Hana Properties Limited - Accounts

Hana Properties Limited - Accounts

HANA PROPERTIES LIMITED - Company Information

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Registered Number: 12518119
England and Wales

 

 

 

HANA PROPERTIES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Hana Properties Limited
Contents Page
For the year ended 31 March 2022
Accountants report

You consider that the company is exempt from an audit for the year ended 31 March 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
RCi Chartered Accountants and Business Advisors
Windsor House
9-15 Adelaide Street
Luton
LU1 5BJ
30 March 2023
1
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Investments 302,000    302,000 
302,000    302,000 
Current assets      
Debtors 67,326    17,740 
Cash at bank and in hand 30,427    99,103 
97,753    116,843 
Creditors: amount falling due within one year (24,776)   (35,271)
Net current assets 72,977    81,572 
 
Total assets less current liabilities 374,977    383,572 
Creditors: amount falling due after more than one year (400,554)   (401,502)
Net liabilities (25,577)   (17,930)
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account (26,577)   (18,930)
Shareholder's funds (25,577)   (17,930)
 


For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 March 2023 and were signed on its behalf by:


--------------------------------
Samad Ali
Director
2
General Information
Hana Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12518119, registration address 170 Westminster Way, Oxford, OX2 0LR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Name of the properties  Total
£
Sherbourne House: Flat- 8147,000 
Weavers Court: Flat- 5155,000 
302,000 


Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 2 (2021 : 2).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2021 -    - 
Additions -    - 
Transfer to/from Tangible fixed assets 0    0 
Disposals -    - 
At 31 March 2022 -    - 

4.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

3