Company registration number 08881385 (England and Wales)
HBR PROPCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HBR PROPCO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HBR PROPCO LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
208,105
208,105
Current assets
Debtors
4
10,014
801
Cash at bank and in hand
767
788
10,781
1,589
Creditors: amounts falling due within one year
5
(582,080)
(563,855)
Net current liabilities
(571,299)
(562,266)
Net liabilities
(363,194)
(354,161)
Capital and reserves
Called up share capital
180
180
Profit and loss reserves
(363,374)
(354,341)
Total equity
(363,194)
(354,161)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 15 September 2025
Mr S Brock
Director
Company Registration No. 08881385
HBR PROPCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

HBR PropCo Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Unit 1B St. Georges Business Centre, St. Georges Square, Portsmouth, Hampshire, United Kingdom, PO1 3EY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements relate to HBR PropCo Limited as an individual entity.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The director has considered the ability of the company to continue as a going concern. Whilst the company has net liabilities of £363,194 (2023: £354,161) at the balance sheet date, in the opinion of the director the company will be able to operate for the foreseeable future with the continued support of Marco Island Developments Ltd, a company under common control. The director therefore considers that it is appropriate to prepare the accounts on a going concern basis.

1.3
Turnover

Turnover comprises the sale of properties in the ordinary course of business and rents received or receivable on investment properties.

Other operating income comprises rents received or receivable on properties held for sale.

1.4
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

HBR PROPCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
208,105

There has been no valuation of the investment property by an independent valuer. The director considers that the market value of the property is not materially different to that of the cost.

HBR PROPCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
-
0
349
Prepayments and accrued income
180
452
180
801
2024
2023
Amounts falling due after more than one year:
£
£
Prepayments and accrued income
9,834
-
0
Total debtors
10,014
801
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
991
Amounts owed to connected companies
555,453
537,390
Accruals and deferred income
26,627
25,474
582,080
563,855
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