A2H2 Properties Limited - Accounts

A2H2 Properties Limited - Accounts

A2H2 PROPERTIES LIMITED - Company Information

Print Friendly Version

2022-10-01 2023-09-30 false Capium Accounts Production 1.1 12198885 bus:FullAccounts 2022-10-01 2023-09-30 12198885 bus:FRS102 2022-10-01 2023-09-30 12198885 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12198885 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12198885 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12198885 2022-10-01 2023-09-30 12198885 2023-09-30 12198885 bus:RegisteredOffice 2022-10-01 2023-09-30 12198885 core:WithinOneYear 2023-09-30 12198885 core:AfterOneYear 2023-09-30 12198885 bus:Director1 2022-10-01 2023-09-30 12198885 bus:Director1 2023-09-30 12198885 bus:Director1 2021-10-01 2022-09-30 12198885 bus:Director2 2022-10-01 2023-09-30 12198885 bus:Director2 2023-09-30 12198885 bus:Director2 2021-10-01 2022-09-30 12198885 2021-10-01 12198885 bus:CompanySecretary1 2022-10-01 2023-09-30 12198885 bus:LeadAgentIfApplicable 2022-10-01 2023-09-30 12198885 2021-10-01 2022-09-30 12198885 2022-09-30 12198885 core:WithinOneYear 2022-09-30 12198885 core:AfterOneYear 2022-09-30 12198885 bus:EntityAccountantsOrAuditors 2021-10-01 2022-09-30 12198885 core:FurnitureFittings 2022-10-01 2023-09-30 12198885 core:FurnitureFittings 2023-09-30 12198885 core:FurnitureFittings 2022-09-30 12198885 core:LandBuildings 2022-10-01 2023-09-30 12198885 core:LandBuildings 2023-09-30 12198885 core:LandBuildings 2022-09-30 12198885 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-09-30 12198885 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-09-30 12198885 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 12198885 core:CostValuation core:Non-currentFinancialInstruments 2022-09-30 12198885 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-09-30 12198885 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-09-30 12198885 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-09-30 12198885 core:Non-currentFinancialInstruments 2023-09-30 12198885 core:Non-currentFinancialInstruments 2022-09-30 12198885 core:ShareCapital 2023-09-30 12198885 core:ShareCapital 2022-09-30 12198885 core:RetainedEarningsAccumulatedLosses 2023-09-30 12198885 core:RetainedEarningsAccumulatedLosses 2022-09-30 12198885 dpl:Item1 2022-10-01 12198885 dpl:Item1 2023-09-30 12198885 dpl:Item1 2021-10-01 12198885 dpl:Item1 2022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12198885
England and Wales

 

 

 

A2H2 PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

A2H2 Properties Limited
Contents Page
For the year ended 30 September 2023
Directors Nishant Harish Shah
Prashant Arvindbhai Upadhyay
Registered Number 12198885
Registered Office 78 Turner Road
Edgware United Kingdom
HA8 6BH
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
Director's report and financial statements
The directors present annual report and the financial statements for the year ended 30 September 2023
Principal activities
The companys principal activity during the year was letting and operating of own or leased real estate.
Directors
The directors who served the company throughout the year were as follows:
Nishant Harish Shah
Prashant Arvindbhai Upadhyay
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Nishant Harish Shah
Director

Date approved: 03 May 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of A2H2 Properties Limited for the year ended 30 September 2023 . In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A2H2 Properties Limited for the year ended 30 September 2023, which comprise of 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 companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of A2H2 Properties Limited, as a body, in accordance with the terms of our engagement letter dated 26 December 2020 Our work has been undertaken solely to prepare for your approval the accounts of A2H2 Properties Limited and state those matters that we have agreed to state to the Board of Directors of A2H2 Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A2H2 Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A2H2 Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A2H2 Properties Limited. You consider that A2H2 Properties Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of A2H2 Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 30 September 2023



....................................................
3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
03 May 2024
3
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 721,414    723,241 
721,414    723,241 
Current assets      
Debtors 4 9,386    0 
Cash at bank and in hand 7,284    13,504 
16,670    13,504 
Creditors: amount falling due within one year 5 (173,573)   (167,227)
Net current assets (156,903)   (153,723)
 
Total assets less current liabilities 564,511    569,518 
Creditors: amount falling due after more than one year 6 (568,961)   (574,108)
Provisions for liabilities 7 (1,041)   (1,388)
Net assets (5,491)   (5,978)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (5,591)   (6,078)
Shareholder's funds (5,491)   (5,978)
 


For the year ended 30 September 2023 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 May 2024 and were signed on its behalf by:


-------------------------------
Nishant Harish Shah
Director
4
General Information
A2H2 Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12198885, registration address 78 Turner Road, Edgware United Kingdom, HA8 6BH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
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
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings No depreciation charged
Plant and machinery etc 25% on reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 October 2022 715,934    15,953    731,887 
Additions -    -    - 
Disposals -    -    - 
At 30 September 2023 715,934    15,953    731,887 
Depreciation
At 01 October 2022 -    8,646    8,646 
Charge for year -    1,827    1,827 
On disposals -    -    - 
At 30 September 2023 -    10,473    10,473 
Net book values
Closing balance as at 30 September 2023 715,934    5,480    721,414 
Opening balance as at 01 October 2022 715,934    7,307    723,241 

The net book value of Land and buildings includes £ 715,934 (2022 £715,934) in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2023
£		   2022
£
Bhagat Loan 5,000    0 
H2A2 Properties Limited 2,004    0 
UK Realty Ltd 2,382    0 
9,386    0 

5.

Creditors: amount falling due within one year

2023
£		   2022
£
Corporation Tax 461    928 
Advance Paid 1,200    1,200 
Deposit 10,528    10,060 
Nishant & Prashant Partnership 42,356    40,811 
UK HMO Services Ltd 49,300    50,000 
Director's Current Account - Nishant 37,306    34,556 
Director's Current Account - Prashant 32,422    29,672 
173,573    167,227 

6.

Creditors: amount falling due after more than one year

2023
£		   2022
£
Axiom Mortgage Solutions 528,408    528,025 
Bounce Back Loan 40,553    46,083 
568,961    574,108 

7.

Provisions for liabilities

2023
£		   2022
£
Deferred Tax 1,041    1,388 
1,041    1,388 

5