Hench Property Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14040684 (England and Wales)

Unaudited Financial Statements

for the Period 12 April 2022 to 30 April 2023

for

Hench Property Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

120,000

Current assets

Cash at bank

1,081

Creditors

Amounts falling due within one year

5

(38,025

)

Net current liabilities

(36,944

)

Total assets less current liabilities

83,056

Creditors

Amounts falling due after more than one year

6

(83,000

)

Net assets

56

Capital and reserves

Called up share capital

8

100

Retained earnings

9

(44

)

56

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 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 7 March 2024 and were signed on its behalf by:

Charles Ewah - Director

I C Ewah - Director

H U Ewah - Director

1.	Statutory information

Hench Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14040684

Registered office:

81 Morgan Close

Leagrave

Luton

Bedfordshire

LU4 9GN

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.

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	Tangible fixed assets

Plant and

machinery

£

Cost

Additions

120,000

At 30 April 2023

120,000

Net book value

At 30 April 2023

120,000

5.

Creditors: amounts falling due within one year

£

Other creditors

37,325

Accrued expenses

700

38,025

6.

Creditors: amounts falling due after more than one year

£

Bank loans (see note 7)

83,000

7.

Loans

An analysis of the maturity of loans is given below:

£

Amounts falling due between one and two years:

Bank loans > 1 year

83,000

8.	Called up share capital

**	POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1

THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON

BALANCE SHEET

9.

Reserves

Retained

earnings

£

Deficit for the period

(44

)

At 30 April 2023

(44

)