Hanbridge Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03114408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

HANBRIDGE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O P Aggarwal

S Gupta

SECRETARY:

O P Aggarwal

REGISTERED OFFICE:

13-15 Richmond Grove

Longsight

Manchester

M13 0LN

REGISTERED NUMBER:

03114408 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

BANKERS:

HSBC

P O Box 360

100 King Street

Manchester

M60 2HD

FIXED ASSETS

Tangible assets

4

170

213

Investment property

5

475,000

475,000

475,170

475,213

CURRENT ASSETS

Cash at bank

3,815

2,422

CREDITORS

Amounts falling due within one year

6

217,616

216,463

NET CURRENT LIABILITIES

(213,801

)

(214,041

)

TOTAL ASSETS LESS CURRENT LIABILITIES

261,369

261,172

PROVISIONS FOR LIABILITIES

1,998

1,998

NET ASSETS

259,371

259,174

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

7

208,789

208,789

Retained earnings

49,582

49,385

SHAREHOLDERS' FUNDS

259,371

259,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 August 2022 and were signed on its behalf by:

O P Aggarwal - Director

S Gupta - Director

1.	STATUTORY INFORMATION

Hanbridge Properties 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 as modified by the revaluation of certain assets.

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

-

20% on reducing balance

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 April 2021

and 31 March 2022

6,022

DEPRECIATION

At 1 April 2021

5,809

Charge for year

43

At 31 March 2022

5,852

NET BOOK VALUE

At 31 March 2022

170

At 31 March 2021

213

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

475,000

NET BOOK VALUE

At 31 March 2022

475,000

At 31 March 2021

475,000

Fair value at 31 March 2022 is represented by:

£

Valuation in 2018

185,787

Valuation in 2020

25,000

Cost

264,213

475,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

8,075

7,597

Other creditors

209,541

208,866

217,616

216,463

7.

RESERVES

Fair

value

reserve

£

At 1 April 2021

and 31 March 2022

208,789

8.	RELATED PARTY DISCLOSURES