Company registration number:
07782673
HHL Property Management (UK) Limited
Unaudited filleted financial statements
31 March 2023
HHL Property Management (UK) Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
HHL Property Management (UK) Limited
Directors and other information
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Director |
Neil Lussey |
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Company number |
07782673 |
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Registered office |
377-379 Hoylake Road |
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Moreton |
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Wirral |
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CH46 0RW |
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Accountant |
Hailwood & Co. |
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392-394 Hoylake Road |
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Moreton |
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Wirral |
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CH46 6DF |
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HHL Property Management (UK) Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of HHL Property Management (UK) Limited
Year ended 31 March 2023
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2023, as set out on pages 5 to 9.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
22 December 2023
HHL Property Management (UK) Limited
Statement of financial position
31 March 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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6 |
19,471 |
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20,325 |
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_______ |
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_______ |
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19,471 |
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20,325 |
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Current assets |
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Debtors |
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7 |
37,476 |
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48,720 |
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_______ |
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_______ |
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37,476 |
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48,720 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
33,822) |
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(
35,353) |
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_______ |
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_______ |
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Net current assets |
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3,654 |
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13,367 |
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_______ |
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Total assets less current liabilities |
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23,125 |
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33,692 |
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Creditors: amounts falling due |
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after more than one year |
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9 |
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(
22,521) |
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(
32,473) |
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_______ |
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Net assets |
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604 |
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1,219 |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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504 |
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1,119 |
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_______ |
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Shareholders funds |
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604 |
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1,219 |
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_______ |
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_______ |
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For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2023
, and are signed on behalf of the board by:
Neil Lussey
Director
Company registration number:
07782673
HHL Property Management (UK) Limited
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 377-379 Hoylake Road, Moreton, Wirral, CH46 0RW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents amounts receivable for services rendered, stated net of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.Current tax is recognised on taxable profit at tax rates and laws enacted at the reporting date.Deferred tax is recognised in respect of all material timing differences at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
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25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2022:
4
).
8.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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16,339 |
15,844 |
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Corporation tax |
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8,488 |
8,789 |
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Social security and other taxes |
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7,915 |
10,000 |
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Other creditors |
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1,080 |
720 |
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_______ |
_______ |
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33,822 |
35,353 |
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_______ |
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9.
Creditors: amounts falling due after more than one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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22,521 |
32,473 |
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_______ |
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10.
Controlling party
The company is controlled by the director whose name is shown on the directors report.
11.
Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.