Hilbirio Properties Limited,Ltd - AccountsLtd - Accounts
Hilbirio Properties Limited,Ltd - AccountsLtd - Accounts
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 : |
As at |
Hilbirio Properties Limited
Statement of Financial Position
£ |
£ |
2019
2020
Notes |
Fixed assets |
Property, plant and equipment |
2
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 |
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 |
Retained earnings |
(79,957 )
(171,595 )
(79,955 )
(171,593 )
Shareholders' funds
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. |
These financial statements were approved and authorised for issue by the Board on |
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
Property, plant and equipment
Plant and machinery
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 |
At 31 May 2020 |
Provision for depreciation and impairment |
At 01 June 2019 |
Charge for year
At 31 May 2020 |
At 31 May 2020 |
Net book value |
At 31 May 2019 |
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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 |
Other creditors |
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 |
Other creditors |
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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