Hira Developments Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08062137 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

HIRA DEVELOPMENTS LTD

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

P H Govind

N H Govind

SECRETARY:

P H Govind

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

08062137 (England and Wales)

ACCOUNTANTS:

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hira Developments Ltd for the year ended 31 March 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Hira Developments Ltd, as a body, in accordance with the terms of our engagement letter dated 8 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Hira Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Hira Developments Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hira Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hira Developments Ltd. You consider that Hira Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hira Developments Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

31 December 2015

CURRENT ASSETS

Stocks

915,233

415,020

Cash at bank and in hand

323,540

2,836

1,238,773

417,856

CREDITORS

Amounts falling due within one year

354,566

7,736

NET CURRENT ASSETS

884,207

410,120

TOTAL ASSETS LESS CURRENT LIABILITIES

884,207

410,120

CREDITORS

Amounts falling due after more than one year

2

889,742

415,020

NET LIABILITIES

(5,535

)

(4,900

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(5,635

)

(5,000

)

SHAREHOLDERS' FUNDS

(5,535

)

(4,900

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 December 2015 and were signed on its behalf by:

P H Govind - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the rent receivable for period. Turnover is recognised when the company has a right to

consideration.

Stocks

The stocks represents development property held for a short term and valued at lower of cost or net realisable

value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.

CREDITORS

Creditors include an amount of £ 619,612 (31/3/14 - £ 300,000 ) for which security has been given.

They also include the following debts falling due in more than five years:

31/3/15

31/3/14

£

£

Repayable otherwise than by instalments

889,742

415,020

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

100

Ordinary

1

100

100

4.	GOING CONCERN

The accounts are drawn up on a going concern basis as the necessary financial support will be available from the

directors.