Company registration number 03317104 (England and Wales)
HAMILTON HEATH PROPERTY COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HAMILTON HEATH PROPERTY COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HAMILTON HEATH PROPERTY COMPANY LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
140,000
275,000
Current assets
Debtors
5
10,976
11,269
Cash at bank and in hand
47,996
111,175
58,972
122,444
Creditors: amounts falling due within one year
6
(97,828)
(154,117)
Net current liabilities
(38,856)
(31,673)
Total assets less current liabilities
101,144
243,327
Creditors: amounts falling due after more than one year
7
(56,753)
(173,281)
Provisions for liabilities
-
0
(27,625)
Net assets
44,391
42,421
Capital and reserves
Called up share capital
8
4
4
Other reserves
30,000
30,000
Profit and loss reserves
14,387
12,417
Total equity
44,391
42,421
HAMILTON HEATH PROPERTY COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 13 August 2025 and are signed on its behalf by:
A Chaytow
Director
Company registration number 03317104 (England and Wales)
HAMILTON HEATH PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Hamilton Heath Property Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lester House, 19-21 Broad Street, Bury, Lancashire, BL9 0DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Property rental income is recognised evenly over the period of the lease, with the value of any incentives provided recognised over the minimum period of the lease.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HAMILTON HEATH PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
HAMILTON HEATH PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
3
Dividends
2024
2023
£
£
Interim paid
20,000
118,164
4
Investment property
2024
£
Fair value
At 1 December 2023
275,000
Disposals
(135,000)
At 30 November 2024
140,000

The property values are determined by the directors to reflect open market values at the balance sheet date. The directors do not have formal qualifications in property valuations but are involved in letting of residential property in the area of the company's activities. The directors have placed considerable reliance on the actual and expected rental yields from these properties in arriving at these values.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
8,822
11,269
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset
2,154
-
0
Total debtors
10,976
11,269
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
2,746
Corporation tax
-
0
42,400
Other creditors
95,290
106,433
Accruals and deferred income
2,538
2,538
97,828
151,579
HAMILTON HEATH PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
56,753
173,281
The bank loans of £56,753 (2023: £173,281) are secured by fixed and floating charges over the company's assets
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4
4
4
4
9
Related party transactions

At the period end an amount was owed to the directors of £14,751 (2023: £25,894)

 

10
Directors' transactions
Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Director
-
-
877
877
-
877
877
2024-11-302023-12-01falsefalsefalse13 August 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityM ClynesA ChaytowA Chaytow033171042023-12-012024-11-30033171042024-11-30033171042023-11-3003317104core:ShareCapital2024-11-3003317104core:ShareCapital2023-11-3003317104core:OtherMiscellaneousReserve2024-11-3003317104core:OtherMiscellaneousReserve2023-11-3003317104core:RetainedEarningsAccumulatedLosses2024-11-3003317104core:RetainedEarningsAccumulatedLosses2023-11-3003317104core:ShareCapitalOrdinaryShareClass12024-11-3003317104core:ShareCapitalOrdinaryShareClass12023-11-3003317104bus:CompanySecretaryDirector12023-12-012024-11-30033171042022-12-012023-11-30033171042023-11-3003317104core:WithinOneYear2024-11-3003317104core:WithinOneYear2023-11-3003317104core:AfterOneYear2024-11-3003317104core:AfterOneYear2023-11-3003317104core:CurrentFinancialInstruments2024-11-3003317104core:CurrentFinancialInstruments2023-11-3003317104core:Non-currentFinancialInstruments2024-11-3003317104core:Non-currentFinancialInstruments2023-11-3003317104bus:OrdinaryShareClass12023-12-012024-11-3003317104bus:OrdinaryShareClass12024-11-3003317104bus:OrdinaryShareClass12023-11-3003317104bus:PrivateLimitedCompanyLtd2023-12-012024-11-3003317104bus:SmallCompaniesRegimeForAccounts2023-12-012024-11-3003317104bus:FRS1022023-12-012024-11-3003317104bus:AuditExemptWithAccountantsReport2023-12-012024-11-3003317104bus:Director12023-12-012024-11-3003317104bus:Director22023-12-012024-11-3003317104bus:CompanySecretary12023-12-012024-11-3003317104bus:FullAccounts2023-12-012024-11-30xbrli:purexbrli:sharesiso4217:GBP