Homulle & Hazen Property Investment Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08445099 (England and Wales)

Financial Statements

for the Year Ended 31 March 2020

for

HOMULLE & HAZEN PROPERTY INVESTMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L M Hazen

Ms L J G Homulle

REGISTERED OFFICE:

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

REGISTERED NUMBER:

08445099 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

932

1,865

Investment property

6

161,509

161,509

162,441

163,374

CURRENT ASSETS

Debtors

7

23,150

22,965

Cash at bank

3,764

12,456

26,914

35,421

CREDITORS

Amounts falling due within one year

8

(257,137

)

(277,699

)

NET CURRENT LIABILITIES

(230,223

)

(242,278

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(67,782

)

(78,904

)

CREDITORS

Amounts falling due after more than one year

9

(83,770

)

(85,439

)

NET LIABILITIES

(151,552

)

(164,343

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(151,652

)

(164,443

)

SHAREHOLDERS' FUNDS

(151,552

)

(164,343

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 24 March 2021 and were signed on its behalf by:

Ms L J G Homulle - Director

1.	STATUTORY INFORMATION

Homulle & Hazen Property Investment 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.

Turnover

Turnover represents net rental property income.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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 2 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2019

and 31 March 2020

3,497

AMORTISATION

At 1 April 2019

and 31 March 2020

3,497

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2019

and 31 March 2020

4,664

DEPRECIATION

At 1 April 2019

2,799

Charge for year

933

At 31 March 2020

3,732

NET BOOK VALUE

At 31 March 2020

932

At 31 March 2019

1,865

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

161,509

NET BOOK VALUE

At 31 March 2020

161,509

At 31 March 2019

161,509

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

23,150

22,965

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

1,654

3,217

Trade creditors

-

5,084

Other creditors

255,483

269,398

257,137

277,699

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

83,770

85,439

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more than 5 years

69,153

71,159

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2020 and 31 March 2019:

31.3.20

31.3.19

£

£

Ms L J G Homulle and L M Hazen

Balance outstanding at start of year

(252,038

)

(394,911

)

Amounts advanced

-

142,873

Amounts repaid

(1,645

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(253,683

)

(252,038

)