H. S. N. Properties (NW) Ltd - Accounts to registrar (filleted) - small 18.2

H. S. N. Properties (NW) Ltd

Unaudited Financial Statements for the Year Ended 31 January 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H Ali

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

08868346 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

1,054

1,406

Investment property

5

1,696,940

1,297,942

1,697,994

1,299,348

CURRENT ASSETS

Cash at bank and in hand

94,834

16,954

CREDITORS

Amounts falling due within one year

6

789,804

752,280

NET CURRENT LIABILITIES

(694,970

)

(735,326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003,024

564,022

PROVISIONS FOR LIABILITIES

170,810

95,000

NET ASSETS

832,214

469,022

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

7

728,188

405,000

Retained earnings

104,025

64,021

SHAREHOLDERS' FUNDS

832,214

469,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 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 and authorised for issue on 24 November 2020 and were signed by:

H Ali - Director

1.	STATUTORY INFORMATION

H. S. N. Properties (NW) Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents received.

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

-

25% on reducing balance

Investment property

Freehold buildings are subject to a revaluation and held at their fair valued amount at the reporting date.

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 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

and 31 January 2020

2,500

DEPRECIATION

At 1 February 2019

1,094

Charge for year

352

At 31 January 2020

1,446

NET BOOK VALUE

At 31 January 2020

1,054

At 31 January 2019

1,406

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2019

1,297,942

Revaluations

398,998

At 31 January 2020

1,696,940

NET BOOK VALUE

At 31 January 2020

1,696,940

At 31 January 2019

1,297,942

Fair value at 31 January 2020 is represented by:

£

Valuation in 2017

378,000

Valuation in 2019

122,000

Valuation in 2020

398,998

Cost

797,942

1,696,940

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

12,614

9,089

Other creditors

777,190

743,191

789,804

752,280

7.

RESERVES

Fair

value

reserve

£

At 1 February 2019

405,000

Revaluation reserve

323,188

At 31 January 2020

728,188

8.	ULTIMATE CONTROLLING PARTY

The controlling party is H Ali.