Hine Residential Lettings Ltd 15174454 false 2023-09-29 2024-09-30 2024-09-30 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 15174454 2023-09-29 2024-09-30 15174454 2024-09-30 15174454 core:RetainedEarningsAccumulatedLosses 2024-09-30 15174454 core:ShareCapital 2024-09-30 15174454 core:CurrentFinancialInstruments 2024-09-30 15174454 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 15174454 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 15174454 bus:SmallEntities 2023-09-29 2024-09-30 15174454 bus:AuditExemptWithAccountantsReport 2023-09-29 2024-09-30 15174454 bus:FilletedAccounts 2023-09-29 2024-09-30 15174454 bus:SmallCompaniesRegimeForAccounts 2023-09-29 2024-09-30 15174454 bus:RegisteredOffice 2023-09-29 2024-09-30 15174454 bus:Director1 2023-09-29 2024-09-30 15174454 bus:PrivateLimitedCompanyLtd 2023-09-29 2024-09-30 15174454 countries:EnglandWales 2023-09-29 2024-09-30 iso4217:GBP xbrli:pure

Registration number: 15174454

Hine Residential Lettings Ltd

Unaudited Financial Statements

for the Period from 29 September 2023 to 30 September 2024

 

Hine Residential Lettings Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Hine Residential Lettings Ltd

(Registration number: 15174454)
Balance Sheet as at 30 September 2024

Note

2024
£

Fixed assets

 

Investment property

4

498,305

Current assets

 

Debtors

5

3,155

Cash at bank and in hand

 

5,291

 

8,446

Creditors: Amounts falling due within one year

6

(161,078)

Net current liabilities

 

(152,632)

Total assets less current liabilities

 

345,673

Creditors: Amounts falling due after more than one year

6

(354,119)

Net liabilities

 

(8,446)

Capital and reserves

 

Called up share capital

1

Retained earnings

(8,447)

Shareholders' deficit

 

(8,446)

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 August 2025
 

.........................................
Mr T Hine
Director

 

Hine Residential Lettings Ltd

Notes to the Unaudited Financial Statements for the Period from 29 September 2023 to 30 September 2024

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:
Unit 1 - 3
Carr Wood Farm
Carr Bank
Oakmoor
ST10 3DG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received and receivable in respect of rental income.

Tax

The tax expense for the period comprises current and deferred tax.

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 in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the expert opinion of the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Hine Residential Lettings Ltd

Notes to the Unaudited Financial Statements for the Period from 29 September 2023 to 30 September 2024

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 (including the director) during the period, was 1.

4

Investment properties

2024
£

Additions

498,305

At 30 September

498,305

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

Prepayments

237

Other debtors

2,918

 

3,155

 

Hine Residential Lettings Ltd

Notes to the Unaudited Financial Statements for the Period from 29 September 2023 to 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

44,152

Accruals and deferred income

 

1,200

Other creditors

 

115,726

 

161,078

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

354,119

Included in loans and borrowings are mortgages which are secured against the assets to which they relate.