John Haider Building Management Co Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03112189 (England and Wales)

JOHN HAIDER BUILDING MANAGEMENT

COMPANY LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

Directors:

P C Cheong

R Cheong

Mrs P De Santos

Registered office:

Cedar Cottage

2a Overbury Road

Hereford

HR1 1JE

Registered number:

03112189 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

3rd Floor

Broadway House

32-35 Broad Street

Hereford

Herefordshire

HR4 9AR

Current assets

Debtors

4

67,733

42,195

Creditors

Amounts falling due within one year

5

19,921

1,200

Net current assets

47,812

40,995

Total assets less current liabilities

47,812

40,995

Capital and reserves

Called up share capital

28

28

Retained earnings

47,784

40,967

47,812

40,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 March 2024 and were signed on its behalf by:

P C Cheong - Director

1.	Statutory information

John Haider Building Management Company 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.

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.

3.	Employees and directors

The average number of employees during the year was 3 (2022 - NIL ) .

4.

Debtors: amounts falling due within one year

2023

2022

£

£

Trade debtors

60,080

34,542

Other debtors

7,653

7,653

67,733

42,195

5.

Creditors: amounts falling due within one year

2023

2022

£

£

Trade creditors

-

600

Other creditors

19,921

600

19,921

1,200

6.	Related party disclosures

At the year end the company has an outstanding loan balance of £19021 (2022: £14,399) owed to Hereford Estates Ltd, who have mutual shareholders.

At the year end the company has an outstanding loan balance of £57,680 (2022: £46,880) owed by the executors of the estate of the late Mrs N Haider for which this building management company operates.

The loans are interest free and repayable on demand.