Registered number
09970064
HE REAL ESTATE LTD
Filleted Accounts
31 January 2022
HE REAL ESTATE LTD
Registered number: 09970064
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 931,090 931,329
Current assets
Cash at bank and in hand 11,307 18,153
Creditors: amounts falling due within one year 4 (1,250) (850)
Net current assets 10,057 17,303
Total assets less current liabilities 941,147 948,632
Creditors: amounts falling due after more than one year 5 (969,685) (975,445)
Net liabilities (28,538) (26,813)
Capital and reserves
Called up share capital 100 100
Profit and loss account (28,638) (26,913)
Shareholder's funds (28,538) (26,813)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Helen Eboigbe
Director
Approved by the board on 17 August 2022
HE REAL ESTATE LTD
Notes to the Accounts
for the year ended 31 January 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0%
Leasehold land and buildings 4% over the lease term
Plant and machinery 18% reducing balance method
Fixtures, fittings, tools and equipment 18% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2021 930,000 2,938 932,938
At 31 January 2022 930,000 2,938 932,938
Depreciation
At 1 February 2021 - 1,609 1,609
Charge for the year - 239 239
At 31 January 2022 - 1,848 1,848
Net book value
At 31 January 2022 930,000 1,090 931,090
At 31 January 2021 930,000 1,329 931,329
4 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 1,250 850
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 44,240 50,000
Other creditors 925,445 925,445
969,685 975,445
6 Other information
HE REAL ESTATE LTD is a private company limited by shares and incorporated in England. Its registered office is:
19 Broadview Road
London
SW16 5LB
HE REAL ESTATE LTD 09970064 false 2021-02-01 2022-01-31 2022-01-31 VT Final Accounts March 2021 Helen Eboigbe No description of principal activity 09970064 2020-02-01 2021-01-31 09970064 core:WithinOneYear 2021-01-31 09970064 core:AfterOneYear 2021-01-31 09970064 core:ShareCapital 2021-01-31 09970064 core:RetainedEarningsAccumulatedLosses 2021-01-31 09970064 2021-02-01 2022-01-31 09970064 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 09970064 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 09970064 bus:Director40 2021-02-01 2022-01-31 09970064 1 2021-02-01 2022-01-31 09970064 2 2021-02-01 2022-01-31 09970064 core:LandBuildings 2021-02-01 2022-01-31 09970064 core:PlantMachinery 2021-02-01 2022-01-31 09970064 countries:England 2021-02-01 2022-01-31 09970064 bus:FRS102 2021-02-01 2022-01-31 09970064 bus:FullAccounts 2021-02-01 2022-01-31 09970064 2022-01-31 09970064 core:WithinOneYear 2022-01-31 09970064 core:AfterOneYear 2022-01-31 09970064 core:ShareCapital 2022-01-31 09970064 core:RetainedEarningsAccumulatedLosses 2022-01-31 09970064 core:LandBuildings 2022-01-31 09970064 core:PlantMachinery 2022-01-31 09970064 2021-01-31 09970064 core:LandBuildings 2021-01-31 09970064 core:PlantMachinery 2021-01-31 iso4217:GBP xbrli:pure