Hacho Limited - Accounts to registrar (filleted) - small 18.2

Hacho Limited - Accounts to registrar (filleted) - small 18.2

HACHO LIMITED - Company Information

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REGISTERED NUMBER: 06558737 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

HACHO LIMITED
HACHO LIMITED (REGISTERED NUMBER: 06558737)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HACHO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: L Diez De Onate





REGISTERED OFFICE: Flat C
20 St Charles Square
London
W10 6EE





REGISTERED NUMBER: 06558737 (England and Wales)





ACCOUNTANTS: IGD Accounting Services Limited
29a High Street
West Wickham
Kent
BR4 0LP
Page 1
HACHO LIMITED (REGISTERED NUMBER: 06558737)

BALANCE SHEET
31 MARCH 2020

31.3.20 31.3.19
Notes £    £   
CURRENT ASSETS
Debtors 4 433,090 472,023
Investments 5 350,000 50,000
Cash at bank 53 81,444
783,143 603,467
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
6
721,710
410,804
NET CURRENT ASSETS 61,433 192,663
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,433
192,663

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR
7
86,158
128,358
NET (LIABILITIES)/ASSETS (24,725 ) 64,305

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (24,726 ) 64,304
SHAREHOLDERS' FUNDS (24,725 ) 64,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2021 and were signed by:



L Diez De Onate - Director


The notes form part of these financial statements

Page 2
HACHO LIMITED (REGISTERED NUMBER: 06558737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Hacho 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 96,697 6,814
Other debtors 336,393 465,209
433,090 472,023

5. CURRENT ASSET INVESTMENTS
31.3.20 31.3.19
£    £   
Unlisted investments 350,000 50,000

Page 3 continued...
HACHO LIMITED (REGISTERED NUMBER: 06558737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade creditors 228,428 -
Taxation and social security 50,739 16,188
Other creditors 442,543 394,616
721,710 410,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.20 31.3.19
£    £   
Other creditors 86,158 128,358

8. RELATED PARTY DISCLOSURES

As at 31 March 2020 the company was owed £28,505 (2019:£53,200) by Argentum Realty Ltd a company in which L. Diez De Onate is the sole director and shareholder.

As at 31 March 2020 the company was owed £4,321 (2019:£225) by Argentum Property Ltd a company in which L. Diez De Onate is a director and shareholder.

As at 31 March 2020 the company was owed £7,933 (2019:£7,033) by Chess Rook Properties Ltd a company in which L. Diez De Onate is a director and shareholder.

As at 31 March 2020 the company was owed £1,706 (2019:£1,706) by Chess Real Estate Finance Ltd a company controlled by L. Diez De Onate.

As at 31 March 2020 the company owed £40,705 (2019:£64,700) to Argentum Investments Ltd a company in which L. Diez De Onate is a director and shareholder.

As at 31 March 2020 the company owed £123,529 (2019:£144,365) to Pichu Realty & Finance Ltd a company in which L. Diez De Onate is a director and shareholder.

As at 31 March 2020 the company owed £52,661 (2019:£94,815) to Chess Investment Club Ltd a company in which L. Diez De Onate is the sole director and shareholder.

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