Hanbridge Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03114408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

HANBRIDGE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O P Aggarwal

S Gupta

SECRETARY:

O P Aggarwal

REGISTERED OFFICE:

13-15 Richmond Grove

Longsight

Manchester

M13 0LN

REGISTERED NUMBER:

03114408 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

BANKERS:

HSBC

P O Box 360

100 King Street

Manchester

M60 2HD

FIXED ASSETS

Tangible assets

3

418

523

Investment property

4

450,000

264,213

450,418

264,736

CURRENT ASSETS

Cash at bank

1,565

1,953

CREDITORS

Amounts falling due within one year

5

215,490

215,740

NET CURRENT LIABILITIES

(213,925

)

(213,787

)

TOTAL ASSETS LESS CURRENT LIABILITIES

236,493

50,949

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

6

185,787

-

Retained earnings

49,706

49,949

SHAREHOLDERS' FUNDS

236,493

50,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 December 2018 and were signed on its behalf by:

O P Aggarwal - Director

S Gupta - Director

1.	STATUTORY INFORMATION

Hanbridge Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

The fair value adjustment, net of any tax effect, is transferred to a fair value reserve which is a non

distributable reserve.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

6,022

DEPRECIATION

At 1 April 2017

5,499

Charge for year

105

At 31 March 2018

5,604

NET BOOK VALUE

At 31 March 2018

418

At 31 March 2017

523

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

264,213

Revaluations

185,787

At 31 March 2018

450,000

NET BOOK VALUE

At 31 March 2018

450,000

At 31 March 2017

264,213

Fair value at 31 March 2018 is represented by:

£

Valuation in 2018

185,787

Cost

264,213

450,000

If Investment property had not been revalued it would have been included at the following historical

cost:

2018

2017

£

£

Cost

264,313

264,313

Investment property was valued on an open market basis basis on 23 March 2018 by Bentley Higgs LLP, Chartered Surveyors

.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

6,583

6,853

Other creditors

208,907

208,887

215,490

215,740

6.

RESERVES

Fair

value

reserve

£

Transfer from profit and loss

185,787

At 31 March 2018

185,787

7.	RELATED PARTY DISCLOSURES