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Registered Number: 11076350
England and Wales

 

 

 

HOWPROPERTY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2020

End date: 30 November 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Iwona Accountancy Services Limited
30 November 2021



....................................................
Iwona Accountancy Services Limited
Studio 209, Sunbeam Studion
Sunbeam Street
Wolverhampton
WV2 4PF
27 August 2022
1
 
 
Notes
 
2021
£
  2020
£
Fixed assets      
Tangible fixed assets 457,782    457,782 
457,782    457,782 
Current assets      
Cash at bank and in hand 5,246    45,736 
Creditors: amount falling due within one year (3,060)   (122)
Net current assets 2,186    45,614 
 
Total assets less current liabilities 459,968    503,396 
Creditors: amount falling due after more than one year (382,066)   (439,134)
Net assets 77,902    64,262 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 80,098    79,556 
Profit and loss account (2,296)   (15,394)
Shareholder's funds 77,902    64,262 
 


For the year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 August 2022 and were signed on its behalf by:


--------------------------------
Cezary Kolodziejczyk
Director
2
General Information
HOWPROPERTY Ltd is a private company, limited by shares, registered in England and Wales, registration number 11076350, registration address 9, Cedar Road, Redditch, UK, B97 6HL

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Average number of employees

Average number of employees during the year was 0 (2020 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 December 2020 457,782    457,782 
Additions  
Disposals  
At 30 November 2021 457,782    457,782 
Depreciation
At 01 December 2020  
Charge for year  
On disposals  
At 30 November 2021  
Net book values
Closing balance as at 30 November 2021 457,782    457,782 
Opening balance as at 01 December 2020 457,782    457,782 


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