Company Registration No. 12353870 (England and Wales)
HUNTINGDON PROPERTIES 1 LIMITED
Unaudited accounts
for the year ended 31 December 2021
HUNTINGDON PROPERTIES 1 LIMITED
Unaudited accounts
Contents
HUNTINGDON PROPERTIES 1 LIMITED
Company Information
for the year ended 31 December 2021
Director
Warjinder Singh KHAMBA
Company Number
12353870 (England and Wales)
Registered Office
25 LLANBERIS GROVE LLANBERIS GROVE
NOTTINGHAM
NG8 5DP
ENGLAND
Accountants
Sajjad Hussain
Unit 46, Nottingham Business Centres
Lenton Boulevard
Nottingham
NG7 2BY
HUNTINGDON PROPERTIES 1 LIMITED
Statement of financial position
as at 31 December 2021
Investment property
4,103,246
1,212,237
Cash at bank and in hand
1,104
6,470
Creditors: amounts falling due within one year
(4,035)
(1,058)
Net current assets
1,214,939
57,887
Total assets less current liabilities
5,318,185
1,270,124
Creditors: amounts falling due after more than one year
(3,242,043)
(1,268,604)
Provisions for liabilities
Net assets
1,676,151
1,520
Called up share capital
100
100
Profit and loss account
1,676,051
1,420
Shareholders' funds
1,676,151
1,520
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2022 and were signed on its behalf by
Warjinder Singh KHAMBA
Director
Company Registration No. 12353870
HUNTINGDON PROPERTIES 1 LIMITED
Notes to the Accounts
for the year ended 31 December 2021
HUNTINGDON PROPERTIES 1 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12353870. The registered office is 25 LLANBERIS GROVE LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 January 2021
1,212,237
Net gain from fair value adjustments
2,105,213
At 31 December 2021
4,103,246
HUNTINGDON PROPERTIES 1 LIMITED
Notes to the Accounts
for the year ended 31 December 2021
Amounts falling due within one year
Accrued income and prepayments
10,000
-
Amounts falling due after more than one year
Other debtors
1,206,220
50,000
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
333
333
Loans from directors
500
500
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
2,439,493
703,906
Other creditors
802,550
564,698
8
Deferred taxation
2021
2020
Revaluation of investment property
399,991
-
Charged to the profit and loss account
399,991
-
Provision at end of year
399,991
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).
