Hilbirio Properties Limited,Ltd - AccountsLtd - Accounts

Hilbirio Properties Limited,Ltd - AccountsLtd - Accounts


2019-06-01 03259493 2020-05-31 03259493 2019-06-01 2020-05-31 03259493 2019-05-31 03259493 2018-06-01 2019-05-31 03259493 uk-core:WithinOneYear 2019-05-31 03259493 uk-core:WithinOneYear 2020-05-31 03259493 uk-core:AfterOneYear 2019-05-31 03259493 uk-core:AfterOneYear 2020-05-31 03259493 uk-core:ShareCapital 2020-05-31 03259493 uk-core:ShareCapital 2019-05-31 03259493 uk-core:RetainedEarningsAccumulatedLosses 2020-05-31 03259493 uk-core:RetainedEarningsAccumulatedLosses 2019-05-31 03259493 uk-bus:Director1 2019-06-01 2020-05-31 03259493 uk-core:PlantMachinery 2019-06-01 2020-05-31 03259493 uk-core:MotorCars 2019-06-01 2020-05-31 03259493 uk-core:MotorCars 2019-05-31 03259493 uk-core:PlantMachinery 2019-05-31 03259493 uk-core:Buildings 2019-05-31 03259493 uk-core:Buildings 2020-05-31 03259493 uk-core:PlantMachinery 2020-05-31 03259493 uk-core:MotorCars 2020-05-31 03259493 uk-core:Buildings 2019-06-01 2020-05-31 03259493 uk-core:WithinOneYear 2020-05-31 03259493 uk-core:WithinOneYear 2019-05-31 iso4217:GBP xbrli:pure 03259493 uk-bus:AuditExemptWithAccountantsReport 2019-06-01 2020-05-31 03259493 uk-bus:FRS102 2019-06-01 2020-05-31 03259493 uk-bus:FullAccounts 2019-06-01 2020-05-31 03259493 uk-bus:PrivateLimitedCompanyLtd 2019-06-01 2020-05-31
Hilbirio Properties Limited
Registered Number:03259493
For the year ended 31 May 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2020
Hilbirio Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03259493
As at 31 May 2020
Hilbirio Properties Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
261,849
263,592
2
261,849
263,592
Trade and other payables: amounts falling due within one
year
(99,600)
(102,457)
3
(99,600)
(102,457)
Net current liabilities
Total assets less current liabilities
159,392
163,992
Trade and other payables: amounts falling due after more
than one year
(335,585)
(239,347)
4
(79,955)
Net liabilities
(171,593)
Capital and reserves
Called up share capital
2
2
Retained earnings
(79,957)
(171,595)
(79,955)
(171,593)
Shareholders' funds
For the year ended 31 May 2020 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 of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr. Peter Noel Harris Director
These financial statements were approved and authorised for issue by the Board on 15 March 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2020
Hilbirio Properties Limited
Notes to the Financial Statements
Statutory Information
Hilbirio Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03259493.
Registered address:
Worlds End
Longley Green
Suckley
WR6 5DU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 June 2019
326,997
48,279
22,100
256,618
At 31 May 2020
256,618
22,100
48,279
326,997
Provision for depreciation and impairment
At 01 June 2019
63,405
41,446
21,959
-
Charge for year
1,743
1,708
35
-
At 31 May 2020
65,148
43,154
21,994
-
At 31 May 2020
Net book value
256,618
106
5,125
261,849
At 31 May 2019
256,618
141
6,833
263,592
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5
For the year ended 31 May 2020
Hilbirio Properties Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
101,512
98,655
Other creditors
945
945
102,457
99,600
4. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
11,702
103,069
Other creditors
227,645
232,516
239,347
335,585
5. Related party transactions
At 31 May 2020 the company was owed £11,702 by Pegasus Restorations Ltd a company in which Peter Noel Harris
was a Director.
The company also entered into transactions with Pegasus Traditional Joinery £85,374 and Pegasus Building
Renovations £5,992. Both Companies were dissloved in this accounting period.
The balances amounting to £91,367 were credited to the company's profit and loss account as "Exceptional Item"
6. Guarantees and other financial commitments
Guarantees and contingent assets and liabilities
Companies House have 6 charges registered against the company, these relate to LLoyds Bank, Barclays Bank
and Peter Noel Harris
7. Average number of persons employed
During the year the average number of employees was 0
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