Hapco Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03822770 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

HAPCO LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Purchase

H A Purchase

SECRETARY:

H A Purchase

REGISTERED OFFICE:

395 St Albans Road West

Hatfield

Hertfordshire

AL10 9RU

REGISTERED NUMBER:

03822770 (England and Wales)

ACCOUNTANT:

M P Dorling BA(Hons.) ACA ATII

The Firs

Levens Green

Old Hall Green

Ware

Hertfordshire

SG11 1HD

FIXED ASSETS

Tangible assets

4

1,703

2,028

Investment property

5

1,222,455

1,222,455

1,224,158

1,224,483

CURRENT ASSETS

Debtors

6

255

155

Cash at bank

2,342

2,059

2,597

2,214

CREDITORS

Amounts falling due within one year

7

624,221

639,777

NET CURRENT LIABILITIES

(621,624

)

(637,563

)

TOTAL ASSETS LESS CURRENT LIABILITIES

602,534

586,920

PROVISIONS FOR LIABILITIES

20,222

20,222

NET ASSETS

582,312

566,698

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

277,811

277,811

Retained earnings

304,401

288,787

582,312

566,698

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2022 and were signed on its behalf by:

C J Purchase - Director

1.	STATUTORY INFORMATION

Hapco 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.	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 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.

Plant and machinery etc

-

25% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

17,945

Additions

713

At 30 April 2022

18,658

DEPRECIATION

At 1 May 2021

15,917

Charge for year

1,038

At 30 April 2022

16,955

NET BOOK VALUE

At 30 April 2022

1,703

At 30 April 2021

2,028

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2021

and 30 April 2022

1,222,455

NET BOOK VALUE

At 30 April 2022

1,222,455

At 30 April 2021

1,222,455

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

255

155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

4,844

6,794

Other creditors

619,377

632,983

624,221

639,777

8.

RESERVES

Fair

value

reserve

£

At 1 May 2021

and 30 April 2022

277,811