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

COMPANY REGISTRATION NUMBER: 14735102

HGDP PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

HGDP PROPERTIES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

HGDP PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Investments	4		161,969		161,969

CURRENT ASSETS

Cash at bank and in hand	697		358

CREDITORS: amounts falling due within one year	5	68,126		61,458
		---------		---------
NET CURRENT LIABILITIES			67,429		61,100
			-----------		-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			94,540		100,869

CREDITORS: amounts falling due after more than one year	6	105,917	109,792
		-----------	-----------
NET LIABILITIES		( 11,377)	( 8,923)
		-----------	-----------

HGDP PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	7	100	100
Profit and loss account		( 11,477)	( 9,023)
		---------	--------
SHAREHOLDERS DEFICIT		( 11,377)	( 8,923)
		---------	--------

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 comprehensive income has not been delivered.

For the year ending 31 March 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 .

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr S Platt

Director

Company registration number: 14735102

HGDP PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 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 Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

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.

Going concern

The continuation of the company's activities is dependent on the continuing financial support of the directors bank and other creditors. The directors have confirmed that in their opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Investments

Certain of the company's properties are held for long-term investment.

Investment properties are accounted for in accordance with FRS 102, as follows:

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

No depreciation is provided in respect of investment property, which is revalued annually. The surplus or deficit on revaluation is transferred to revaluation reserve unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of the fixed assets. However, these assets are not held for consumption, but for investment and the directors consider that systematic annual deprecation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. INVESTMENTS

	Investment property
	£
Cost
At 1 April 2024 and 31 March 2025	161,969
	-----------
Impairment
At 1 April 2024 and 31 March 2025	–
	-----------

Carrying amount
At 31 March 2025	161,969
	-----------
At 31 March 2024	161,969
	-----------

The investment property was purchased for £161,969 on 5 July 2023. The director has stated there is no change in valuation at 31 March 2025.

5. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,875	3,875
Amounts owed to undertakings in which the company has a participating interest	60,885	55,000
Accruals and deferred income	862	862
Director loan accounts	2,504	1,721
	---------	---------
	68,126	61,458
	---------	---------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2025	2024
	£	£
Bank loan	3,875	3,875
	--------	--------

6. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	105,917	109,792
	-----------	-----------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2025	2024
	£	£
Bank loan	105,917	109,792
	-----------	-----------

Included within creditors: amounts falling due after more than one year is an amount of £86,542 (2024: £90,417) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

7. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	-----	-----	-----	-----

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.