Haydul Property Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01056371 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Haydul Property Company Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D C D Adam

Mr I W N Adam

SECRETARY:

Mr I W N Adam

REGISTERED OFFICE:

Delmon House

36-38 Church Road

Burgess Hill

West Sussex

RH15 9AE

REGISTERED NUMBER:

01056371 (England and Wales)

ACCOUNTANTS:

Sigma Partners

Chartered Certified Accountants

Delmon House

36-38 Church Road

Burgess Hill

West Sussex

RH15 9AE

BANKERS:

Lloyds TSB

91 South Road

Haywards Heath

West Sussex

SOLICITORS:

Colemans

Paddockhall Chambers

Paddockhall Road

Haywards Heath

West Sussex

FIXED ASSETS

Tangible assets

4

1,329,013

1,329,017

CURRENT ASSETS

Cash at bank

208,294

166,039

CREDITORS

Amounts falling due within one year

5

30,823

27,822

NET CURRENT ASSETS

177,471

138,217

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,506,484

1,467,234

PROVISIONS FOR LIABILITIES

184,753

184,754

NET ASSETS

1,321,731

1,282,480

CAPITAL AND RESERVES

Called up share capital

9,000

Other reserves

1,073,241

Retained earnings

239,490

200,239

SHAREHOLDERS' FUNDS

1,321,731

1,282,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:

Mr D C D Adam - Director

1.	STATUTORY INFORMATION

Haydul Property Company Ltd 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.

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 represents net rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Freehold property is held for investment. The property is shown at fair value with gains or losses through the profit & loss account.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

1,329,000

3,985

1,332,985

DEPRECIATION

At 1 January 2024

-

3,968

Charge for year

-

4

At 31 December 2024

-

3,972

NET BOOK VALUE

At 31 December 2024

1,329,000

13

1,329,013

At 31 December 2023

1,329,000

17

1,329,017

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

Valuation in 1993

45,241

-

45,241

Valuation in 2015

489,040

-

489,040

Valuation in 2017

23,360

-

23,360

Valuation in 2018

54,850

-

54,850

Valuation in 2019

54,900

-

54,900

Valuation in 2020

189,850

-

189,850

Valuation in 2021

189,000

-

189,000

Valuation in 2022

27,000

-

27,000

Cost

255,759

3,985

259,744

1,329,000

3,985

1,332,985

If Freehold Property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

255,759

Freehold property was valued on an open market basis on 31 December 2024 by the director .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Taxation and social security

9,208

9,397

Other creditors

21,615

18,425

30,823

27,822

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D C D Adam.