REGISTERED NUMBER: 09906236 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 December 2024

for

HR Real Estate Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Khanna

H Jolapara

REGISTERED OFFICE:

3 Somerset Gardens

Wembley

HA0 3BP

REGISTERED NUMBER:

09906236 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

Fixed assets

Tangible assets

3

11,464

13,653

Investment property

4

2,706,000

2,706,000

2,717,464

2,719,653

Current assets

Debtors

5

375,623

337,119

Cash at bank

1,584

9,978

377,207

347,097

Creditors

Amounts falling due within one year

6

(278,804

)

(271,111

)

Net current assets

98,403

75,986

Total assets less current liabilities

2,815,867

2,795,639

Creditors

Amounts falling due after more than one year

7

(2,481,570

)

(2,489,660

)

Provisions for liabilities

(65,337

)

(65,337

)

Net assets

268,960

240,642

Capital and reserves

Called up share capital

1

1

Fair value reserve

9

278,540

278,540

Retained earnings

9

(9,581

)

(37,899

)

Shareholders' funds

268,960

240,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 30 September 2025 and were signed on its behalf by:

H Jolapara - Director

1.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 31 December 2023

647

2,313

24,949

27,909

Additions

-

-

1,495

1,495

At 30 December 2024

647

2,313

26,444

29,404

DEPRECIATION

At 31 December 2023

130

2,004

12,122

14,256

Charge for year

26

77

3,581

3,684

At 30 December 2024

156

2,081

15,703

17,940

NET BOOK VALUE

At 30 December 2024

491

232

10,741

11,464

At 30 December 2023

517

309

12,827

13,653

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 December 2023

and 30 December 2024

2,706,000

NET BOOK VALUE

At 30 December 2024

2,706,000

At 30 December 2023

2,706,000

Fair value at 30 December 2024 is represented by:

£

Valuation in 2019

43,444

Valuation in 2020

7,310

Valuation in 2021

113,000

Valuation in 2022

160,123

Valuation in 2023

20,000

Valuation in 2024

2,362,123

2,706,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by associates

182,129

192,940

Directors' current accounts

193,494

144,179

375,623

337,119

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,010

9,870

Amounts owed to associates

225,801

253,998

Other creditors

41,313

4,249

Accrued expenses

1,680

2,994

278,804

271,111

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bounce Back loan - more than 1

20,076

25,775

Other loans - 2-5 years

2,461,494

2,463,885

2,481,570

2,489,660

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

30,086

35,645

30,087

-

60,173

35,645

9.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 December 2024 and 30 December 2023:

2024

2023

£

£

R Khanna

Balance outstanding at start of year

93,262

88,228

Amounts advanced

6,804

5,034

Amounts repaid

(3,865

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

96,201

93,262

H Jolapara

Balance outstanding at start of year

50,917

(13,364

)

Amounts advanced

50,241

64,281

Amounts repaid

(3,865

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

97,293

50,917

11.	RELATED PARTY DISCLOSURES

At the year end the Ltd company owed Dipex Lettings and Management Limited £166,572 (2023: £166,572) and RH Real Estate Limited £59,229 (2023: £87,426). Annika Properties Limited owed the company £182,129 (2023: £192,940).