Hatton Properties UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06579825 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

HATTON PROPERTIES UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Liebermann

SECRETARY:

M Sanger

REGISTERED OFFICE:

595 Holloway Road

Holloway

London

N19 4DJ

REGISTERED NUMBER:

06579825 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

2,979

3,504

Investment property

6

1,200,000

1,200,000

1,202,979

1,203,504

CURRENT ASSETS

Debtors

7

5,000

5,000

Cash at bank

8,223

2,436

13,223

7,436

CREDITORS

Amounts falling due within one year

8

(161,768

)

(153,532

)

NET CURRENT LIABILITIES

(148,545

)

(146,096

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,054,434

1,057,408

CREDITORS

Amounts falling due after more than one year

9

(365,730

)

(408,286

)

PROVISIONS FOR LIABILITIES

(38,262

)

(38,262

)

NET ASSETS

650,442

610,860

CAPITAL AND RESERVES

Called up share capital

12

2

2

Revaluation reserve

13

384,282

384,282

Retained earnings

13

266,158

226,576

SHAREHOLDERS' FUNDS

650,442

610,860

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 director acknowledges his 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 and authorized for issue by the director and authorised for issue on 17 January 2023 and were signed by:

J Liebermann - Director

1.	STATUTORY INFORMATION

Hatton Properties UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represent net rent receivable excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2021

and 30 April 2022

11,208

DEPRECIATION

At 1 May 2021

7,704

Charge for year

525

At 30 April 2022

8,229

NET BOOK VALUE

At 30 April 2022

2,979

At 30 April 2021

3,504

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2021

and 30 April 2022

1,200,000

NET BOOK VALUE

At 30 April 2022

1,200,000

At 30 April 2021

1,200,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

Fair value at 30 April 2022 is represented by:

£

Valuation in 2015

422,544

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

1,200,000

1,200,000

CLIENT SCREEN TOTAL

=

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Other debtors

5,000

5,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts (see note 10)

20,231

20,231

Taxation and social security

9,408

2,585

Other creditors

132,129

130,716

161,768

153,532

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans (see note 10)

322,983

358,286

Other creditors

42,747

50,000

365,730

408,286

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

42,747

50,000

Other creditors include £50,000 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10.

LOANS

An analysis of the maturity of loans is given below:

30.4.22

30.4.21

£

£

Amounts falling due within one year or on demand:

Bank loans

20,231

20,231

Amounts falling due between two and five years:

Bank loans - 2-5 years

322,983

358,286

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

42,747

50,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.22

30.4.21

£

£

Bank loans

343,214

378,517

Bank loan is secured against the companies investment property.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

2

Ordinary

£1

2

2

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2021

226,576

384,282

610,858

Profit for the year

39,582

39,582

At 30 April 2022

266,158

384,282

650,440