REGISTERED NUMBER: 10339365 (England and Wales)

HINTSBROOK PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Skerritt

Mrs W D Skerritt

REGISTERED OFFICE:

Hintsbrook

School Lane

Hints

Tamworth

Staffordshire

B78 3DP

REGISTERED NUMBER:

10339365 (England and Wales)

FIXED ASSETS

Tangible assets

4

14,447

16,403

Investment property

5

5,765,000

5,765,000

5,779,447

5,781,403

CURRENT ASSETS

Debtors

6

22,070

289,061

Cash at bank

154,729

77,606

176,799

366,667

CREDITORS

Amounts falling due within one year

7

832,934

815,388

NET CURRENT LIABILITIES

(656,135

)

(448,721

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,123,312

5,332,682

CREDITORS

Amounts falling due after more than one year

8

3,286,110

3,514,155

NET ASSETS

1,837,202

1,818,527

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

1,399,000

1,399,000

Retained earnings

437,202

418,527

SHAREHOLDERS' FUNDS

1,837,202

1,818,527

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

P J Skerritt - Director

1.	STATUTORY INFORMATION

Hintsbrook 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.

As at 31st March 2025, the company's balance sheet reflected net current liabilities. However, included within creditors falling due within one year are amounts due to a director. The director has given assurances that he will not request full repayment of the loan until such time as sufficient funds are available. In addition, the directors are of the opinion that sufficient funds will be available to settle creditors when they fall due for payment. Accordingly, the directors consider the going concern basis of preparation to be appropriate.

Significant judgements and estimates

Investment Properties

The value of the properties is assessed by an independent property valuation specialist at each reporting date using publicly available market evidence comprising primarily of values of comparable properties in the area and national market statistics. However, it is inherently difficult to assess the true market value of the properties without actively marketing the properties for sale.

Turnover

Turnover represents rents receivable for the period.

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

The company's properties are held for long-term investment and depreciation is not provided in respect of these properties. This policy represents a departure from the statutory accounting principles, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

38,376

Additions

756

At 31 March 2025

39,132

DEPRECIATION

At 1 April 2024

21,973

Charge for year

2,712

At 31 March 2025

24,685

NET BOOK VALUE

At 31 March 2025

14,447

At 31 March 2024

16,403

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

5,765,000

NET BOOK VALUE

At 31 March 2025

5,765,000

At 31 March 2024

5,765,000

Investment property fair value at 31st March 2025 is based on valuations by the directors.

Any gain or loss arising from a change in fair value is recognised in profit or loss in that accounting period.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

11,973

8,713

Other debtors

10,097

280,348

22,070

289,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

85,000

85,000

Trade creditors

7,356

62,155

Taxation and social security

27,896

116,805

Other creditors

712,682

551,428

832,934

815,388

Directors current accounts are not subject to any formal loan agreements and are therefore deemed as repayable on demand. There is no set repayment date.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

2,786,250

2,893,750

Other creditors

499,860

620,405

3,286,110

3,514,155

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

599,965

Repayable by instalments

Bank loans more 5 yr by instal

2,483,750

2,581,250

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

2,871,250

2,978,750

Other loans

499,860

640,623

3,371,110

3,619,373