HLR Properties Limited 13195000 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is letting of investment property. Digita Accounts Production Advanced 6.30.9574.0 true 13195000 2024-04-01 2025-03-31 13195000 2025-03-31 13195000 core:OtherReservesSubtotal 2025-03-31 13195000 core:RetainedEarningsAccumulatedLosses 2025-03-31 13195000 core:ShareCapital 2025-03-31 13195000 core:SharePremium 2025-03-31 13195000 core:CurrentFinancialInstruments 2025-03-31 13195000 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13195000 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13195000 core:FurnitureFittingsToolsEquipment 2025-03-31 13195000 bus:SmallEntities 2024-04-01 2025-03-31 13195000 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13195000 bus:FullAccounts 2024-04-01 2025-03-31 13195000 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13195000 bus:RegisteredOffice 2024-04-01 2025-03-31 13195000 bus:Director1 2024-04-01 2025-03-31 13195000 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13195000 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 13195000 core:PlantMachinery 2024-04-01 2025-03-31 13195000 countries:EnglandWales 2024-04-01 2025-03-31 13195000 2024-03-31 13195000 core:FurnitureFittingsToolsEquipment 2024-03-31 13195000 2023-04-01 2024-03-31 13195000 2024-03-31 13195000 core:OtherReservesSubtotal 2024-03-31 13195000 core:RetainedEarningsAccumulatedLosses 2024-03-31 13195000 core:ShareCapital 2024-03-31 13195000 core:SharePremium 2024-03-31 13195000 core:CurrentFinancialInstruments 2024-03-31 13195000 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13195000 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 13195000 core:FurnitureFittingsToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13195000

HLR Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

HLR Properties Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

HLR Properties Limited

(Registration number: 13195000)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,465

2,416

Investment property

5

3,270,693

3,261,115

 

3,272,158

3,263,531

Current assets

 

Debtors

6

2,212

1,763

Cash at bank and in hand

 

32,262

42,736

 

34,474

44,499

Creditors: Amounts falling due within one year

7

(47,057)

(204,874)

Net current liabilities

 

(12,583)

(160,375)

Total assets less current liabilities

 

3,259,575

3,103,156

Creditors: Amounts falling due after more than one year

7

(2,202,379)

(2,067,162)

Provisions for liabilities

(71,095)

(68,804)

Net assets

 

986,101

967,190

Capital and reserves

 

Called up share capital

8

103

103

Share premium reserve

778,986

778,986

Other reserves

214,088

206,905

Profit and loss account

(7,076)

(18,804)

Shareholders' funds

 

986,101

967,190

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 



 

Mr H C M Rogers
Director

 

HLR Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18a Hampden Road
High Wycombe
Bucks
HP13 6SX

2

Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax policies

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% straight line

 

HLR Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

 

HLR Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Plant and equipment
 £

Total
£

Cost

At 1 April 2024

3,803

3,803

At 31 March 2025

3,803

3,803

Depreciation

At 1 April 2024

1,387

1,387

Charge for the year

951

951

At 31 March 2025

2,338

2,338

Net book value

At 31 March 2025

1,465

1,465

At 31 March 2024

2,416

2,416

5

Investment property

2025
£

2024
£

At 1 April

3,261,115

3,265,000

Fair value adjustments

9,578

(3,885)

At 31 March

3,270,693

3,261,115

The properties were valued by the directors at their market value using current market data for similar properties in the same areas.

6

Debtors

2025
£

2024
£

Prepayments

2,212

1,763

2,212

1,763

 

HLR Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Trade creditors

1,589

108

Taxation and social security

2,144

-

Other creditors

6,372

11,683

Other loans

21,488

178,940

Accruals

15,464

14,143

47,057

204,874

Creditors: amounts falling due after more than one year

2025
£

2024
£

Bank loans

2,202,379

2,067,162

2,202,379

2,067,162

Creditors include bank loans which are secured against the properties they relate to or by a negative pledge against the company's assets in the sum of £2,202,379 (2024 - £2,067,162). All bank loans are repayable after more than five years, other than by instalments.

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary of £1 each

2

2.00

2

2.00

Ordinary A of £0.01 each

6,910

69.10

6,910

69.10

Ordinary B of £0.01 each

3,090

30.90

3,090

30.90

Ordinary C of £0.01 each

10

.10

10

.10

Ordinary D of £0.01 each

10

.10

10

.10

Ordinary E of £0.01 each

10

.10

10

.10

Ordinary F of £0.01 each

10

.10

10

.10

Ordinary G of £0.01 each

10

.10

10

.10

 

10,052

102.50

10,052

102.50

9

Related party transactions

Directors’ loan

The directors provided the company with a loan on which interest was charged.