Company registration number 15451152 (England and Wales)
H & T PROPERTY (CARDIFF) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
H & T PROPERTY (CARDIFF) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
H & T PROPERTY (CARDIFF) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
Notes
£
FIXED ASSETS
Tangible assets
3
13,820
Investment property
4
138,769
152,589
CURRENT ASSETS
Debtors
5
1,672
Cash at bank and in hand
2,888
4,560
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6
(175,963)
NET CURRENT LIABILITIES
(171,403)
NET LIABILITIES
(18,814)
CAPITAL AND RESERVES
Called up share capital
10
Profit and loss reserves
(18,824)
TOTAL EQUITY
(18,814)

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

H & T PROPERTY (CARDIFF) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 February 2026 and are signed on its behalf by:
Ms H Zaman
Director
Company registration number 15451152 (England and Wales)
H & T PROPERTY (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
1
ACCOUNTING POLICIES
Company information

H & T Property (Cardiff) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cedar House, Hazell Drive, Newport, NP10 8FY.

1.1
Reporting period

The financial statements cover the period from incorporation to the end of the company's accounting reference date, 31 March 2025, a period of 61 weeks.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The accounts show that the company had net liabilities of £18,814 at the balance sheet date. The directors have therefore had to consider the appropriateness of the going concern basis.
The company has been able to finance its operations largely because of support from the directors and other creditors. Were this support not available, the company may not be able to continue trading.
The directors are confident that the company will be able to meet its obligations for at least the next twelve months with the continuing support of these creditors. They therefore consider it appropriate to prepare the accounts on the going concern basis.

1.4
Turnover

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

H & T PROPERTY (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

H & T PROPERTY (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 5 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
3
TANGIBLE FIXED ASSETS
Fixtures and fittings
£
Cost
At 29 January 2024
-
0
Additions
14,741
At 31 March 2025
14,741
Depreciation and impairment
At 29 January 2024
-
0
Depreciation charged in the period
921
At 31 March 2025
921
Carrying amount
At 31 March 2025
13,820
4
INVESTMENT PROPERTY
2025
£
Fair value
At 29 January 2024
-
0
Additions
138,769
At 31 March 2025
138,769

Investment property comprises £138,769. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

H & T PROPERTY (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 6 -
5
DEBTORS
2025
Amounts falling due within one year:
£
Trade debtors
1,100
Other debtors
572
1,672
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Other creditors
175,963
7
DIRECTORS' TRANSACTIONS

Included within other creditors is a balance of £173,899 due to the directors. This balance is interest free and repayable on demand.

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