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REGISTERED NUMBER: 08658221 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HENRY PROPERTY LTD

HENRY PROPERTY LTD (REGISTERED NUMBER: 08658221)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HENRY PROPERTY LTD

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTOR: E Vallesi



REGISTERED OFFICE: Unit J Hitchcock House
5-6 Horton Road
Slough
Middlesex
SL3 0DF



REGISTERED NUMBER: 08658221 (England and Wales)



AUDITORS: Caldwell Penn Limited, Statutory Auditor
7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT



ACCOUNTANTS: GTP Accounting & Business Services
Office 8, No.11 Riverside
Riverside Park
Farnham
Surrey
GU9 7UG

HENRY PROPERTY LTD (REGISTERED NUMBER: 08658221)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 679,428 682,581

CURRENT ASSETS
Debtors 5 2,424 2,853
Cash at bank 185,786 179,308
188,210 182,161
CREDITORS
Amounts falling due within one year 6 712,729 721,222
NET CURRENT LIABILITIES (524,519 ) (539,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,909

143,520

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 154,808 143,419
SHAREHOLDERS' FUNDS 154,909 143,520

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





E Vallesi - Director


HENRY PROPERTY LTD (REGISTERED NUMBER: 08658221)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Henry 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue recognised by the company in respect of rents receivable during the year, adjusted for any deferred income.

Investment properties
Investment property is carried at fair value and determined annually from current market conditions for comparable properties, adjusted if necessary for any difference in location of condition of the asset. Changes in the fair value are recognised in the profit and loss account.

No depreciation is provided in respect of investment properties.

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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax are recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

HENRY PROPERTY LTD (REGISTERED NUMBER: 08658221)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 682,581
Revaluations (3,153 )
At 31 August 2024 679,428
NET BOOK VALUE
At 31 August 2024 679,428
At 31 August 2023 682,581

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 679,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,654 1,168
Prepayments and accrued income 770 1,685
2,424 2,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 850 -
Amounts owed to group undertakings 624,333 623,046
Corporation Tax liability 4,514 25,163
Directors' loan accounts 74,160 70,185
Accruals and deferred income 8,872 2,828
712,729 721,222

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A 1 100 100
1 Ordinary B 1 1 1
101 101

HENRY PROPERTY LTD (REGISTERED NUMBER: 08658221)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


After the year end, it became apparent that the group had breached the small group limits and as such the company is now required to have its financial statements audited. As this is the first year that the financial statements have been audited, the comparative figures, for the year ended 31 August 2023, are unaudited.

However, as part of the audit for the year ended 31 August 2024, we have been able to obtain sufficient appropriate audit evidence that the opening balances did not contain misstatements which would materially affect the current period's financial statements and therefore our opinion is unqualified.

Katharine E Halsall (Senior Statutory Auditor)
for and on behalf of Caldwell Penn Limited, Statutory Auditor

9. RELATED PARTY TRANSACTIONS

At the Balance Sheet date the company owed £74,160 (2023: £70,185) to the director.

At the Balance Sheet date, the company owed £624,333 (2023: £623,046) to a related party; The Italian Food Brokerage Agency Ltd which is shown in Amounts owed to group undertakings.

10. RESERVES

Profit and loss account - includes all current and prior period retained profits and losses.