HOUNSLOW ESTATES LIMITED

HOUNSLOW ESTATES LIMITED

HOUNSLOW ESTATES LIMITED - Company Information

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HOUNSLOW ESTATES LIMITED

Company Registration Number:
03849740 (England and Wales)

Unaudited abridged accounts for the year ended 05 April 2020

Period of accounts

Start date: 06 April 2019

End date: 05 April 2020

HOUNSLOW ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 05 April 2020

Balance sheet
Notes

HOUNSLOW ESTATES LIMITED

Balance sheet

As at 05 April 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 4,258,287 3,790,281
Total fixed assets: 4,258,287 3,790,281
Current assets
Debtors: 4 195,043 194,151
Cash at bank and in hand: 127,856 397,216
Total current assets: 322,899 591,367
Creditors: amounts falling due within one year: 5 (984,867) (1,027,077)
Net current assets (liabilities): (661,968) (435,710)
Total assets less current liabilities: 3,596,319 3,354,571
Total net assets (liabilities): 3,596,319 3,354,571
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,596,219 3,354,471
Shareholders funds: 3,596,319 3,354,571

The notes form part of these financial statements

HOUNSLOW ESTATES LIMITED

Balance sheet statements

For the year ending 5 April 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 June 2021
and signed on behalf of the board by:

Name: S R Khan
Status: Director

The notes form part of these financial statements

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Turnover represents Rents received from Residential Lettings and the invoiced value of accommodation and services provided by the company to Local Authorities, net of value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for company's own use are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives on a reducing balance basis at rates of 10% - 20% per annum.At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If such an indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Other accounting policies

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.There is no deferred tax.

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2020

2. Employees

2020 2019
Average number of employees during the period 9 9

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2020

3. Tangible Assets

Total
Cost £
At 06 April 2019 3,909,975
Additions 472,731
At 05 April 2020 4,382,706
Depreciation
At 06 April 2019 119,694
Charge for year 4,725
At 05 April 2020 124,419
Net book value
At 05 April 2020 4,258,287
At 05 April 2019 3,790,281

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 195,043 194,151

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2020

5. Creditors: amounts falling due within one year note

Year end 2019/20Trade creditors £46,180Managing Partnership £77,365Kedaire Investments Limited £687,834S & S Khan Limited £74,870Corporation tax £57,653Other taxes £10,920Other creditors & accruals £30,045Total £984,867