Company Registration No. 13425637 (England and Wales)
Hat Homes Limited
Unaudited accounts
for the period from 1 June 2024 to 30 May 2025
Hat Homes Limited
Unaudited accounts
Contents
Hat Homes Limited
Company Information
for the period from 1 June 2024 to 30 May 2025
Company Number
13425637 (England and Wales)
Registered Office
16a Kitson Hill Road
Mirfield
WF14 9EL
Accountants
The Tax Farm
Hare House
732 Whittingham Lane
Preston
PR3 2JJ
Hat Homes Limited
Statement of financial position
as at 30 May 2025
Investment property
585,000
595,000
Creditors: amounts falling due within one year
(214,036)
(224,171)
Net current liabilities
(214,036)
(224,171)
Total assets less current liabilities
371,867
372,176
Creditors: amounts falling due after more than one year
(287,033)
(287,033)
Provisions for liabilities
Deferred tax
(14,600)
(16,500)
Called up share capital
1
1
Profit and loss account
70,233
68,642
Shareholders' funds
70,234
68,643
For the period ending 30 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2026 and were signed on its behalf by
Helen Reed
Director
Company Registration No. 13425637
Hat Homes Limited
Notes to the Accounts
for the period from 1 June 2024 to 30 May 2025
Hat Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 13425637. The registered office is 16a Kitson Hill Road, Mirfield, WF14 9EL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured as the rental income received or receivable, excluding value added tax.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Hat Homes Limited
Notes to the Accounts
for the period from 1 June 2024 to 30 May 2025
4
Tangible fixed assets
Computer equipment
Fair value at 1 June 2024
595,000
Net loss from fair value adjustments
(10,000)
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director at the year end.
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,530
2,458
Loans from directors
210,930
221,209
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
162,033
162,033
Other creditors
125,000
125,000
8
Transactions with related parties
The following outstanding amount was due to a related party at the reporting end date.
The Reed Asset Company Limited - £125,000 (2023 £125,000)
The amount outstanding from The Reed Asset Company Limited, a company in which Mrs H. Reed is a director and shareholder, is in respect of a loan. Interest at a commercial rate was charged on the loan during the period.
Hat Homes Limited
Notes to the Accounts
for the period from 1 June 2024 to 30 May 2025
9
Average number of employees
During the period the average number of employees was 0 (2024: 0).