L&P HURLOCK DEVELOPMENTS LIMITED

Company Registration Number:
13504205 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

L&P HURLOCK DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

L&P HURLOCK DEVELOPMENTS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,166,257 1,152,384
Total fixed assets: 1,166,257 1,152,384
Current assets
Debtors:   95 95
Cash at bank and in hand: 0 117
Total current assets: 95 212
Creditors: amounts falling due within one year:   (6,737) (4,813)
Net current assets (liabilities): (6,642) (4,601)
Total assets less current liabilities: 1,159,615 1,147,783
Creditors: amounts falling due after more than one year:   (1,167,722) (1,156,760)
Total net assets (liabilities): (8,107) (8,977)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (8,207) (9,077)
Shareholders funds: (8,107) (8,977)

The notes form part of these financial statements

L&P HURLOCK DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

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

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

Name: Mr L S Hurlock
Status: Director

The notes form part of these financial statements

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

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 recognised at the fair value of the rent received or receivable from the letting of the investment property.

Tangible fixed assets and depreciation policy

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computer equipment 33.33% straight line

Valuation and information policy

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 the profit and loss account.

Other accounting policies

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. 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. Basic financial liabilities Basic financial liabilities 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.

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 1,152,595
Additions 13,984
At 31 July 2024 1,166,579
Depreciation
At 01 August 2023 211
Charge for year 111
At 31 July 2024 322
Net book value
At 31 July 2024 1,166,257
At 31 July 2023 1,152,384

Investment property comprises of a residential building. The fair value of the investment property has been determined by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: At the balance sheet, £1,085,256 (2023 - £1,074,294) was owed to the directors. The unsecured loans are provided free of any interest charge and without any repayment terms.
£
Balance at 01 August 2023 1,074,294
Balance at 31 July 2024 1,085,256
Name of the related party:
Relationship:
Related party company
Description of the Transaction: At the balance sheet, £82,466 (2023 - £82,466) was owed to a related party company. The unsecured loans are provided free of any interest charge and without any repayment terms.
£
Balance at 01 August 2023 82,466
Balance at 31 July 2024 82,466