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REGISTERED NUMBER: 03672027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

HONESTA PROPERTY LTD

HONESTA PROPERTY LTD (REGISTERED NUMBER: 03672027)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HONESTA PROPERTY LTD

Company Information
for the year ended 31 March 2025







DIRECTORS: B A Lewis
K S Lewis





SECRETARY: K S Lewis





REGISTERED OFFICE: Warren Drive
Fielden Road
Crowborough
East Sussex
TN6 1TP





REGISTERED NUMBER: 03672027 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HONESTA PROPERTY LTD (REGISTERED NUMBER: 03672027)

Balance Sheet
31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 1,214,368 1,214,368

CURRENT ASSETS
Debtors 5 5,063 -
Cash at bank 1,440 661
6,503 661
CREDITORS
Amounts falling due within one year 6 (286,343 ) (241,128 )
NET CURRENT LIABILITIES (279,840 ) (240,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,528

973,901

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 934,428 973,801
SHAREHOLDERS' FUNDS 934,528 973,901

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

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

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 27 June 2025 and were signed on its behalf by:





K S Lewis - Director


HONESTA PROPERTY LTD (REGISTERED NUMBER: 03672027)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Honesta Property 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.

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.

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

Freehold property- not depreciated as the property is held for resale
Fixtures & fittings- 10% straight line
Computer equipment- 25% straight line

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.

Going concern
The company has ceased trading and is available for sale. Therefore these accounts have been prepared on a basis other than that of a going concern.

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 year was 2 (2024 - 2 ) .

HONESTA PROPERTY LTD (REGISTERED NUMBER: 03672027)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 April 2024
and 31 March 2025 1,802,474 - 1,802,474
DEPRECIATION
At 1 April 2024
and 31 March 2025 588,107 (1 ) 588,106
NET BOOK VALUE
At 31 March 2025 1,214,367 1 1,214,368
At 31 March 2024 1,214,367 1 1,214,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 5,063 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors - 1,570
Other creditors 286,343 239,558
286,343 241,128

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
100 Ordinary £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors due after one year includes a loan of £251,700 (2024: £207,550) from K S Lewis, a director. Interest is charged at 10% (2024: 10%) on the outstanding balance and there are no fixed repayment terms. During the year interest totalling £25,170 (2024: £20,755) was charged to the company.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of K S Lewis.