1 January 2024 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP147906332024-01-012024-12-31147906332024-12-31147906332023-12-3114790633core:WithinOneYear2024-12-3114790633core:WithinOneYear2023-12-3114790633core:AfterOneYear2024-12-3114790633core:AfterOneYear2023-12-3114790633core:RetainedEarningsAccumulatedLosses2024-12-3114790633core:RetainedEarningsAccumulatedLosses2023-12-3114790633bus:Director12024-01-012024-12-3114790633bus:RegisteredOffice2024-01-012024-12-3114790633core:LandBuildings2024-01-01147906332024-01-0114790633core:LandBuildings2024-01-012024-12-3114790633core:PlantMachinery2024-01-012024-12-3114790633core:LandBuildings2024-12-3114790633core:PlantMachinery2024-12-3114790633core:LandBuildings2023-12-311479063312024-01-012024-12-31147906332023-01-012023-12-3114790633countries:EnglandWales2024-01-012024-12-3114790633bus:AuditExemptWithAccountantsReport2024-01-012024-12-3114790633bus:PrivateLimitedCompanyLtd2024-01-012024-12-3114790633bus:SmallEntities2024-01-012024-12-3114790633bus:FullAccounts2024-01-012024-12-3114790633bus:Director22024-01-012024-12-31
Company registration number:
14790633
Housey Property Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Housey Property Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Housey Property Ltd
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Housey Property Ltd
for the year ended
31 December 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/​.
This report is made solely to the Board of Directors of
Housey Property Ltd
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Housey Property Ltd
and state those matters that I have agreed to state to the Board of Directors of
Housey Property Ltd
, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/​. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Housey Property Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Housey Property Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Housey Property Ltd
. You consider that
Housey Property Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Housey Property Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Mrs Amanda Murray
Chartered Management Accountant
Warrington Road
Kerves Lane
Horsham
West Sussex
CR0 4HB
United Kingdom
Date:
3 September 2025
Housey Property Ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,363,178
 
774,623
 
Current assets    
Cash at bank and in hand
3,460
 
895
 
Creditors: amounts falling due within one year 6
(1,136,704
 )
(527,113
 )
Net current liabilities
(1,133,244
 )
(526,218
 )
Total assets less current liabilities 229,934   248,405  
Creditors: amounts falling due after more than one year 7
(254,491
 )
(254,491
 )
Net liabilities
(24,557
 )
(6,086
 )
Capital and reserves    
Profit and loss account
(24,557
 )
(6,086
 )
Shareholders deficit
(24,557
 )
(6,086
 )
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
3 September 2025
, and are signed on behalf of the board by:
Mr Christopher Murray
Director
Company registration number:
14790633
Housey Property Ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Penshurst House
,
Kerves Lane
,
Horsham
, ,
RH13 6ES
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2024
774,623
  -  
774,623
 
Additions
564,772
 
23,783
 
588,555
 
At
31 December 2024
1,339,395
 
23,783
 
1,363,178
 
Depreciation      
At
1 January 2024
and
31 December 2024
 -   -   -  
Carrying amount      
At
31 December 2024
1,339,395
 
23,783
 
1,363,178
 
At 31 December 2023
774,623
  -  
774,623
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying amount at
1 January 2024
774,623.00
 
Additions
564,772
 
Carrying amount at
31 December 2024
1,339,395
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors -  
13,200
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
929,704
 
501,913
 
Other creditors
207,000
 
12,000
 
1,136,704
 
527,113
 

7 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
254,491
 
254,491