HAMES PROPERTIES LIMITED

Company Registration Number:
13399771 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

HAMES PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Additional notes
Balance sheet notes

HAMES PROPERTIES LIMITED

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 456,247 300,000
Total fixed assets: 456,247 300,000
Current assets
Debtors: 4 763
Cash at bank and in hand: 16,790 43,442
Total current assets: 17,553 43,442
Prepayments and accrued income: 490
Creditors: amounts falling due within one year: 5 ( 88,642 ) ( 129,837 )
Net current assets (liabilities): (70,599) (86,395)
Total assets less current liabilities: 385,648 213,605
Creditors: amounts falling due after more than one year: 6 ( 333,518 ) ( 157,500 )
Provision for liabilities: ( 10,535 ) ( 10,535 )
Total net assets (liabilities): 41,595 45,570
Capital and reserves
Called up share capital: 100 100
Other reserves: 44,914 44,914
Profit and loss account: (3,419 ) 556
Total Shareholders' funds: 41,595 45,570

The notes form part of these financial statements

HAMES PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 July 2025
and signed on behalf of the board by:

Name: Marie Hames
Status: Director

The notes form part of these financial statements

HAMES PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

HAMES PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

HAMES PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Fixed assets investments note

Investment Property The opening fair value of investment property was £300,000 (2023: £237,856). Additions in the year were £156,247 (2023: £6,695) plus revaluations of £Nil (2023: £55,449), giving a closing balance as at 31 October of £456,247 (2023: £300,000). In the opinion of the Directors, the market value of the investment properties is not significantly different to the amount at which they are stated in the accounts. If investment property had been accounted for under historical cost accounting rules, the cost amount would be £400,798 (2023: £244,551).

HAMES PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Other debtors 763
Total 763

HAMES PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 130
Other creditors 88,642 129,707
Total 88,642 129,837

HAMES PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 333,518 157,500
Total 333,518 157,500