REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st August 2022 |
for |
Humber Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st August 2022 |
for |
Humber Properties Limited |
Humber Properties Limited (Registered number: 04685754) |
Contents of the Financial Statements |
for the year ended 31st August 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Humber Properties Limited |
Company Information |
for the year ended 31st August 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Princes House |
Wright Street |
Hull |
East Yorkshire |
HU2 8HX |
BANKERS: |
3 - 4 Jameson Street |
Hull |
HU1 3JX |
Humber Properties Limited (Registered number: 04685754) |
Abridged Balance Sheet |
31st August 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Humber Properties Limited (Registered number: 04685754) |
Abridged Balance Sheet - continued |
31st August 2022 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Humber Properties Limited (Registered number: 04685754) |
Notes to the Financial Statements |
for the year ended 31st August 2022 |
1. | STATUTORY INFORMATION |
Humber Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Government grants |
Government grants are recognised using the accruals model. |
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. |
Grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the assets to which they relate. |
A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs, is credited to income in the period in which it becomes receivable. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Humber Properties Limited (Registered number: 04685754) |
Notes to the Financial Statements - continued |
for the year ended 31st August 2022 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st September 2021 |
and 31st August 2022 |
AMORTISATION |
At 1st September 2021 |
and 31st August 2022 |
NET BOOK VALUE |
At 31st August 2022 |
At 31st August 2021 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st September 2021 |
and 31st August 2022 |
DEPRECIATION |
At 1st September 2021 |
Charge for year |
At 31st August 2022 |
NET BOOK VALUE |
At 31st August 2022 |
At 31st August 2021 |
Humber Properties Limited (Registered number: 04685754) |
Notes to the Financial Statements - continued |
for the year ended 31st August 2022 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st September 2021 |
Revaluations | 1,250,000 |
At 31st August 2022 |
NET BOOK VALUE |
At 31st August 2022 |
At 31st August 2021 |
Fair value at 31st August 2022 is represented by: |
£ |
Valuation in 2005 | 1,483,865 |
Valuation in 2012 | (136,482 | ) |
Valuation in 2014 | (2,742,933 | ) |
Valuation in 2016 | 1,503,663 |
Valuation in 2020 | 1,700,000 |
Valuation in 2022 | 1,250,000 |
Cost | 6,941,888 |
10,000,001 |
The directors are of the opinion that the current property values show a true and fair view of the value of the property. |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2022 | 2021 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2022 | 2021 |
£ | £ |
Bank loans |
The bank loans and mortgages are secured over the properties concerned. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 |