| Hemel Hempstead Property Co. (Apsley) Limited |
| Registered number: |
00874301 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Note |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,694 |
|
|
2,072 |
| Investments |
4 |
|
|
2 |
|
|
2 |
|
|
|
|
1,696 |
|
|
2,074 |
|
| Current assets |
| Stocks |
|
|
2,333,548 |
|
|
2,508,428 |
| Cash at bank and in hand |
|
|
5,255,140 |
|
|
5,494,796 |
|
|
|
7,588,688 |
|
|
8,003,224 |
|
| Creditors: amounts falling due within one year |
5 |
|
(101,858) |
|
|
(191,506) |
|
| Net current assets |
|
|
|
7,486,830 |
|
|
7,811,718 |
|
| Net assets |
|
|
|
7,488,526 |
|
|
7,813,792 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
8 |
|
|
1,125 |
|
|
1,125 |
| Profit and loss account |
|
|
|
7,487,401 |
|
|
7,812,667 |
|
| Shareholder's funds |
|
|
|
7,488,526 |
|
|
7,813,792 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her 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. |
|
|
|
|
| L. Vied |
| Director |
| Approved by the board on 9 December 2025 |
|
| Hemel Hempstead Property Co. (Apsley) Limited |
| Notes to the Accounts |
| for the year ended 31 March 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). |
|
|
Turnover |
|
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The following criteria must also be met before revenue is recognised:
Sale of properties:
Revenue from the sale of properties is recognised upon completion when the consideration has passed to the company.
Rental of vacant properties:
While vacant and awaiting sale, properties may be leased to tenants under short term operating leases. The rental income under these leases is recognised through profit and loss on a straight-line basis over the term of the lease. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment. |
33% reducing balance |
|
Motor vehicles |
over 4 years |
|
Plant and machinery |
25% reducing balance |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Stocks |
|
Stocks comprise the properties held by the company for sale. Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant, machinery, fixtures & fittings |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
14,582 |
|
10,392 |
|
24,974 |
|
At 31 March 2025 |
14,582 |
|
10,392 |
|
24,974 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
12,510 |
|
10,392 |
|
22,902 |
|
Charge for the year |
378 |
|
- |
|
378 |
|
At 31 March 2025 |
12,888 |
|
10,392 |
|
23,280 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,694 |
|
- |
|
1,694 |
|
At 31 March 2024 |
2,072 |
|
- |
|
2,072 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
2 |
|
|
At 31 March 2025 |
2 |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
72,814 |
|
154,112 |
|
Accruals and deferred income |
24,400 |
|
33,275 |
|
Other creditors |
4,644 |
|
4,119 |
|
|
|
|
|
|
101,858 |
|
191,506 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other operating income |
2025 |
|
2024 |
| £ |
£ |
|
|
Other income |
91,144 |
|
105,433 |
|
|
|
|
|
|
91,144 |
|
105,433 |
|
|
|
|
|
|
|
|
|
| 7 |
Taxation |
2025 |
|
2024 |
| £ |
£ |
|
Corporation tax |
|
|
Current tax on profits for the year |
71,704 |
|
7,074 |
|
|
|
|
|
|
|
|
|
|
Factors affecting the tax charge for the year |
|
|
There were no factors that affected the tax charge for the year which has been calculated on the |
|
profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% |
|
|
| 8 |
Share capital |
2025 |
|
2024 |
| £ |
£ |
|
Allotted, called up and fully paid |
|
11,220 Ordinary shares of £0.10 each |
1,122 |
|
1,122 |
|
10 A Ordinary non voting shares of £0.10 each |
1 |
|
1 |
|
10 B Ordinary non voting shares of £0.10 each |
1 |
|
1 |
|
10 C Ordinary non voting shares of £0.10 each |
1 |
|
1 |
|
|
|
|
|
|
1,125 |
|
1,125 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
The director, Mrs L Vied is considered the ultimate controlling party by virtue of her shareholding in the |
|
company. |
|
|
| 10 |
Other information |
|
|
Hemel Hempstead Property Co. (Apsley) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
Middlesex |
|
HA7 1JS |