H 22 Limited - Accounts to registrar (filleted) - small 18.2

H 22 Limited - Accounts to registrar (filleted) - small 18.2

H 22 LIMITED - Company Information

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REGISTERED NUMBER: 04250704 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

H 22 LIMITED
William Evans & Partners
20 Harcourt Street
London
W1H 4HG








H 22 LIMITED (REGISTERED NUMBER: 04250704)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H 22 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2019







DIRECTOR: D Hardaker





REGISTERED OFFICE: Doone
Ridgemount Road
Ascot
Berkshire
SL5 9RL





REGISTERED NUMBER: 04250704 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG
Page 1
H 22 LIMITED (REGISTERED NUMBER: 04250704)

BALANCE SHEET
31 JULY 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 3 3,894 4,199
Investments 4 100,100 100,100
103,994 104,299

CURRENT ASSETS
Stocks 3,780,542 4,756,742
Debtors 5 2,823,008 1,267,791
Cash at bank 202,173 883,940
6,805,723 6,908,473
CREDITORS
Amounts falling due within one year 6 (1,541,486 ) (1,501,047 )
NET CURRENT ASSETS 5,264,237 5,407,426
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,368,231
5,511,725

CREDITORS
Amounts falling due after more than one year 7 (4,437,500 ) (4,587,500 )
NET ASSETS 930,731 924,225

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 930,729 924,223
SHAREHOLDERS' FUNDS 930,731 924,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
H 22 LIMITED (REGISTERED NUMBER: 04250704)

BALANCE SHEET - continued
31 JULY 2019


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 director on 17 April 2020 and were signed by:





D Hardaker - Director


The notes form part of these financial statements

Page 3
H 22 LIMITED (REGISTERED NUMBER: 04250704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019

1. STATUTORY INFORMATION

H 22 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.

Tangible fixed assets
Tangible fixed assets are recognised at original cost and are written off over their estimated useful life by equal annual
instalments.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Work in progress
Work in progress is the cost of incomplete projects, and is stated at the lower of cost or net realisable value. Profit is taken on
the sale of completed projects.

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.

Revenue recognition
Revenue is measured as the fair value of the consideration received or receivable and represents amounts receivable in respect
of sales of development properties and in respect of the rent on development properties which are leased whilst awaiting sale.
Rental income is recognised evenly on the basis of the total rent payable over the lease term.

Page 4 continued...
H 22 LIMITED (REGISTERED NUMBER: 04250704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2018 11,840
Additions 1,731
At 31 July 2019 13,571
DEPRECIATION
At 1 August 2018 7,641
Charge for year 2,036
At 31 July 2019 9,677
NET BOOK VALUE
At 31 July 2019 3,894
At 31 July 2018 4,199

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2018
and 31 July 2019 100,100
NET BOOK VALUE
At 31 July 2019 100,100
At 31 July 2018 100,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 38,033 37,696
Other debtors 2,784,975 1,230,095
2,823,008 1,267,791

Included in other debtors is £1,994,145 due by subsidiary companies ( 31 July 2018: £1,154,526) which is not receivable
within one year.

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H 22 LIMITED (REGISTERED NUMBER: 04250704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 165,000 165,000
Trade creditors 99,030 128,659
Taxation and social security 57,923 54,312
Other creditors 1,219,533 1,153,076
1,541,486 1,501,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Bank loans 4,437,500 4,587,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,927,500 3,927,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 4,602,500 4,752,500

The bank loans are secured by mortgage against certain of the company' development properties, and by fixed and floating
charge against all other assets of the company.

9. RELATED PARTY DISCLOSURES

The company has received loans from and made loans to four group companies. All of the companies were and are ultimately
controlled by Mr D A Hardaker. At 31st July 2019 the balances due by these companies was as follows: by H22 Investments
Limited £1,685,537.65 ( 31st July 2018: £658,072; by H22 Wimbledon Limited: £373,923 ( 31st July 2018: £496,454); and to
H22 Donlin Limited £118,143 ( 31st July 2018: £ Nil). The company has received loans from H22 Delta Limited and at 31st
July 2019 owed £467,059 ( 31st July 2018: £463,558). These loans are unsecured and repayable on demand. H22 Limited has
received loans from an associated company controlled by Mr D A Hardaker, Hardaker UK Limited. The balance due to this
company at 31st July 2019 was £189,767 ( 31st July 2018: £189,767 ).

The company has bank loans which are secured against its own properties and also those of other group companies

Mr D A Hardaker, the director and controlling party, has received loans from the company during the year and at 31st July
2018 owed £487,758 ( 31st July 2018: was owed £27,353). This debt has since been rapid in full.

Page 6 continued...
H 22 LIMITED (REGISTERED NUMBER: 04250704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D A Hardaker, the sole director, by virtue of his 85% shareholding.

Page 7