Company Registration No. 07612666 (England and Wales)
Hk Property Services Limited
Unaudited accounts
for the year ended 30 April 2026
Hk Property Services Limited
Unaudited accounts
Contents
Hk Property Services Limited
Company Information
for the year ended 30 April 2026
Directors
Douglas Hall
Thomas Kemp
Lucy Hall
Sarah Kemp
Company Number
07612666 (England and Wales)
Registered Office
37-39 Lime Street
London
EC3M 7AY
England
Accountants
B McGarr & Co Ltd
C112 - 326-338 Molesey Road
Hersham
KT12 3PD
Hk Property Services Limited
Statement of financial position
as at 30 April 2026
Tangible assets
36,316
46,039
Investments
6,865,217
4,755,867
Cash at bank and in hand
1,285,210
296,315
Creditors: amounts falling due within one year
(537,309)
(578,968)
Net current assets
1,248,716
300,647
Total assets less current liabilities
8,150,249
5,102,553
Creditors: amounts falling due after more than one year
(16,294)
(27,609)
Provisions for liabilities
Deferred tax
(1,270,643)
(768,716)
Net assets
6,863,312
4,306,228
Called up share capital
100
100
Revaluation reserve
4,717,033
2,717,684
Profit and loss account
2,146,179
1,588,444
Shareholders' funds
6,863,312
4,306,228
For the year ending 30 April 2026 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 directors acknowledge 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 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 of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by
Thomas Kemp
Director
Company Registration No. 07612666
Hk Property Services Limited
Notes to the Accounts
for the year ended 30 April 2026
Hk Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07612666. The registered office is 37-39 Lime Street, London, EC3M 7AY, England.
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 year, and also have been consistently applied within the same accounts.
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 amounts in these financial statements are rounded to the nearest £ 1.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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. At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Motor vehicles
20% on Cost
Fixtures & fittings
20% on Cost
Computer equipment
33% on Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Hk Property Services Limited
Notes to the Accounts
for the year ended 30 April 2026
The tax expense represents the sum of the tax currently payable and deferred tax.
Current Tax:
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred Tax:
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the
same tax authority.
Employee benefits and pension costs
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Hk Property Services Limited
Notes to the Accounts
for the year ended 30 April 2026
Current asset investments
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
The Directors confirm that they are satisfied that the Company has adequate resources to continue trading for the foreseeable future and, on this basis, they continue to adopt the going concern basis in preparing the financial statements.
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Intangible fixed assets
Goodwill
At 30 April 2026
2,885,000
At 30 April 2026
2,885,000
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2025
54,090
16,307
13,070
83,467
Additions
-
2,974
672
3,646
At 30 April 2026
54,090
19,281
13,742
87,113
At 1 May 2025
21,636
6,603
9,189
37,428
Charge for the year
10,818
1,576
975
13,369
At 30 April 2026
32,454
8,179
10,164
50,797
At 30 April 2026
21,636
11,102
3,578
36,316
At 30 April 2025
32,454
9,704
3,881
46,039
6
Investments
Other investments
Valuation at 1 May 2025
4,755,867
Fair value adjustments
2,050,947
Valuation at 30 April 2026
6,865,217
Other investments consist of marketable securities and cash.
Hk Property Services Limited
Notes to the Accounts
for the year ended 30 April 2026
Amounts falling due within one year
Trade debtors
282,470
350,957
Accrued income and prepayments
8,791
22,789
Other debtors
209,554
209,554
8
Creditors: amounts falling due within one year
2026
2025
Trade creditors
3,577
9,587
Taxes and social security
380,633
224,772
Loans from directors
21,651
211,651
9
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
16,294
27,609
10
Average number of employees
During the year the average number of employees was 9 (2025: 9).