REGISTERED NUMBER: NI610601 (Northern Ireland)

Unaudited Financial Statements

for the Period 1 February 2024 to 30 April 2025

for

P Hughes Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Hughes

REGISTERED OFFICE:

Box 185

21 Botanic Avenue

Belfast

BT7 1JJ

REGISTERED NUMBER:

NI610601 (Northern Ireland)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

47,073

60,057

Investment property

5

751,921

751,921

798,994

811,978

CURRENT ASSETS

Debtors

6

14,145

28,185

Cash at bank

133,405

36,633

147,550

64,818

CREDITORS

Amounts falling due within one year

7

253,783

213,351

NET CURRENT LIABILITIES

(106,233

)

(148,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

692,761

663,445

CREDITORS

Amounts falling due after more than one year

8

(149,611

)

(176,149

)

PROVISIONS FOR LIABILITIES

(6,732

)

(9,526

)

NET ASSETS

536,418

477,770

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

34,620

34,620

Retained earnings

501,698

443,050

SHAREHOLDERS' FUNDS

536,418

477,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2025 and were signed by:

Mr D J Hughes - Director

1.	STATUTORY INFORMATION

P Hughes Property Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance and 15% on cost

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 profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 30 April 2025

203,846

DEPRECIATION

At 1 February 2024

143,789

Charge for period

12,984

At 30 April 2025

156,773

NET BOOK VALUE

At 30 April 2025

47,073

At 31 January 2024

60,057

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 30 April 2025

751,921

NET BOOK VALUE

At 30 April 2025

751,921

At 31 January 2024

751,921

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

31/1/24

£

£

Trade debtors

14,145

28,185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

31/1/24

£

£

Trade creditors

6,178

6,049

Taxation and social security

28,227

48,763

Other creditors

219,378

158,539

253,783

213,351

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/25

31/1/24

£

£

Other creditors

149,611

176,149

9.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/25

31/1/24

£

£

Lloyds Bank PLC

148,122

167,190

All that freehold land being land on the north side of Cargo Fleet Road, Middlesbrough, TS3 6AG registered at land registry under title number CE99176.

Contains fixed charge.

Contains floating charge.

Contains negative pledge.

10.

RESERVES

Fair value

reserve

£

At 1 February 2024

and 30 April 2025

34,620