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Registered number: 14512585
Hatton Property Services Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14512585
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,396 -
Investment Properties 5 1,171,844 443,235
1,173,240 443,235
CURRENT ASSETS
Cash at bank and in hand 7,207 4,209
7,207 4,209
Creditors: Amounts Falling Due Within One Year 6 (45,425 ) (8,409 )
NET CURRENT ASSETS (LIABILITIES) (38,218 ) (4,200 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,135,022 439,035
Creditors: Amounts Falling Due After More Than One Year 7 (1,155,456 ) (442,574 )
NET LIABILITIES (20,434 ) (3,539 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (20,534 ) (3,639 )
SHAREHOLDERS' FUNDS (20,434) (3,539)
For the year ending 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Jeyakumar
Director
26/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hatton Property Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14512585 . The registered office is 130 Longwood Gardens, Ilford, Essex, IG5 0BD.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Going Concern Disclosure
The balance sheet at the end of year recorded net liabilities. However, the directors believe that sufficient finance is available to the company to enable it to continue trading for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover represents rental income received during the year.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
2.5. Investment Properties
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2023 -
Additions 1,861
As at 30 November 2024 1,861
Depreciation
As at 1 December 2023 -
Provided during the period 465
As at 30 November 2024 465
Net Book Value
As at 30 November 2024 1,396
As at 1 December 2023 -
Page 2
Page 3
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 443,235
Additions 728,609
As at 30 November 2024 1,171,844
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,171,844 443,235
The investment properties were valued at fair value by the directors based on their knowledge of the comparable local properties.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 5,500 -
Other creditors 39,925 8,409
45,425 8,409
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 801,536 282,574
Other creditors 353,920 160,000
1,155,456 442,574
8. Secured Creditors
Of the creditors the following amounts are secured on the investment properties owned by the company.
2024 2023
£ £
Bank loans and overdrafts 801,536 282,574
Page 3