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REGISTERED NUMBER: 09216394 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

HONEY BEE PROPERTIES LIMITED

HONEY BEE PROPERTIES LIMITED (REGISTERED NUMBER: 09216394)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HONEY BEE PROPERTIES LIMITED

Company Information
for the year ended 30 September 2024







DIRECTOR: R Pharaon





REGISTERED OFFICE: 9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX





REGISTERED NUMBER: 09216394 (England and Wales)





ACCOUNTANTS: Camerons Accountancy Consultants Limited
Chartered Accountants
9 Worton Park
Cassington
Witney
Oxfordshire
OX29 4SX

HONEY BEE PROPERTIES LIMITED (REGISTERED NUMBER: 09216394)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,054 2,512
Investment property 5 8,104,223 7,856,410
8,105,277 7,858,922

CURRENT ASSETS
Debtors 6 13,153 77,888
Cash at bank 2,497 111,808
15,650 189,696
CREDITORS
Amounts falling due within one year 7 27,876 34,214
NET CURRENT (LIABILITIES)/ASSETS (12,226 ) 155,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,093,051

8,014,404

CREDITORS
Amounts falling due after more than one
year

8

7,924,700

7,827,361
NET ASSETS 168,351 187,043

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 (311,910 ) (253,315 )
Retained earnings 480,260 440,357
SHAREHOLDERS' FUNDS 168,351 187,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 27 June 2025 and were signed by:





R Pharaon - Director


HONEY BEE PROPERTIES LIMITED (REGISTERED NUMBER: 09216394)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Honey Bee 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 (£).


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.

Turnover
Turnover is measured at the fair value of the consideration 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 - 33% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 3,054 5,581 8,635
Disposals - (1,478 ) (1,478 )
At 30 September 2024 3,054 4,103 7,157
DEPRECIATION
At 1 October 2023 2,778 3,345 6,123
Charge for year 91 1,367 1,458
Eliminated on disposal - (1,478 ) (1,478 )
At 30 September 2024 2,869 3,234 6,103
NET BOOK VALUE
At 30 September 2024 185 869 1,054
At 30 September 2023 276 2,236 2,512

HONEY BEE PROPERTIES LIMITED (REGISTERED NUMBER: 09216394)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 7,856,410
Additions 306,408
Revaluations (58,595 )
At 30 September 2024 8,104,223
NET BOOK VALUE
At 30 September 2024 8,104,223
At 30 September 2023 7,856,410

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 197,276
Valuation in 2018 129,344
Valuation in 2022 (455,204 )
Valuation in 2023 (124,731 )
Valuation in 2024 (58,595 )
Cost 8,416,133
8,104,223

The revaluation amount shown is based on the value that the Director of the company would expect to achieve should the property be put on the market.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,343 -
Other debtors 11,810 77,888
13,153 77,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,879 27,593
Other creditors 17,997 6,621
27,876 34,214

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 7,924,700 7,827,361

9. RESERVES
Fair
value
reserve
£   
At 1 October 2023 (253,315 )
Fair value adjustment (58,595 )

At 30 September 2024 (311,910 )

HONEY BEE PROPERTIES LIMITED (REGISTERED NUMBER: 09216394)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30th September 2024, Honey Bee Properties Limited owed its director, Mr R Pharaon, £7,924,700 (£7,827,361 in 2023). This loan is interest free and repayable on demand and is shown under Other Creditors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Pharaon.