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REGISTERED NUMBER: 13746685 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Huell Properties Ltd

Huell Properties Ltd (Registered number: 13746685)






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

Chartered Accountants' Report 6

Huell Properties Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: G Allsop





REGISTERED OFFICE: 38 Grange Road
West Kirby
Merseyside
CH48 4EA





REGISTERED NUMBER: 13746685 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

Huell Properties Ltd (Registered number: 13746685)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,055 2,675
Investment property 5 1,270,500 775,000
1,278,555 777,675

CURRENT ASSETS
Debtors 6 1,328 700
Cash at bank 5,410 40,563
6,738 41,263
CREDITORS
Amounts falling due within one year 7 601 600
NET CURRENT ASSETS 6,137 40,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,284,692

818,338

CREDITORS
Amounts falling due after more than one
year

8

(1,265,242

)

(827,246

)

PROVISIONS FOR LIABILITIES (17,524 ) (2,987 )
NET ASSETS/(LIABILITIES) 1,926 (11,895 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 74,708 12,737
Retained earnings 11 (72,882 ) (24,732 )
SHAREHOLDERS' FUNDS 1,926 (11,895 )

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 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 28 July 2025 and were signed by:




G Allsop - Director


Huell Properties Ltd (Registered number: 13746685)

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

1. STATUTORY INFORMATION

Huell Properties 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.

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.
Plant and machinery etc - 15% on reducing balance

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.

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.

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 (2024 - NIL).

Huell Properties Ltd (Registered number: 13746685)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
& equipment
£   
COST
At 1 April 2024 3,147
Additions 6,802
At 31 March 2025 9,949
DEPRECIATION
At 1 April 2024 472
Charge for year 1,422
At 31 March 2025 1,894
NET BOOK VALUE
At 31 March 2025 8,055
At 31 March 2024 2,675

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 775,000
Additions 418,992
Revaluations 76,508
At 31 March 2025 1,270,500
NET BOOK VALUE
At 31 March 2025 1,270,500
At 31 March 2024 775,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 (6,820 )
Valuation in 2024 22,543
Valuation in 2025 76,509
Cost 1,178,268
1,270,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 1,328 700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other creditors 601 600

Huell Properties Ltd (Registered number: 13746685)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed to group undertakings 380,000 172,000
Other creditors 885,242 655,246
1,265,242 827,246

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 837,539 544,565

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Charter Court/Precise - 310,625
The Mortgage Works (TMW) 837,539 233,940
837,539 544,565

The Mortgage Works (TMW)

Negative pledge covering property owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary Shares £1 100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 (24,732 ) 12,737 (11,995 )
Deficit for the year (48,150 ) (48,150 )
Fair value gain/(loss) - 76,508 76,508
Deferred tax adjustment - (14,537 ) (14,537 )
At 31 March 2025 (72,882 ) 74,708 1,826

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other long term creditors is an amount of £47,703 which is owing to the Director Mr G.Allsop. Mr Allsop is not seeking repayment of this in the short to medium term.

13. RELATED PARTY DISCLOSURES

Huell Ltd is an associated company, included in other long term creditors at the balance sheet date is an amount of £380,000 owed by the company to Huell Ltd. The transaction is considered to be under normal market conditions. Huell Ltd is not seeking repayment of the loan in the short to medium term.

14. ULTIMATE CONTROLLING PARTY

The controlling party is G Allsop.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Huell Properties Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Huell Properties Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Huell Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Huell Properties Ltd and state those matters that we have agreed to state to the director of Huell Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Huell Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Huell Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Huell Properties Ltd. You consider that Huell Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Huell Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................