HKDD Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09551921

HKDD Properties Limited

Filleted Unaudited Financial Statements

31 March 2025

HKDD Properties Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Current assets

Stocks		4,095,889	4,082,145
Debtors	4	11,112	6,787
Cash at bank and in hand		3,596	8,939
		------------	------------
		4,110,597	4,097,871

Creditors: amounts falling due within one year	5	5,285,940		5,031,784
		------------		------------
Net current liabilities			1,175,343	933,913
			------------	---------
Total assets less current liabilities			( 1,175,343)	( 933,913)
			------------	---------
Net liabilities			( 1,175,343)	( 933,913)
			------------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 1,175,345)	( 933,915)
	------------	---------
Shareholders deficit	( 1,175,343)	( 933,913)
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 .

HKDD Properties Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

Mr H Patel

Director

Company registration number: 09551921

HKDD Properties Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Debtors

	2025	2024
	£	£
Other debtors	11,112	6,787
	--------	-------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,565	21,712
Social security and other taxes	–	2,172
Other creditors	5,276,375	5,007,900
	------------	------------
	5,285,940	5,031,784
	------------	------------

6. Going concern

The company's balance sheet shows an insolvent position, it is the intention of the companies directors to continue to support the company to enable it to meet it's day to day funding requirements and therefore the financial statements have been prepared on a going concern basis.