ACCOUNTS - Final Accounts preparation

Company registration number: 09745581

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	HB PROPERTY INVESTMENT LIMITED


HB PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION

Directors	H W Bowden
	R Bowden


Registered number	09745581


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


HB PROPERTY INVESTMENT LIMITED REGISTERED NUMBER:09745581

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	3		4,523,400		4,873,400
Current assets
Debtors: amounts falling due within one year	4	1,127,807		1,099
Cash at bank and in hand		24,898		5,717
Creditors: amounts falling due within one year	5	(864,495)		(91,150)
Net current assets/(liabilities)			288,210		(84,334)
Total assets less current liabilities			4,811,610		4,789,066

Net assets			4,811,610		4,789,066

Capital and reserves
Called up share capital	1	1
Profit and loss account	4,811,609	4,789,065
	4,811,610	4,789,066

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HB PROPERTY INVESTMENT LIMITED REGISTERED NUMBER:09745581

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

H W Bowden

Director

Date: 25 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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HB PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

HB Property Investment Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registered address of the company is disclosed on the Company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company's functional and presentational currency is sterling. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover from rental income is recognised on a straight line basis over the term of the relevant lease. Costs are recognised as they are incurred.

2.3

Investment property

Investment property is carried at fair value determined annually by the Directors derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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HB PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

3.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	4,873,400
	Disposals	(350,000)
	At 31 December 2024	4,523,400

The 2024 valuations were made by the Directors, on an open market value for existing use basis.


	At 31 December 2024

Debtors

					2024	2023
					£	£


Other debtors	1,126,667	1
Prepayments and accrued income	1,140	1,098
	1,127,807	1,099

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HB PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	765,114	-
Trade creditors	8,272	6,678
Corporation tax	13,628	7,291
Other creditors	77,481	77,181
	864,495	91,150

The bank loans are secured via a fixed charge over the company's assets.

6.	Related party transactions
	Included in creditors is an amount of £75,000 (2023 - £75,000) due to a director. No interest has been applied to this balance.

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