HRC ESTATE LTD - Filleted accounts

Registered number

10533437

HRC ESTATE LTD

Filleted Accounts

31 December 2024

HRC ESTATE LTD
Registered number:		10533437
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		16,991,249			16,945,249

Current assets
Debtors	4	1,973,969			2,151,230
Cash at bank and in hand		292,254			81,508
		2,266,223			2,232,738

Creditors: amounts falling due within one year	5	(189,156)			(149,062)

Net current assets			2,077,067			2,083,676

Total assets less current liabilities			19,068,316			19,028,925

Creditors: amounts falling due after more than one year	6		(13,633,183)			(13,661,086)



Net assets			5,435,133			5,367,839

Capital and reserves
Called up share capital			5,379,571			5,379,571
Profit and loss account			55,562			(11,732)

Shareholders' funds			5,435,133			5,367,839

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Hadia Choudhary
Director
Approved by the board on 8 December 2025

HRC ESTATE LTD
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the renting properties. Turnover from the renting properties is recognised in the Profit & Loss Account when it falls due.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			5		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	16,890,378		68,589		16,958,967
	Additions	46,000		-		46,000
	At 31 December 2024	16,936,378		68,589		17,004,967

	Depreciation
	At 1 January 2024	-		13,718		13,718
	At 31 December 2024	-		13,718		13,718

	Net book value
	At 31 December 2024	16,936,378		54,871		16,991,249
	At 31 December 2023	16,890,378		54,871		16,945,249


4	Debtors			2024		2023
£					£

	Trade debtors			3,585		6,211
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,802,821		2,090,070
	Arrangement fee HBL (loan)			28,000		32,000
	Tenancey Deposit Protection			11,189		11,189
	Other debtors			128,374		11,760
				1,973,969		2,151,230


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Accruals			3,639		4,139
	Bank loans and overdrafts			90,652		90,652
	Trade creditors			10,722		1,843
	Director's loan account			5,930		295
	Taxation and social security costs			35,765		38,205
	Tenancy Deposit Protection			11,189		11,189
	Other creditors			31,259		2,739
				189,156		149,062


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			7,758,981		7,849,236
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			5,874,202		5,793,849
	Other creditors			-		18,001
				13,633,183		13,661,086


7	Other information

	HRC ESTATE LTD is a private company limited by shares and incorporated in England. Its registered office is:
	4 Wangey Road
	Chadwell Heath
	Romford
	RM6 4DD