Hudnalls Property Investment Co.Limited


Directors	Mrs J E Cleland
	Mrs R H Johnson
	Mrs A M Langridge
	Mrs C M Ledger


Company Secretary	Mrs A M Langridge


Registered Address	2 Hobson Court
	Penrith 40 Business Park
	Penrith
	CA11 9GQ


Registered Number	00834771 (England and Wales)

Statement of Financial Position
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	4		270,000		280,000
			270,000		280,000
Current assets
Debtors	5	4,235		634
Cash at bank and on hand		68,714		102,651
		72,949		103,285
Creditors amounts falling due within one year	6	(33,856)		(29,909)
Net current assets (liabilities)			39,093		73,376
Total assets less current liabilities			309,093		353,376
Provisions for liabilities	7		(39,000)		(41,000)
Net assets			270,093		312,376
Capital and reserves
Called up share capital			22		22
Revaluation reserve			217,294		225,294
Profit and loss account			52,777		87,060
Shareholders' funds			270,093		312,376

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 November 2025, and are signed on its behalf by:

Mrs A M Langridge
Director

Mrs J E Cleland
Director

Registered Company No. 00834771

Hudnalls Property Investment Co.Limited

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	5

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Finance leases and hire purchase contracts
	Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 October 24	1,101	1,101
At 30 September 25	1,101	1,101
Depreciation and impairment
At 01 October 24	1,101	1,101
At 30 September 25	1,101	1,101
Net book value
At 30 September 25	-	-
At 30 September 24	-	-

4.	Investment property
	On 30 September 2025 Linnells Property Consultants valued the leasehold investment property on an open market value for existing use basis and had the leasehold investment property been measured at historical cost the amount would have been £17,397 (2024 - £17,397).


		£
	Fair value at 01 October 24	280,000
	Fair value adjustments	(10,000)
	At 30 September 25	270,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	4,235	634
Total	4,235	634


	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.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	6,402	5,777
Accrued liabilities and deferred income	27,454	24,132
Total	33,856	29,909


	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.

7.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is in respect of the fair value of investment property.

	2025	2024
	£	£
Net deferred tax liability (asset)	39,000	41,000
Total	39,000	41,000

8.	Other commitments
	As of 30 September 2025, the company had future minimum lease payments under non-cancellable operating leases of £5,850 (2024 - £6,300).

9.	Related party transactions
	The directors and shareholders also manage and control Malmon Property Company Limited. The company owns leasehold investment property for which it pays an annual ground rent of £450 (2024 - £450) to Malmon Property Company Limited. The tenants of the investment property pay maintenance costs as a service charge to the company. These service charges are subsequently paid to Malmon Property Company Limited. During the year, the company received £6,448 (2024 - £2,838) and paid £6,448 (2024 - £2,838) to Malmon Property Company Limited As of the balance sheet date, the company owed Malmon Property Company Limited £4,235 (2024 - £634).

Related party transactions

The directors and shareholders also manage and control Malmon Property Company Limited.

The company owns leasehold investment property for which it pays an annual ground rent of £450 (2024 - £450) to Malmon Property Company Limited.

The tenants of the investment property pay maintenance costs as a service charge to the company.  These service charges are subsequently paid to Malmon Property Company Limited.  During the year, the company received £6,448 (2024 - £2,838) and paid £6,448 (2024 - £2,838) to Malmon Property Company Limited

As of the balance sheet date, the company owed Malmon Property Company Limited £4,235 (2024 - £634).