Hanada Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10704459 (England and Wales)

Financial Statements

for the Year Ended 30 April 2021

for

Hanada Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

David Neil Shaw

REGISTERED OFFICE:

Pacific House

Imperial Way

Reading

Berkshire

RG2 0TD

BUSINESS ADDRESS:

4 Jarvis Close

Eversley

Hampshire

RG27 0ND

REGISTERED NUMBER:

10704459 (England and Wales)

ACCOUNTANTS:

Campbell Parker

Pacific House

Imperial Way

Reading

Berkshire

RG2 0TD

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

100

-

100

-

CURRENT ASSETS

Debtors

6

17,317

18,672

Cash at bank

3,877

2,232

21,194

20,904

CREDITORS

Amounts falling due within one year

7

21,088

20,579

NET CURRENT ASSETS

106

325

TOTAL ASSETS LESS CURRENT LIABILITIES

206

325

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

106

225

SHAREHOLDERS' FUNDS

206

325

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2022 and were signed by:

David Neil Shaw - Director

1.	STATUTORY INFORMATION

Hanada Solutions 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.

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.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2020

and 30 April 2021

940

DEPRECIATION

At 1 May 2020

and 30 April 2021

940

NET BOOK VALUE

At 30 April 2021

-

At 30 April 2020

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 30 April 2021

100

NET BOOK VALUE

At 30 April 2021

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hanada Properties Limited

Registered office: Pacific House, Imperial Way, Reading. RG2 0TD

Nature of business: Property ownership & rental

%

Class of shares:

holding

Ordinary

100.00

30.4.20

£

Aggregate capital and reserves

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

7,000

3,125

Directors' current accounts

10,317

15,547

17,317

18,672

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Tax

16,908

16,956

VAT

3,460

2,903

Accrued expenses

720

720

21,088

20,579

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.21

30.4.20

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 May 2020

225

Profit for the year

72,081

Dividends

(72,200

)

At 30 April 2021

106

10.	CONTINGENT LIABILITIES

As a consequence of the loan advance to the director a potential tax liability of £5,052.78 would arise if the loan remains outstanding for more than nine months following the year end date. No provision for this liability has been made as the director has indicated that full repayment of the loan will be made prior to the expiry of the nine month period.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2021 and 30 April 2020:

30.4.21

30.4.20

£

£

David Neil Shaw

Balance outstanding at start of year

15,547

(66

)

Amounts advanced

77,379

104,718

Amounts repaid

(82,609

)

(89,105

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,317

15,547

The company operates from premises owned by the director. A payment of £900.00 (2020 - £900.00) was made by the company as a contribution towards all the premises costs incurred by him and for which the company has received some benefit.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,540 (2020 - £55,650) were paid to the director .

13.	ULTIMATE CONTROLLING PARTY

The controlling party is David Neil Shaw.