HHD Developments Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07259221 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2023

for

HHD Developments Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

T C L Hall

T B M David

A R Howell

S A Howell

Registered office:

Lloyd George House

Fordshill Road

Rotherwas Industrial Estate

Hereford

HR2 6NS

Registered number:

07259221 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Investment property

5

599,871

599,871

CURRENT ASSETS

Debtors

21,715

4,019

Cash at bank

1,803

21,765

23,518

25,784

CREDITORS

Amounts falling due within one year

(63,019

)

(100,714

)

NET CURRENT LIABILITIES

(39,501

)

(74,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

560,370

524,941

CREDITORS

Amounts falling due after more than one year

6

(348,905

)

(378,316

)

NET ASSETS

211,465

146,625

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

210,465

145,625

SHAREHOLDERS' FUNDS

211,465

146,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:

S A Howell - Director

1.	STATUTORY INFORMATION

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

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Profit and Loss Account, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - NIL ) .

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 June 2022

and 31 May 2023

599,871

Net book value

At 31 May 2023

599,871

At 31 May 2022

599,871

No adjustments are considered necessary to the carrying value of the investment properties as the directors consider that the fair values are unchanged in the period under review.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2023

2022

£

£

Repayable by instalments

Bank loans payable after more than 5 years by instalments

288,351

308,958

7.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

377,359

404,757

National Westminster bank PLC has a mortgage debenture incorporating a fixed and floating charge over the investment property held in the company.

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2023

2022

value:

£

£

1,000

Share capital 1

£1.00

1,000

1,000