Caseware UK (AP4) 2021.0.152 2021.0.152 2020-08-312020-08-312019-09-01falseBuy and rent properties11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09194725 2019-09-01 2020-08-31 09194725 2018-09-01 2019-08-31 09194725 2020-08-31 09194725 2019-08-31 09194725 c:Director1 2019-09-01 2020-08-31 09194725 d:FurnitureFittings 2019-09-01 2020-08-31 09194725 d:FurnitureFittings 2020-08-31 09194725 d:FurnitureFittings 2019-08-31 09194725 d:FreeholdInvestmentProperty 2019-09-01 2020-08-31 09194725 d:FreeholdInvestmentProperty 2020-08-31 09194725 d:FreeholdInvestmentProperty 2019-08-31 09194725 d:CurrentFinancialInstruments 2020-08-31 09194725 d:CurrentFinancialInstruments 2019-08-31 09194725 d:Non-currentFinancialInstruments 2020-08-31 09194725 d:Non-currentFinancialInstruments 2019-08-31 09194725 d:CurrentFinancialInstruments d:WithinOneYear 2020-08-31 09194725 d:CurrentFinancialInstruments d:WithinOneYear 2019-08-31 09194725 d:Non-currentFinancialInstruments d:AfterOneYear 2020-08-31 09194725 d:Non-currentFinancialInstruments d:AfterOneYear 2019-08-31 09194725 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-08-31 09194725 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2019-08-31 09194725 d:ShareCapital 2020-08-31 09194725 d:ShareCapital 2019-08-31 09194725 d:RevaluationReserve 2019-09-01 2020-08-31 09194725 d:RevaluationReserve 2020-08-31 09194725 d:RevaluationReserve 2019-08-31 09194725 d:RetainedEarningsAccumulatedLosses 2020-08-31 09194725 d:RetainedEarningsAccumulatedLosses 2019-08-31 09194725 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-08-31 09194725 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2019-08-31 09194725 c:FRS102 2019-09-01 2020-08-31 09194725 c:AuditExemptWithAccountantsReport 2019-09-01 2020-08-31 09194725 c:FullAccounts 2019-09-01 2020-08-31 09194725 c:PrivateLimitedCompanyLtd 2019-09-01 2020-08-31 09194725 5 2019-09-01 2020-08-31 09194725 6 2019-09-01 2020-08-31 iso4217:GBP xbrli:pure

Registered number: 09194725










HANZ INVESTMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2020

 
HANZ INVESTMENTS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFHANZ INVESTMENTS LTD
FOR THE YEAR ENDED 31 AUGUST 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hanz Investments Ltd for the year ended 31 August 2020 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Hanz Investments Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Hanz Investments Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hanz Investments Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Hanz Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Hanz Investments Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Hanz Investments 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.





Shipleys Tax Planning

7 September 2022
Page 1

 
HANZ INVESTMENTS LTD
REGISTERED NUMBER: 09194725

BALANCE SHEET
AS AT 31 AUGUST 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 5 
59,455
6,650

Investment property
 6 
40,000
95,088

  
99,455
101,738

Current assets
  

Debtors: amounts falling due after more than one year
 7 
91,000
81,000

Debtors: amounts falling due within one year
 7 
55,000
-

Cash at bank and in hand
 8 
54,273
15,758

  
200,273
96,758

Creditors: amounts falling due within one year
 9 
(314,937)
(146,537)

Net current liabilities
  
 
 
(114,664)
 
 
(49,779)

Total assets less current liabilities
  
(15,209)
51,959

Creditors: amounts falling due after more than one year
 10 
(18,850)
-

  

Net (liabilities)/assets
  
(34,059)
51,959


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 13 
(112,100)
-

Profit and loss account
 13 
77,941
51,859

  
(34,059)
51,959


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
Page 2

 
HANZ INVESTMENTS LTD
REGISTERED NUMBER: 09194725

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2020

7 September 2022.






Arshad Ali
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

1.


General information

Hanz Investments Ltd is a company domiciled in England & Wales, registration number 09194725. The registered office is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 5

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

2.Accounting policies (continued)

 
2.8

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 6

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2019 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2019
711



At 31 August 2020

711



Depreciation


At 1 September 2019
711



At 31 August 2020

711



Net book value



At 31 August 2020
-



At 31 August 2019
-

Page 7

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 September 2019
6,650


Additions
169,355


Revaluations
(112,100)


Amounts written off
(4,450)



At 31 August 2020
59,455




Page 8

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

6.


Investment property


Freehold investment property

£



Valuation


At 1 September 2019
95,088


Disposals
(55,088)



At 31 August 2020
40,000

The 2020 valuations were made by the director, on an open market value for existing use basis.



At 31 August 2020




Page 9

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

7.


Debtors

2020
2019
£
£

Due after more than one year

Other debtors
91,000
81,000

91,000
81,000


2020
2019
£
£

Due within one year

Other debtors
55,000
-

55,000
-



8.


Cash and cash equivalents

2020
2019
£
£

Cash at bank and in hand
54,273
15,758

54,273
15,758



9.


Creditors: Amounts falling due within one year

2020
2019
£
£

Corporation tax
7,804
4,912

Other creditors
303,532
138,024

Accruals and deferred income
3,601
3,601

314,937
146,537



10.


Creditors: Amounts falling due after more than one year

2020
2019
£
£

Bank loans
18,850
-

18,850
-


Page 10

 
HANZ INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

11.


Loans


Analysis of the maturity of loans is given below:


2020
2019
£
£




Amounts falling due after more than 5 years

Bank loans
18,850
-

18,850
-

18,850
-



12.


Financial instruments

2020
2019
£
£

Financial assets


Financial assets measured at fair value through profit or loss
54,273
15,758




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


13.


Reserves

Revaluation reserve

During the year the company invested in unlisted investments. At the year end these had fallen in value by £112,100. These have been recognised in the revaluation reserve.


14.


Related party transactions

There was no movement during the year in the loan balance owed to Medics & Linguistics Nationwide Ltd (a company which is controlled by the director). At the balance sheet date other creditors included £73,000 (2018: £73,000) as amounts owed to Medics & Linguistics Nationwide Ltd.


15.


Controlling party

The company is controlled by the director Mr A Ali.


Page 11