HANOVER_CHASE_PROPERTIES_ - Accounts


Company registration number 09305238 (England and Wales)
HANOVER CHASE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
PAGES FOR FILING WITH REGISTRAR
HANOVER CHASE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HANOVER CHASE PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2021
30 September 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,328
2,939
Current assets
Cash at bank and in hand
94,825
88,314
Creditors: amounts falling due within one year
5
(87,738)
(76,056)
Net current assets
7,087
12,258
Total assets less current liabilities
9,415
15,197
Creditors: amounts falling due after more than one year
6
(9,333)
(12,000)
Net assets
82
3,197
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(18)
3,097
Total equity
82
3,197

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 June 2022 and are signed on its behalf by:
Mr James Jayson
Director
Company Registration No. 09305238
HANOVER CHASE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 2 -
1
Accounting policies
Company information

Hanover Chase Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is .

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents amounts receivable for management fees and services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance basis
Computer equipment
20% reducing balance basis
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Total
2
2
HANOVER CHASE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 3 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 October 2020 and 30 September 2021
2,166
6,510
8,676
Depreciation and impairment
At 1 October 2020
1,689
4,048
5,737
Depreciation charged in the year
119
492
611
At 30 September 2021
1,808
4,540
6,348
Carrying amount
At 30 September 2021
358
1,970
2,328
At 30 September 2020
477
2,462
2,939
5
Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
-
0
87
Other creditors
87,738
75,969
87,738
76,056
6
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
9,333
12,000

 

7
Control

The company was under the control of the directors at the year end date and the preceding year.

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