REGISTERED NUMBER: 04159668 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HORNSBY PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr RH Hornsby

Mrs ZM Hornsby

SECRETARY:

Mrs ZM Hornsby

REGISTERED OFFICE:

The Granary Manor Farm

Manor Road

Ullesthorpe

Lutterworth

Leicestershire

LE17 5BN

REGISTERED NUMBER:

04159668 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,738

11,666

6,738

11,666

CURRENT ASSETS

Debtors

6

12,071

13,638

Cash at bank

11,032

12,869

23,103

26,507

CREDITORS

Amounts falling due within one year

7

28,261

38,165

NET CURRENT LIABILITIES

(5,158

)

(11,658

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,580

8

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

1,578

6

SHAREHOLDERS' FUNDS

1,580

8

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 November 2025 and were signed on its behalf by:

Mr RH Hornsby - Director

Mrs ZM Hornsby - Director

1.	STATUTORY INFORMATION

Hornsby Properties 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.

Turnover

Turnover represents net invoiced sales of letting agent services, recognised on a rental basis, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

and 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

111,544

6,750

118,294

DEPRECIATION

At 1 April 2024

99,878

6,750

106,628

Charge for year

4,928

-

4,928

At 31 March 2025

104,806

6,750

111,556

NET BOOK VALUE

At 31 March 2025

6,738

-

6,738

At 31 March 2024

11,666

-

11,666

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

12,071

13,638

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1,781

Trade creditors

7,117

15,514

Taxation and social security

17,805

12,270

Other creditors

3,339

8,600

28,261

38,165

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr RH Hornsby and Mrs ZM Hornsby

Balance outstanding at start of year

8,903

3,984

Amounts advanced

25,540

24,925

Amounts repaid

(34,447

)

(20,006

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4

)

8,903

These amounts are interest free and repayable on demand.