IRIS Accounts Production v25.1.3.33 11013041 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model ordinary A 1.00000 ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110130412023-06-30110130412024-06-30110130412023-07-012024-06-30110130412022-06-30110130412022-07-012023-06-30110130412023-06-3011013041ns15:EnglandWales2023-07-012024-06-3011013041ns14:PoundSterling2023-07-012024-06-3011013041ns10:Director12023-07-012024-06-3011013041ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011013041ns10:SmallEntities2023-07-012024-06-3011013041ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3011013041ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3011013041ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3011013041ns10:FullAccounts2023-07-012024-06-3011013041ns10:OrdinaryShareClass12023-07-012024-06-3011013041ns10:OrdinaryShareClass22023-07-012024-06-3011013041ns10:Director22023-07-012024-06-3011013041ns10:RegisteredOffice2023-07-012024-06-3011013041ns5:CurrentFinancialInstruments2024-06-3011013041ns5:CurrentFinancialInstruments2023-06-3011013041ns5:Non-currentFinancialInstruments2024-06-3011013041ns5:Non-currentFinancialInstruments2023-06-3011013041ns5:ShareCapital2024-06-3011013041ns5:ShareCapital2023-06-3011013041ns5:RevaluationReserve2024-06-3011013041ns5:RevaluationReserve2023-06-3011013041ns5:RetainedEarningsAccumulatedLosses2024-06-3011013041ns5:RetainedEarningsAccumulatedLosses2023-06-301101304112023-07-012024-06-3011013041ns5:LandBuildings2023-07-012024-06-3011013041ns5:LandBuildings2024-06-3011013041ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3011013041ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3011013041ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3011013041ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3011013041ns10:OrdinaryShareClass12024-06-3011013041ns10:OrdinaryShareClass22024-06-3011013041ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 11013041 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HOLBECK PROPERTIES (SUSSEX) LTD

HOLBECK PROPERTIES (SUSSEX) LTD (REGISTERED NUMBER: 11013041)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLBECK PROPERTIES (SUSSEX) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M R Willis
Mrs T J Willis





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 11013041 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

HOLBECK PROPERTIES (SUSSEX) LTD (REGISTERED NUMBER: 11013041)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,311 -
Investment property 5 1,150,000 1,300,337
1,155,311 1,300,337

CURRENT ASSETS
Debtors 6 250 250
Cash at bank 7,369 4,591
7,619 4,841
CREDITORS
Amounts falling due within one year 7 (390,323 ) (391,289 )
NET CURRENT LIABILITIES (382,704 ) (386,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

772,607

913,889

CREDITORS
Amounts falling due after more than one
year

8

(660,188

)

(660,103

)
NET ASSETS 112,419 253,786

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 98,762 249,099
Retained earnings 13,655 4,685
SHAREHOLDERS' FUNDS 112,419 253,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HOLBECK PROPERTIES (SUSSEX) LTD (REGISTERED NUMBER: 11013041)

BALANCE SHEET - continued
30 JUNE 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





M R Willis - Director


HOLBECK PROPERTIES (SUSSEX) LTD (REGISTERED NUMBER: 11013041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Holbeck Properties (Sussex) Ltd 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


HOLBECK PROPERTIES (SUSSEX) LTD (REGISTERED NUMBER: 11013041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 5,311
At 30 June 2024 5,311
NET BOOK VALUE
At 30 June 2024 5,311

HOLBECK PROPERTIES (SUSSEX) LTD (REGISTERED NUMBER: 11013041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,300,337
Revaluations (150,337 )
At 30 June 2024 1,150,000
NET BOOK VALUE
At 30 June 2024 1,150,000
At 30 June 2023 1,300,337

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 1,080,000
Valuation in 2022 (6,960 )
Valuation in 2023 (40,040 )
Valuation in 2024 117,000
1,150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 250 250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,787 38,456
Trade creditors 1,724 1,724
Amounts owed to group undertakings 241,823 -
Taxation and social security 2,191 1,987
Other creditors 114,798 349,122
390,323 391,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 660,188 660,103

HOLBECK PROPERTIES (SUSSEX) LTD (REGISTERED NUMBER: 11013041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 660,188 660,103

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 ordinary A £1 1 1
1 ordinary B £1 1 1
2 2

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023 249,099
Revaluation (150,337 )

At 30 June 2024 98,762

11. RELATED PARTY DISCLOSURES

At the end of the year an amount of £ 241,823 (2023 - £245,823) was owed by the company to Havenscroft Ltd a company in which M R and Mrs T J Willis have a 100% shareholding.