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Company Registration No. 10772176 (England and Wales)
HLA Invest Limited Unaudited accounts for the year ended 31 May 2022
HLA Invest Limited Unaudited accounts Contents
Page
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HLA Invest Limited Company Information for the year ended 31 May 2022
Directors
Lud Ahmed Ahmed Hud
Company Number
10772176 (England and Wales)
Registered Office
SUITE 28 NORMANBY GATEWAY SCUNTHORPE NORTH LINCOLNSHIRE DN15 9YG UNITED KINGDOM
Accountants
Chesters and Co Suite 28, Normanby Gateway Lysaghts Way Scunthorpe North Lincolnshire DN15 9YG
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HLA Invest Limited Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
284,920 
233,420 
Current assets
Cash at bank and in hand
48,452 
40,305 
Creditors: amounts falling due within one year
(1,802)
(1,806)
Net current assets
46,650 
38,499 
Total assets less current liabilities
331,570 
271,919 
Creditors: amounts falling due after more than one year
(320,451)
(266,136)
Net assets
11,119 
5,783 
Capital and reserves
Called up share capital
99 
99 
Profit and loss account
11,020 
5,684 
Shareholders' funds
11,119 
5,783 
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by
Lud Ahmed Director Company Registration No. 10772176
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HLA Invest Limited Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
HLA Invest Limited is a private company, limited by shares, registered in England and Wales, registration number 10772176. The registered office is SUITE 28, NORMANBY GATEWAY, SCUNTHORPE, NORTH LINCOLNSHIRE, DN15 9YG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2022 
£ 
Fair value at 1 June 2021
233,420 
Additions
51,500 
At 31 May 2022
284,920 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
1,252 
1,311 
Accruals
550 
495 
1,802 
1,806 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
161,038 
115,350 
Loans from directors
159,413 
150,786 
320,451 
266,136 
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HLA Invest Limited Notes to the Accounts for the year ended 31 May 2022
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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