HG Sims Property Limited - Filleted accounts

Registered number

15923968

HG Sims Property Limited

Filleted Accounts

31 August 2025

HG Sims Property Limited
Registered number:		15923968
Balance Sheet
as at 31 August 2025

Notes			2025
£
Fixed assets
Investments	3		323,330

Current assets
Cash at bank and in hand		3,411

Creditors: amounts falling due within one year	4	(103,666)

Net current liabilities			(100,255)

Total assets less current liabilities			223,075

Creditors: amounts falling due after more than one year	5		(231,750)



Net liabilities			(8,675)

Capital and reserves
Called up share capital			100
Profit and loss account			(8,775)

Shareholder's funds			(8,675)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Sims
Director
Approved by the board on 31 March 2026

HG Sims Property Limited
Notes to the Accounts
for the period from 29 August 2024 to 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investment Properties
	Investment properties are properties held to earn rental income and for capital appreciation. Investment properties are measured at fair value at each reporting date. Any gains or losses arising from changes in fair value are recognised in the profit and loss account.

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025
Number

	Average number of persons employed by the company		1


3	Investments

Investment
properties
£
	Fair value
	Additions			323,330

	At 31 August 2025			323,330
	The investment properties are measured at fair value at each reporting date. The fair value of the investment property at 31 August 2025 was £323,330.


4	Creditors: amounts falling due within one year		2025
£

	Director's loan account		39,138
	Related party creditor		63,328
	Other creditors		1,200
			103,666


5	Creditors: amounts falling due after one year		2025
£

	Mortgage finance		231,750


6	Related party transactions

	During the year, the company received a loan from a related company. At the balance sheet date, the amount outstanding to the related company was £63,328. The loan is interest-free and is repayable on demand.


7	Controlling party

	The shares are under the control of the director.


8	Other information

	HG Sims Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Apartment 13 Bassetts House
	8 Acorn Way
	Orpington
	Kent
	BR6 7FG