Hamley Property (6) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09136729 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2021

for

Hamley Property (6) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A Gold

A D Diamant

SECRETARY:

A D Diamant

REGISTERED OFFICE:

5, Stirling Court

Stirling Way

Borehamwood

WD6 2FX

REGISTERED NUMBER:

09136729 (England and Wales)

CURRENT ASSETS

Debtors

4

452,649

452,898

Cash at bank

52,103

2,153

504,752

455,051

CREDITORS

Amounts falling due within one year

5

730,529

719,029

NET CURRENT LIABILITIES

(225,777

)

(263,978

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(225,777

)

(263,978

)

CREDITORS

Amounts falling due after more than one year

6

40,000

-

NET LIABILITIES

(265,777

)

(263,978

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(266,777

)

(264,978

)

SHAREHOLDERS' FUNDS

(265,777

)

(263,978

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2021 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 6 December 2021 and were signed on its behalf by:

L A Gold - Director

1.	STATUTORY INFORMATION

Hamley Property (6) 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.	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.

Going concern

The directors have considered whether the company has been affected by the economic impact and restrictions that have ensued following the Coronavirus pandemic.

At the time of approving these financial statements, there are significant uncertainties that company could not meet its debts and financial obligations as it is dependent on the support of its creditors.

In light of the significant uncertainties, the directors have decided to prepare the financial statements on a basis other than that of a going concern. In adopting this basis at the year end, the following policies and procedures were implemented:-

- all fixed assets are considered as realisable, hence classified as current assets.

- all assets have been disclosed at values at which they are expected to be realised.

- all liabilities reflect the full amount at which they are due.

Accordingly, the financial statements have been prepared on a basis other than going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.

DEBTORS

30.3.21

30.3.20

£

£

Amounts falling due within one year:

Other debtors

1,349

1,598

Amounts falling due after more than one year:

Other debtors

451,300

451,300

Aggregate amounts

452,649

452,898

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.21

30.3.20

£

£

Bank loans and overdrafts (see note 7)

10,000

-

Trade creditors

23,040

23,040

Other creditors

697,489

695,989

730,529

719,029

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.21

30.3.20

£

£

Bank loans (see note 7)

40,000

-

7.

LOANS

An analysis of the maturity of loans is given below:

30.3.21

30.3.20

£

£

Amounts falling due within one year or on demand:

Bank loans (Unsecured)

10,000

-

Amounts falling due between one and two years:

Bank loans 1-2years(Unsecured)

10,000

-

Amounts falling due between two and five years:

Bank loans 2-5years(Unsecured)

30,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.21

30.3.20

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000

9.	RELATED PARTY DISCLOSURES

The following amounts were outstanding at the reporting end date:

2021

2020

£

£

Amounts due to related parties

Entities with control, joint-control or significant influence over the company or connected with directors

520,189

518,589

Amounts due from related parties

Entities with control, joint-control or significant influence over the company or connected with directors

451,300

451,100

These loans are unsecured, interest free and are repayable on demand.