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Registered number: 10785992
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Hecurl Limited
Financial statements
Information for filing with the registrar
31 May 2025
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Balance sheet
At 31 May 2025
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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1
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Balance sheet (continued)
At 31 May 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 May 2026.
Company registered number: 10785992
The notes on pages 3 to 4 form part of these financial statements.
2
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Notes to the financial statements
Year ended 31 May 2025
The company is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is 2nd Floor Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Stock refers to completed properties held for sale. Stock is stated at the lower of costs and estimated selling price less costs to complete and sell. Cost includes all direct development expenditure and attributable overheads incurred in bringing each property to its present condition.
The carrying value of stock is reveiwed each year by the directors and where the estimated selling price, less costs to sell, is lower than costs, the impariment is recognised in profit and loss account.
Revenue from the sale of completed properties is recognised when the significant risks and rewards of ownership have transferred to the buyer, which is usually the date of legal completion.
The company only 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.
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The company has no employees other than the directors, who did not receive any remuneration in the current or prior period.
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3
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Notes to the financial statements
Year ended 31 May 2025
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Prepayments and accrued income
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Creditors: amounts falling due after more than one year
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The bank loan is secured by a fixed and floating charge over the assets of the company.
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4
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