REGISTERED NUMBER: 11909382 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

VERY HOT PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P I Harrison

REGISTERED OFFICE:

C/O Christian Douglass Accountants Ltd

2 Jordan Street

Knott Mill

Manchester

Greater Manchester

M15 4PY

REGISTERED NUMBER:

11909382 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

Chartered Accountants

2 Jordan Street

Knott Mill

Manchester

M15 4PY

FIXED ASSETS

Tangible assets

4

168

753

Investment property

5

970,000

918,884

970,168

919,637

CURRENT ASSETS

Debtors

6

81,179

55,747

Cash at bank

4,117

36,009

85,296

91,756

CREDITORS

Amounts falling due within one year

7

32,169

30,913

NET CURRENT ASSETS

53,127

60,843

TOTAL ASSETS LESS CURRENT LIABILITIES

1,023,295

980,480

CREDITORS

Amounts falling due after more than one year

8

(107,121

)

(122,236

)

PROVISIONS FOR LIABILITIES

(129,178

)

(116,545

)

NET ASSETS

786,996

741,699

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

390,894

352,411

Retained earnings

396,101

389,287

SHAREHOLDERS' FUNDS

786,996

741,699

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 director acknowledges his 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 director and authorised for issue on 12 December 2025 and were signed by:

Mr P I Harrison - Director

1.	STATUTORY INFORMATION

Very Hot Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11909382 and its registered office is at 2 Jordan Street, Knott Mill, Manchester, M15 4PY.

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 represents net invoiced sales of goods and services excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Rental income is recognised on an accruals basis.

Tangible fixed assets

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

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 year 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

2,906

DEPRECIATION

At 1 April 2024

2,153

Charge for year

585

At 31 March 2025

2,738

NET BOOK VALUE

At 31 March 2025

168

At 31 March 2024

753

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

918,884

Revaluations

51,116

At 31 March 2025

970,000

NET BOOK VALUE

At 31 March 2025

970,000

At 31 March 2024

918,884

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

41,263

Valuation in 2022

365,000

Valuation in 2023

59,164

Valuation in 2025

51,116

Cost

453,457

970,000

At the balance sheet date investment properties were stated at fair value as determined by the director.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

30,279

8,416

Other debtors

50,900

47,331

81,179

55,747

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

15,117

14,298

Trade creditors

2,273

3,365

Taxation and social security

12,250

10,164

Other creditors

2,529

3,086

32,169

30,913

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

107,121

122,236

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

44,014

60,978

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loan

118,902

131,203

Reporting entity bank borrowings are secured by fixed and floating charges against the company's assets.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

352,411

Revaluation surplus

38,483

At 31 March 2025

390,894

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is In-Fill Design (Holdings) Limited.