HVAC DEVELOPMENTS LTD


Director	PHILLIPS, Robert John


Registered Address	2nd Floor, Unit 55, Charlton Court Ffordd William
	St. Asaph Business Park
	St. Asaph
	LL17 0JG


Registered Number	14263346 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		229,163		229,163
			229,163		229,163
Current assets
Stocks	4	-		180
Debtors	5	2,640		44,578
Cash at bank and on hand		7,205		6,342
		9,845		51,100
Creditors amounts falling due within one year	6	(63,645)		(123,082)
Net current assets (liabilities)			(53,800)		(71,982)
Total assets less current liabilities			175,363		157,181
Creditors amounts falling due after one year	7		(196,875)		(166,651)
Net assets			(21,512)		(9,470)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(21,612)		(9,570)
Shareholders' funds			(21,512)		(9,470)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 15 July 2026, and are signed on its behalf by:

PHILLIPS, Robert John
Director
Registered Company No. 14263346

HVAC DEVELOPMENTS LTD

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents rental income receivable from investment properties, exclusive of VAT, and is recognised on a straight-line basis over the term of the lease. Lease incentives, such as rent-free periods or reduced rent periods, are recognised over the lease term on a straight-line basis as an adjustment to rental income. Turnover is recognised only when it is probable that the economic benefits associated with the transaction will flow to the company, and the amount of revenue and the costs incurred can be measured reliabily.

Turnover policy

Turnover represents rental income receivable from investment properties, exclusive of VAT, and is recognised on a straight-line basis over the term of the lease.

Lease incentives, such as rent-free periods or reduced rent periods, are recognised over the lease term on a straight-line basis as an adjustment to rental income.

Turnover is recognised only when it is probable that the economic benefits associated with the transaction will flow to the company, and the amount of revenue and the costs incurred can be measured reliabily.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

	Stocks and work in progress
	Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property
	The directors have reviewed the valuation of the investment property as at the balance sheet date and consider it to represent its fair market value.


		£
	Fair value at 01 November 24	229,163
	At 31 October 25	229,163

4.	Stocks

	2025	2024
	£	£
Other stocks	-	180
Total	-	180

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	2,640	43,862
Prepayments and accrued income	-	716
Total	2,640	44,578

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,592	506
Amounts owed to related parties	60,553	119,605
Other creditors	-	60
Accrued liabilities and deferred income	1,500	2,911
Total	63,645	123,082

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	196,875	166,651
Total	196,875	166,651