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

COMPANY REGISTRATION NUMBER: 14107239

Hyrule Properties Limited

Filleted Unaudited Financial Statements

31 May 2025

Hyrule Properties Limited

Statement of Financial Position

31 May 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	184,952	184,952

Current assets

Debtors	5	60	276
Cash at bank and in hand		3,315	2,138
		-------	-------
		3,375	2,414

Creditors: amounts falling due within one year	6	( 56,950)	( 56,007)
		--------	--------
Net current liabilities		( 53,575)	( 53,593)
		---------	---------
Total assets less current liabilities		131,377	131,359

Creditors: amounts falling due after more than one year	7	( 131,495)	( 133,495)
		---------	---------
Net liabilities		( 118)	( 2,136)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 218)	( 2,236)
	----	-------
Shareholders deficit	( 118)	( 2,136)
	----	-------

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 May 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 .

Hyrule Properties Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr M P Stephens

Director

Company registration number: 14107239

Hyrule Properties Limited

Notes to the Financial Statements

Year ended 31 May 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 Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.

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 investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Investments

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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. Debt instruments are subsequently measured at amortised cost.

4. Investments

	Investment Property
	£
Cost
At 1 June 2024 and 31 May 2025	184,952
	---------
Impairment
At 1 June 2024 and 31 May 2025	–
	---------

Carrying amount
At 31 May 2025	184,952
	---------
At 31 May 2024	184,952
	---------

The directors felt that no revaluation was required at this year end. There has been no valuation of investment property by an independent valuer.

5. Debtors

	2025	2024
	£	£
Other debtors	60	276
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	56,950	56,007
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	131,495	133,495
	---------	---------

8. Controlling party

The company is controlled by its directors who own 100% of the share capital.