Registered number
14666654
Hyslop Property Lets Ltd
Unaudited Filleted Accounts
28 February 2025

Hyslop Property Lets Ltd
Registered number: | 14666654
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Investments | 3 |  |  | 280,000 |  |  | 290,000
Current assets
Debtors | 4 |  | - |  |  | 1,638
Cash at bank and in hand |  |  | 8,157 |  |  | 4,788
|  |  | 8,157 |  |  | 6,426
Creditors: amounts falling due within one year | 6 |  | (2,406) |  |  | (6,077)
Net current assets |  |  |  | 5,751 |  |  | 349
Total assets less current liabilities |  |  |  | 285,751 |  |  | 290,349
Creditors: amounts falling due after more than one year | 7 |  |  | (281,538) |  |  | (280,087)
Provisions for liabilities |  |  |  | (800) |  |  | -
Net assets |  |  |  | 3,413 |  |  | 10,262
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 3,313 |  |  | 10,162
Shareholders' funds |  |  |  | 3,413 |  |  | 10,262
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Hyslop
Director
Approved by the board on 6 November 2025

Hyslop Property Lets Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
| Turnover
| The company has no turnover as its income is derived from rental income receivable during the year.
| Investment properties
| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
| Debtors and creditors receivable/payable within one year
| Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Investments
Other
investments
£
| Cost
| At 1 March 2024 | 290,000
| Revaluation | (10,000)
| At 28 February 2025 | 280,000
| Investment properties are carried at fair value with gains/losses recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Investment properties' fair value could be measured reliably without undue cost or effort. At the year end the Director, Mr S Hyslop, has assessed the fair value of properties and this is reflected in the cumulative carring amount.
4 | Debtors | 2025 |  | 2024
£ | £
| Deferred tax asset |  |  |  |  | - |  | 1,638
5 | Investments held as current assets | 2025 |  | 2024
£ | £
| Fair value
| Increase/(decrease) in fair value included in the profit and loss account for the financial year
| Unlisted investments | (10,000) |  | 22,276
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 120 |  | 112
| Other creditors | 2,286 |  | 5,965
|  |  |  |  |  | 2,406 |  | 6,077
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 206,050 |  | 206,050
| Other creditors | 75,488 |  | 74,037
|  |  |  |  |  | 281,538 |  | 280,087
8 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Instalments falling due for payment after more than five years | 274,459 |  | 271,297
| Secured bank loans | 206,050 |  | 206,050
| The above loan is secured via fixed charges over the company's investment property.
9 | Related party transactions
| In the year, Hyslop Property Lets Ltd received a loan from Hyslop Financial Services Limited which is a close company held by the directors. HMRC's official rate of interest is charged.
|  |  |  | Amount loaned
B/fwd |  | Repaid | C/fwd
£ | £ | £ | £
| Loan | 76,851 |  | 1,747 |  | (824) |  | 77,774
|  | 76,851 |  | 1,747 |  | (824) |  | 77,774
10 | Other information
| Hyslop Property Lets Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 5 Sellick Hill
| Exeter
| Devon
| EX1 4AJ

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