Hymec Properties And Leasing Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12265475 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Hymec Properties And Leasing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F K Williams

REGISTERED OFFICE:

C/o Mark Holt & Co 7 Sandy Court Ashleig

Langage Business Park

Plymouth

PL7 5JX

REGISTERED NUMBER:

12265475 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

2,140,461

2,137,740

CURRENT ASSETS

Debtors

6

2,416

100

Cash at bank

146,313

140,291

148,729

140,391

CREDITORS

Amounts falling due within one year

7

(1,013,621

)

(962,547

)

NET CURRENT LIABILITIES

(864,892

)

(822,156

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,275,569

1,315,584

CREDITORS

Amounts falling due after more than one year

8

(1,265,625

)

(1,265,625

)

NET ASSETS

9,944

49,959

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

9,844

49,859

SHAREHOLDERS' FUNDS

9,944

49,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 January 2023 and were signed by:

F K Williams - Director

1.	STATUTORY INFORMATION

Hymec Properties And Leasing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

4% on cost

Plant and machinery etc

-

10% to 25% on reducing balance

Freehold property rented to fellow group company has been accounted under the cost model.

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.

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 NIL (2021 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2021

2,055,790

126,050

2,181,840

Additions

-

56,940

56,940

Disposals

-

(13,440

)

(13,440

)

At 30 June 2022

2,055,790

169,550

2,225,340

DEPRECIATION

At 1 July 2021

32,892

11,208

44,100

Charge for year

16,446

25,488

41,934

Eliminated on disposal

-

(1,155

)

(1,155

)

At 30 June 2022

49,338

35,541

84,879

NET BOOK VALUE

At 30 June 2022

2,006,452

134,009

2,140,461

At 30 June 2021

2,022,898

114,842

2,137,740

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Other debtors

2,416

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade creditors

5,372

-

Amounts owed to group undertakings

1,006,499

962,547

Other creditors

1,750

-

1,013,621

962,547

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans

1,265,625

1,265,625

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,265,625

1,265,625

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.22

30.6.21

£

£

Bank loans

1,265,625

1,265,625

Bank loan is secured by a fixed and floating charge over the property situated at Plymbridge Road, Plymouth.

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.6.22

30.6.21

value:

£

£

100

Share capital 1

1

100

100

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.