedEarningsAccumulatedLosses 2024-03-31 08459307 d:RetainedEarningsAccumulatedLosses 2023-03-31 08459307 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08459307 c:OrdinaryShareClass1 2024-03-31 08459307 c:OrdinaryShareClass1 2023-03-31 08459307 c:FRS102 2023-04-01 2024-03-31 08459307 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08459307 c:FullAccounts 2023-04-01 2024-03-31 08459307 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08459307 6 2023-04-01 2024-03-31 08459307 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08459307









HISLEY PROPERTY DEVELOPMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HISLEY PROPERTY DEVELOPMENTS LTD
REGISTERED NUMBER: 08459307

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
346,676
250,797

Current assets
  

Debtors: amounts falling due within one year
 5 
5,044
1,680

Cash at bank and in hand
 6 
76
70

  
5,120
1,750

Creditors: amounts falling due within one year
 7 
(308,347)
(287,019)

Net current liabilities
  
 
 
(303,227)
 
 
(285,269)

Total assets less current liabilities
  
43,449
(34,472)

  

Net assets/(liabilities)
  
43,449
(34,472)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
43,448
(34,473)

Total equity
  
43,449
(34,472)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
HISLEY PROPERTY DEVELOPMENTS LTD
REGISTERED NUMBER: 08459307
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E J Vantreen
Director

Date: 12 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HISLEY PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hisley Property Developments Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

Page 3

 
HISLEY PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.



 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The
Page 4

 
HISLEY PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.10

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds


3.


Employees

2024
2023
£
£

Wages and salaries
11,908
11,908

Social security costs
388
408

12,296
12,316


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
HISLEY PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Loans to associates
Total

£
£
£
£



Cost or valuation


At 1 April 2023
1
1
250,795
250,797


Additions
-
-
87,337
87,337


Disposals
-
-
(37,390)
(37,390)


Revaluations
-
-
45,932
45,932



At 31 March 2024
1
1
346,674
346,676






Net book value



At 31 March 2024
1
1
346,674
346,676



At 31 March 2023
1
1
250,795
250,797


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
5,044
1,680



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
76
70


Page 6

 
HISLEY PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,255
5,652

Other taxation and social security
388
408

Other creditors
303,004
278,259

Accruals and deferred income
2,700
2,700

308,347
287,019



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

During the year the director received £108,82 (2023 - £51,340) from Hisley Property Developments Limited and made payments to the company totalling £74,745 (2023 - £29,129). As at the balance sheet date the company owed the director £244,152 (2023 - £278,259).
During the year the company was allocated trading losses totalling £45,932 (2023 - losses of £8,300) from LLPs in which the company had a participating interest. Amounts totalling £87,227 (2023 - £30,025) were transferred to the LLPs and £36,930 (2023 - £80,715) was received from the LLPs. As at the balance sheet date the LLPs owed the company £346,674 (2023 - £251,795).

 
Page 7