REGISTERED NUMBER: 12020497 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

THE HATCH PROPERTY INVESTMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K H Lee

K H Huang

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

12020497 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

3,960

7,920

Tangible assets

5

1,426

3,174

Investment property

6

81,000

81,000

86,386

92,094

CURRENT ASSETS

Debtors

7

612

384

Cash at bank

10,979

7,010

11,591

7,394

CREDITORS

Amounts falling due within one year

8

(160,099

)

(154,702

)

NET CURRENT LIABILITIES

(148,508

)

(147,308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(62,122

)

(55,214

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(62,222

)

(55,314

)

(62,122

)

(55,214

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:

K H Huang - Director

K H Lee - Director

1.	STATUTORY INFORMATION

The Hatch Property Investment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business know how are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2022

and 31 March 2023

19,797

AMORTISATION

At 1 April 2022

11,878

Charge for year

3,959

At 31 March 2023

15,837

NET BOOK VALUE

At 31 March 2023

3,960

At 31 March 2022

7,919

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

5,704

964

6,668

DEPRECIATION

At 1 April 2022

2,852

642

3,494

Charge for year

1,426

322

1,748

At 31 March 2023

4,278

964

5,242

NET BOOK VALUE

At 31 March 2023

1,426

-

1,426

At 31 March 2022

2,852

322

3,174

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 31 March 2023

81,000

NET BOOK VALUE

At 31 March 2023

81,000

At 31 March 2022

81,000

Fair value at 31 March 2023 is represented by:

£

Valuation in 2021

(23,627

)

Cost

104,627

81,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

612

384

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

264

1,046

Other creditors

159,835

153,656

160,099

154,702

9.	GOING CONCERN

The Directors 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 in preparing the annual financial statements.