REGISTERED NUMBER: 04915564 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

H J C Property Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Moffatt

REGISTERED OFFICE:

117 -119 Cleethorpe Road

Grimsby

North East Lincs

DN31 3ET

REGISTERED NUMBER:

04915564 (England and Wales)

FIXED ASSETS

Intangible assets

4

75,000

90,000

Tangible assets

5

48,588

65,276

Investment property

6

1,021,000

814,184

1,144,588

969,460

CURRENT ASSETS

Stocks

15,750

15,750

Debtors

7

138,798

341,754

Cash at bank

-

71,560

154,548

429,064

CREDITORS

Amounts falling due within one year

8

293,551

299,475

NET CURRENT (LIABILITIES)/ASSETS

(139,003

)

129,589

TOTAL ASSETS LESS CURRENT LIABILITIES

1,005,585

1,099,049

CREDITORS

Amounts falling due after more than one year

9

(659,800

)

(588,971

)

PROVISIONS FOR LIABILITIES

(51,303

)

(16,319

)

NET ASSETS

294,482

493,759

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

11

-

434,466

Retained earnings

11

294,382

59,193

294,482

493,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:

J Moffatt - Director

1.	STATUTORY INFORMATION

H J C Property Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of eleven years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

225,000

AMORTISATION

At 1 October 2023

135,000

Charge for year

15,000

At 30 September 2024

150,000

NET BOOK VALUE

At 30 September 2024

75,000

At 30 September 2023

90,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

and 30 September 2024

72,037

DEPRECIATION

At 1 October 2023

6,761

Charge for year

16,688

At 30 September 2024

23,449

NET BOOK VALUE

At 30 September 2024

48,588

At 30 September 2023

65,276

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2023

and 30 September 2024

65,926

DEPRECIATION

At 1 October 2023

1,373

Charge for year

16,139

At 30 September 2024

17,512

NET BOOK VALUE

At 30 September 2024

48,414

At 30 September 2023

64,553

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

814,184

Additions

50,194

Revaluations

156,622

At 30 September 2024

1,021,000

NET BOOK VALUE

At 30 September 2024

1,021,000

At 30 September 2023

814,184

Fair value at 30 September 2024 is represented by:

£

Valuation in 2024

156,622

Cost

864,378

1,021,000

The investment properties were revalued on 30 September 2024 by VAS Valuation Group.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

31,660

22,152

Other debtors

107,138

319,602

138,798

341,754

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

29,275

26,200

Hire purchase contracts

18,456

18,456

Trade creditors

159,958

147,209

Taxation and social security

83,742

104,965

Other creditors

2,120

2,645

293,551

299,475

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

628,686

542,501

Hire purchase contracts

31,114

46,470

659,800

588,971

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

654,886

568,701

Hire purchase contracts

49,570

64,926

704,456

633,627

The bank loans are secured on the investment properties.

Assets on hire purchase are secured against the asset that the finance is on.

11.

RESERVES

During the year the director passed a special resolution to transfer the share premium balance to distributable reserves.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

30.9.24

30.9.23

£

£

Balance outstanding at start of year

277,651

148,837

Amounts advanced

172,795

166,381

Amounts repaid

(376,889)

(37,567)

Balance outstanding at end of year

73,557

277,561

Interest of £4,223 (2023: £4,630) has been charged on the directors' loan account and this is included in the figures above.