| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 22 January 2024 to 31 January 2025 |
| for |
| Haunchwood Properties Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 22 January 2024 to 31 January 2025 |
| for |
| Haunchwood Properties Limited |
| Haunchwood Properties Limited (Registered number: 15430166) |
| Contents of the Financial Statements |
| for the Period 22 January 2024 to 31 January 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Haunchwood Properties Limited |
| Company Information |
| for the Period 22 January 2024 to 31 January 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 HRFC Business Centre |
| Leicester Road |
| Hinckley |
| Leicestershire |
| LE10 3DR |
| Haunchwood Properties Limited (Registered number: 15430166) |
| Balance Sheet |
| 31 January 2025 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 | ( |
) |
| Retained earnings |
| ( |
) |
| 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. |
| The financial statements were approved by the director and authorised for issue on |
| Haunchwood Properties Limited (Registered number: 15430166) |
| Notes to the Financial Statements |
| for the Period 22 January 2024 to 31 January 2025 |
| 1. | STATUTORY INFORMATION |
| Haunchwood Properties Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The financial statements have been rounded to the nearest Pound (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The director assesses whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The director makes this assessment in respect of a period of at least one year from the date of the approval of the financial statements. |
| The company has net current liabilities of £321,795 and net liabilities of £26,620. Within current liabilities is £190,079 owed to the director and £95,706 owed to a related party company. Confirmation has been gained from the director and the related party company that the company will continue to be supported. |
| The director has concluded that there are no material uncertainties about the company's ability to continue as a going concern and is satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements. |
| Critical accounting judgements and key sources of estimation uncertainty |
| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. |
| Valuation of investment property |
| The director reassesses the fair value of investment property annually using the director's opinion of the property's fair value. Investment property has been revalued as at balance sheet date in accordance with the director's opinion as disclosed in note 6, whereby the director takes into account their knowledge of the property and the local market. |
| Turnover |
| Revenue from rental income is recognised evenly over the period of rental. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
| Taxation |
| Taxation for the period 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. |
| Haunchwood Properties Limited (Registered number: 15430166) |
| Notes to the Financial Statements - continued |
| for the Period 22 January 2024 to 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| Loans and borrowings |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
| Impairment |
| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 31 January 2025 |
| DEPRECIATION |
| Charge for period |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| Revaluations | (56,116 | ) |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| Haunchwood Properties Limited (Registered number: 15430166) |
| Notes to the Financial Statements - continued |
| for the Period 22 January 2024 to 31 January 2025 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 31 January 2025 is represented by: |
| £ |
| Valuation in 2025 | (56,116 | ) |
| Cost | 446,116 |
| 390,000 |
| Investment property is valued by the director, using their knowledge of the property and the local market. |
| Investment property was revalued during the year and the £56,116 reduction in value was expensed to the profit and loss. |
| A transfer from retained profit to the fair value reserve was made during the year for the £56,116 reduction in value less a £10,662 allowance for deferred tax. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Bank loans and overdrafts |
| Trade creditors |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Bank loans |
| HSBC UK Bank PLC holds a fixed and floating charge over all the property or underaking of the company, alongside a specific charge over the investment property of the company. |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| Transfer | (45,454 | ) |
| At 31 January 2025 | ( |
) |