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REGISTERED NUMBER: 07418852 (England and Wales)














Financial Statements

for the Year Ended 31 December 2024

for

Hadwens Apartments Limited

Hadwens Apartments Limited (Registered number: 07418852)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hadwens Apartments Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N Parkinson





SECRETARY: P Bruford





REGISTERED OFFICE: 51 - 55 Tithebarn Street
Liverpool
Merseyside
L2 2SB





REGISTERED NUMBER: 07418852 (England and Wales)





AUDITORS: SB&P
Chartered Accountants & Statutory Auditors
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Hadwens Apartments Limited (Registered number: 07418852)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,200,000 1,200,000

CURRENT ASSETS
Debtors 5 11,325 925
Cash at bank 1,228 10,615
12,553 11,540
CREDITORS
Amounts falling due within one year 6 786,032 849,668
NET CURRENT LIABILITIES (773,479 ) (838,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,521

361,872

PROVISIONS FOR LIABILITIES 25,000 25,000
NET ASSETS 401,521 336,872

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 401,520 336,871
SHAREHOLDERS' FUNDS 401,521 336,872

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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





N Parkinson - Director


Hadwens Apartments Limited (Registered number: 07418852)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Hadwens Apartments 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents rent received from residential lettings.

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 has chosen to adopt Sections 11 of FRS 102 in respect of financial instruments.

Basic financial instruments include trade debtors and trade creditors. Those that are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

Hadwens Apartments Limited (Registered number: 07418852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,200,000
NET BOOK VALUE
At 31 December 2024 1,200,000
At 31 December 2023 1,200,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 1,099,999 1,099,999

Investment property was valued on an open market basis on 27 February 2023 by MO Valuations Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 11,325 925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 768,664 833,924
Taxation 16,707 13,473
Other creditors 661 2,271
786,032 849,668

7. SECURED DEBTS

A Debenture on the Bank's Standard form dated 8th December 2015.

An unlimited Cross Guarantee between Curtins Consulting Limited supported by a Debenture, Curtins Group Limited supported by a Debenture and a Legal Charge over Beetham Court, 51-57 Tithebarn Street Liverpool and Hadwens Apartments Limited supported by a Debenture

Hadwens Apartments Limited (Registered number: 07418852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)
for and on behalf of SB&P