REGISTERED NUMBER: 04225454 (England and Wales)

Unaudited Financial Statements

for the Period

27 November 2023 to 25 November 2024

for

Huntingdon Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Khamba

W Khamba

REGISTERED OFFICE:

17 Castle Gate

Nottingham

NG1 7AQ

REGISTERED NUMBER:

04225454 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Tangible assets

4

1,000

2,000

Investment property

5

8,091,576

5,703,647

8,092,576

5,705,647

CURRENT ASSETS

Debtors

6

11,759,028

13,844,813

Cash at bank and in hand

693,464

1,261

12,452,492

13,846,074

CREDITORS

Amounts falling due within one year

7

1,918,497

1,663,950

NET CURRENT ASSETS

10,533,995

12,182,124

TOTAL ASSETS LESS CURRENT LIABILITIES

18,626,571

17,887,771

CREDITORS

Amounts falling due after more than one year

8

(12,555,533

)

(13,826,697

)

PROVISIONS FOR LIABILITIES

(1,319,988

)

(875,981

)

NET ASSETS

4,751,050

3,185,093

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

10

4,750,050

3,184,093

4,751,050

3,185,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 November 2024 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 3 December 2025 and were signed on its behalf by:

W Khamba - Director

1.	STATUTORY INFORMATION

Huntingdon 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 modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

20% on cost

The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of an asset, and is credited or charged to profit or loss.

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 27 November 2023

and 25 November 2024

5,000

DEPRECIATION

At 27 November 2023

3,000

Charge for period

1,000

At 25 November 2024

4,000

NET BOOK VALUE

At 25 November 2024

1,000

At 26 November 2023

2,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 27 November 2023

5,703,647

Additions

51,050

Revaluations

2,336,879

At 25 November 2024

8,091,576

NET BOOK VALUE

At 25 November 2024

8,091,576

At 26 November 2023

5,703,647

The carrying valuation of the investment property shown within these financial statements is considered by the director to be reasonable.

The historical cost of investment property at 25 November 2024 is £2,250,774.

Fair value at 25 November 2024 is represented by:

£

Valuation in 2018

1,175,703

Valuation in 2019

2,013,909

Valuation in 2020

314,311

Valuation in 2024

2,336,879

Cost

2,250,774

8,091,576

6.

DEBTORS

25.11.24

26.11.23

£

£

Amounts falling due within one year:

Other debtors

4,180,109

4,635,044

25.11.24

26.11.23

£

£

Amounts falling due after more than one year:

Other debtors

7,578,919

9,209,769

Aggregate amounts

11,759,028

13,844,813

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.11.24

26.11.23

£

£

Bank loans and overdrafts

567,714

866,524

Trade creditors

7,080

6,660

Taxation and social security

192,531

155,244

Other creditors

1,151,172

635,522

1,918,497

1,663,950

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

25.11.24

26.11.23

£

£

Bank loans

12,555,533

13,826,697

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

11,236,301

10,360,602

11,236,301

10,360,602

9.	SECURED DEBTS

The following secured debts are included within creditors:

25.11.24

26.11.23

£

£

Bank loans

13,084,960

14,648,954

The bank loans are secured by fixed and floating charges over investment properties held within the company and other company undertakings. Furthermore the director, T Khamba, has provided a personal guarantee for a loan totalling £4,304,869 which is included within the above balance.

10.

RESERVES

Retained

earnings

£

At 27 November 2023

3,184,093

Profit for the period

1,565,957

At 25 November 2024

4,750,050

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 25 November 2024 and 26 November 2023:

25.11.24

26.11.23

£

£

W Khamba

Balance outstanding at start of period

150,987

54,311

Amounts advanced

76,888

144,810

Amounts repaid

(78,886

)

(48,134

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

148,989

150,987

12.	RELATED PARTY DISCLOSURES

Included within Other debtors is £9,721,127 (2023 - £11,994,427) due to the company from various related companies in which the director, W Khamba, retains a equity stake.

Included within Other creditors is £899,536 (2023 - £310,210) due from the company to companies in which the director, W Khamba, retains a equity stake.