IRIS Accounts Production v25.1.3.33 15430166 director 22.1.24 31.1.25 31.1.25 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh154301662024-01-21154301662025-01-31154301662024-01-222025-01-31154301662024-01-2115430166ns15:EnglandWales2024-01-222025-01-3115430166ns14:PoundSterling2024-01-222025-01-3115430166ns10:Director12024-01-222025-01-3115430166ns10:PrivateLimitedCompanyLtd2024-01-222025-01-3115430166ns10:SmallEntities2024-01-222025-01-3115430166ns10:AuditExempt-NoAccountantsReport2024-01-222025-01-3115430166ns10:SmallCompaniesRegimeForDirectorsReport2024-01-222025-01-3115430166ns10:SmallCompaniesRegimeForAccounts2024-01-222025-01-3115430166ns10:FullAccounts2024-01-222025-01-3115430166ns10:RegisteredOffice2024-01-222025-01-3115430166ns5:CurrentFinancialInstruments2025-01-3115430166ns5:Non-currentFinancialInstruments2025-01-3115430166ns5:ShareCapital2025-01-3115430166ns5:FurtherSpecificReserve3ComponentTotalEquity2025-01-3115430166ns5:RetainedEarningsAccumulatedLosses2025-01-311543016612024-01-222025-01-3115430166ns5:PlantMachinery2024-01-222025-01-3115430166ns5:PlantMachinery2025-01-3115430166ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3115430166ns5:Secured2025-01-31
REGISTERED NUMBER: 15430166 (England and Wales)















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: S M King





REGISTERED OFFICE: Haunchwood Park Industrial Estate
Galley Common
Nuneaton
CV10 9SP





REGISTERED NUMBER: 15430166 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
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 36,319
Investment property 5 390,000
426,319

CURRENT ASSETS
Debtors 6 29,416
Cash at bank 11,421
40,837
CREDITORS
Amounts falling due within one year 7 362,632
NET CURRENT LIABILITIES (321,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,524

CREDITORS
Amounts falling due after more than one
year

8

131,144
NET LIABILITIES (26,620 )

CAPITAL AND RESERVES
Called up share capital 1
Fair value reserve 10 (45,454 )
Retained earnings 18,833
(26,620 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

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 23 June 2025 and were signed by:





S M King - Director


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 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 (£).

The financial statements have been rounded to the nearest Pound (£).

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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 37,930
At 31 January 2025 37,930
DEPRECIATION
Charge for period 1,611
At 31 January 2025 1,611
NET BOOK VALUE
At 31 January 2025 36,319

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 446,116
Revaluations (56,116 )
At 31 January 2025 390,000
NET BOOK VALUE
At 31 January 2025 390,000

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 1,746
Other debtors 27,670
29,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 73,315
Trade creditors 94,811
Other creditors 194,506
362,632

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 131,144

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 204,459

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 (45,454 )