HK Property Estates Limited 11355345 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 11355345 2024-06-01 2025-05-31 11355345 2025-05-31 11355345 bus:Director1 1 2025-05-31 11355345 core:CurrentFinancialInstruments 2025-05-31 11355345 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 11355345 core:Non-currentFinancialInstruments 2025-05-31 11355345 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 11355345 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-05-31 11355345 core:FurnitureFittingsToolsEquipment 2025-05-31 11355345 bus:SmallEntities 2024-06-01 2025-05-31 11355345 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 11355345 bus:FilletedAccounts 2024-06-01 2025-05-31 11355345 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11355345 bus:RegisteredOffice 2024-06-01 2025-05-31 11355345 bus:Director1 2024-06-01 2025-05-31 11355345 bus:Director1 1 2024-06-01 2025-05-31 11355345 bus:Director2 2024-06-01 2025-05-31 11355345 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11355345 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-01 2025-05-31 11355345 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 11355345 core:OfficeEquipment 2024-06-01 2025-05-31 11355345 countries:UnitedKingdom 2024-06-01 2025-05-31 11355345 2024-05-31 11355345 bus:Director1 1 2024-05-31 11355345 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 11355345 core:FurnitureFittingsToolsEquipment 2024-05-31 11355345 2023-06-01 2024-05-31 11355345 2024-05-31 11355345 bus:Director1 1 2024-05-31 11355345 core:CurrentFinancialInstruments 2024-05-31 11355345 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11355345 core:Non-currentFinancialInstruments 2024-05-31 11355345 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 11355345 core:FurnitureFittingsToolsEquipment 2024-05-31 11355345 bus:Director1 1 2023-06-01 2024-05-31 11355345 bus:Director1 1 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11355345

HK Property Estates Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

HK Property Estates Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

HK Property Estates Limited

Company Information

Directors | H Knight Mrs J Knight

Registered office | Trade Fair House 2 West Court Enterprise Road Maidstone Kent ME15 6JD

Accountants | Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

HK Property Estates Limited

(Registration number: 11355345)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | - | 148
Investment property | 6 | 795,000 | 765,000
|  | 795,000 | 765,148
Current assets |  |  |
Debtors | 7 | 6,563 | 283
Cash at bank and in hand |  | 3,118 | 2,540
|  | 9,681 | 2,823
Creditors: Amounts falling due within one year | 8 | (620,580) | (209,814)
Net current liabilities |  | (610,899) | (206,991)
Total assets less current liabilities |  | 184,101 | 558,157
Creditors: Amounts falling due after more than one year | 8 | (94,743) | (484,972)
Provisions for liabilities |  | (38,733) | (23,737)
Net assets |  | 50,625 | 49,448
Capital and reserves |  |  |
Called up share capital | 9 | 200 | 200
Retained earnings |  | 50,425 | 49,248
Shareholders' funds |  | 50,625 | 49,448

HK Property Estates Limited

(Registration number: 11355345)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 17 November 2025 and signed on its behalf by:

......................................... H Knight Director
......................................... Mrs J Knight Director

HK Property Estates Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD
England

These financial statements were authorised for issue by the Board on 17 November 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.

Tax

The tax expense for the period comprises 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.

HK Property Estates Limited

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

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:

Asset class | Depreciation method and rate
Office Equipment | 33.33% Straight line method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website development | 25% Straight line method

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.

HK Property Estates Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 2 (2024 - 2).

4 | Intangible assets

| Internally generated software development costs £ | Total £
Cost or valuation
At 1 June 2024 | 1,298 | 1,298
At 31 May 2025 | 1,298 | 1,298
Amortisation
At 1 June 2024 | 1,298 | 1,298
At 31 May 2025 | 1,298 | 1,298
Carrying amount
At 31 May 2025 | - | -

HK Property Estates Limited

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

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 626 | 626
At 31 May 2025 | 626 | 626
Depreciation
At 1 June 2024 | 478 | 478
Charge for the year | 148 | 148
At 31 May 2025 | 626 | 626
Carrying amount
At 31 May 2025 | - | -
At 31 May 2024 | 148 | 148

HK Property Estates Limited

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

6 | Investment properties

| 2025 £
At 1 June | 765,000
Fair value adjustments | 30,000
At 31 May | 795,000

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

7 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 6,087 | 283
Other debtors | 476 | -
| 6,563 | 283

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | - | 127,500
Taxation and social security |  | - | 55
Accruals and deferred income |  | 1,800 | 1,680
Other creditors |  | 618,780 | 80,579
|  | 620,580 | 209,814

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 94,743 | 484,972

HK Property Estates Limited

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

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100
Ordinary 'B' shares of £1 each | 100 | 100 | 100 | 100
| 200 | 200 | 200 | 200

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 94,743 | 484,972

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 127,500

11 | Related party transactions

Transactions with directors

2025 | At 1 June 2024 £ | Advances to director £ | Repayments by director £ | At 31 May 2025 £
H Knight
Directors loan account | (80,579) | 14,853 | (553,054) | (618,779)

2024 | At 1 June 2023 £ | Advances to director £ | Repayments by director £ | At 31 May 2024 £
H Knight
Directors loan account | (72,260) | 48,018 | (56,337) | (80,579)

HK Property Estates Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 11,955 | 14,665