Registration number: 01033147

Openshaw Properties Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Openshaw Properties Limited

Company Information

Directors

Mr Andrew James Mills Mrs Valerie Hagan Mrs Susan Bennett Mr Jeffrey Mills

Company secretary

Mrs Valerie Hagan

Registered office

2 Glenside Drive Wilmslow Cheshire SK9 1EH

Accountants

The Moffatts Partnership LLP Suite 1.1, First Floor Jackson House Sibson Road Sale M33 7RR

Openshaw Properties Limited

(Registration number: 01033147)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	282	377
Investment property	5	180,000	485,000
		180,282	485,377
Current assets
Debtors	6	47,203	39,885
Cash at bank and in hand		393,363	14,661
		440,566	54,546
Creditors: Amounts falling due within one year	7	(95,225)	(70,710)
Net current assets/(liabilities)		345,341	(16,164)
Total assets less current liabilities		525,623	469,213
Provisions for liabilities		(12,863)	(42,464)
Net assets		512,760	426,749
Capital and reserves
Called up share capital	8	1,000	1,000
Other reserves		54,606	180,723
Retained earnings		457,154	245,026
Shareholders' funds		512,760	426,749

Openshaw Properties Limited

(Registration number: 01033147)
Balance Sheet as at 31 March 2025

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr Andrew James Mills Director

Openshaw Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Glenside Drive
Wilmslow
Cheshire
SK9 1EH
England

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of rents received or receivable. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

Openshaw Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Openshaw Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	502	502
At 31 March 2025	502	502
Depreciation
At 1 April 2024	125	125
Charge for the year	95	95
At 31 March 2025	220	220
Carrying amount
At 31 March 2025	282	282
At 31 March 2024	377	377

5	Investment properties

	2025 £
At 1 April	485,000
Disposals	(305,000)
At 31 March	180,000

The fair value of the investment property is based on a valuation provided by the directors at balance sheet date.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2025 £	2024 £
Trade debtors	32,739	17,058
Other debtors	14,464	22,827
	47,203	39,885

Openshaw Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	586	-
Taxation and social security	25,004	4,361
Accruals and deferred income	4,950	2,904
Other creditors	64,685	63,445
	95,225	70,710

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A ordinary shares of £0.10 each	8,000	800	8,000	800
B ordinary shares of £0.10 each	2,000	200	2,000	200
	10,000	1,000	10,000	1,000

9	Parent and ultimate parent undertaking

HBMM Holdings Ltd (13246628), which has the same directors, acquired the shares of the company, in a share for share exchange, on the 12th July 2021.

 The company's immediate parent is HBMM Holdings Ltd, incorporated in England & Wales.

  These financial statements are available upon request from Companies House