HN Assets Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09691323 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

HN Assets Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Hassard

G M Newson

REGISTERED OFFICE:

The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

REGISTERED NUMBER:

09691323 (England and Wales)

ACCOUNTANT:

J N Flanagan ATT (Fellow)

The Granary,

Hones Yard,

1 Waverley Lane,

Farnham,

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

4

189,715

189,715

CURRENT ASSETS

Debtors

5

630

596

Cash at bank and in hand

73,459

56,467

74,089

57,063

CREDITORS

Amounts falling due within one year

6

11,592

11,503

NET CURRENT ASSETS

62,497

45,560

TOTAL ASSETS LESS CURRENT LIABILITIES

252,212

235,275

CREDITORS

Amounts falling due after more than one year

7

185,000

185,000

NET ASSETS

67,212

50,275

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

67,208

50,271

SHAREHOLDERS' FUNDS

67,212

50,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 15 November 2022 and were signed on its behalf by:

G M Newson - Director

D Hassard - Director

1.	STATUTORY INFORMATION

HN Assets 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 August 2021

and 31 July 2022

189,715

NET BOOK VALUE

At 31 July 2022

189,715

At 31 July 2021

189,715

In the opinion of the directors, the fair market value of the company's investment property is greater than its cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

630

596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Taxation and social security

3,401

839

Other creditors

8,191

10,664

11,592

11,503

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Other creditors

185,000

185,000