REGISTERED NUMBER: 00323534 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

PROPERTIES (HASTINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

6

DIRECTORS:

G M Williams

H M Williams

L M Williams

D Williams

REGISTERED OFFICE:

6 Branksome Court

16 Branksome Road

St Leonards on Sea

East Sussex

TN38 0UB

REGISTERED NUMBER:

00323534 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

1,413

3,456

Investment property

5

5,367,549

5,367,549

5,368,962

5,371,005

CURRENT ASSETS

Debtors

6

261,160

252,168

Cash at bank

241,785

259,991

502,945

512,159

CREDITORS

Amounts falling due within one year

7

36,871

37,162

NET CURRENT ASSETS

466,074

474,997

TOTAL ASSETS LESS CURRENT LIABILITIES

5,835,036

5,846,002

PROVISIONS FOR LIABILITIES

464,163

464,086

NET ASSETS

5,370,873

5,381,916

CAPITAL AND RESERVES

Called up share capital

1,015

500

Retained earnings

8

5,369,858

5,381,416

SHAREHOLDERS' FUNDS

5,370,873

5,381,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 7 November 2025 and were signed on its behalf by:

G M Williams - Director

1.	STATUTORY INFORMATION

Properties (Hastings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

The directors have made an assessment and do not consider there to be any material uncertainties about the company's ability to continue as a going concern. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents rental income receivable and is invoiced on an accrued basis.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 6 April 2024

3,960

19,268

3,149

26,377

Disposals

-

(18,820

)

(2,899

)

(21,719

)

At 5 April 2025

3,960

448

250

4,658

DEPRECIATION

At 6 April 2024

2,203

17,569

3,149

22,921

Charge for year

487

56

-

543

Eliminated on disposal

-

(17,320

)

(2,899

)

(20,219

)

At 5 April 2025

2,690

305

250

3,245

NET BOOK VALUE

At 5 April 2025

1,270

143

-

1,413

At 5 April 2024

1,757

1,699

-

3,456

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

5,367,549

NET BOOK VALUE

At 5 April 2025

5,367,549

At 5 April 2024

5,367,549

Fair value at 5 April 2025 is represented by:

£

Valuation in 2004

565,518

Valuation in 2012

61,480

Valuation in 2019

2,005,939

Valuation in 2023

1,153,092

Cost

1,581,520

5,367,549

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Other debtors

9,497

8,982

Loans

184,948

178,955

Tax on loans to participators

61,523

59,225

Prepayments

5,192

5,006

261,160

252,168

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Tax

13,041

12,600

Social security and other taxes

-

1,785

Other creditors

8,982

8,982

Deferred income

10,123

9,295

Accrued expenses

4,725

4,500

36,871

37,162

8.

RESERVES

Retained

earnings

£

At 6 April 2024

5,381,416

Profit for the year

28,072

Dividends

(39,630

)

At 5 April 2025

5,369,858

Included within reserves is £3,541,687 relating to revaluations of Freehold Property less attributable deferred tax, which is non-distributable.

9.	RELATED PARTY DISCLOSURES

The company is controlled by one director, who owns 76% of the issued share capital.

As at the balance sheet date, 3 directors loans were due to the company totalling £184,949 including interest charged (2024: £178,955). This includes interest which is charged annually.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Properties (Hastings) Limited for the year ended 5 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Properties (Hastings) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Properties (Hastings) Limited and state those matters that we have agreed to state to the Board of Directors of Properties (Hastings) Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Properties (Hastings) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Properties (Hastings) Limited 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 profit of Properties (Hastings) Limited. You consider that Properties (Hastings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Properties (Hastings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

7 November 2025