Company Registration No. 12368931 (England and Wales)
Hankin Property Investments Limited
Unaudited accounts
for the year ended 31 December 2024
Hankin Property Investments Limited
Unaudited accounts
Contents
Hankin Property Investments Limited
Company Information
for the year ended 31 December 2024
Director
James Edward Hankin
Company Number
12368931 (England and Wales)
Registered Office
62 London Road
Cosham
Portsmouth
PO6 3ET
England
Accountants
Andrew D L Smith
64 Saxon Way
Ashby de la Zouch
Leicestershire
LE65 2JR
Hankin Property Investments Limited
Statement of financial position
as at 31 December 2024
Investment property
482,859
482,859
Cash at bank and in hand
771
3,028
Creditors: amounts falling due within one year
(975)
(1,050)
Net current (liabilities)/assets
(204)
1,978
Total assets less current liabilities
482,655
484,837
Creditors: amounts falling due after more than one year
(455,145)
(458,215)
Provisions for liabilities
Deferred tax
(16,695)
(16,695)
Called up share capital
1
1
Revaluation reserve
68,244
68,244
Profit and loss account
(57,430)
(58,318)
Shareholders' funds
10,815
9,927
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2025 and were signed on its behalf by
James Edward Hankin
Director
Company Registration No. 12368931
Hankin Property Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
Hankin Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12368931. The registered office is 62 London Road, Cosham, Portsmouth, PO6 3ET, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 January 2024
482,859
At 31 December 2024
482,859
5
Creditors: amounts falling due within one year
2024
2023
Hankin Property Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
271,600
271,600
Loans from directors
183,545
186,615
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).