Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-01-12Investment propert1falsetrue 13842934 2022-01-11 13842934 2022-01-12 2023-03-31 13842934 2021-01-12 2022-01-11 13842934 2023-03-31 13842934 c:Director1 2022-01-12 2023-03-31 13842934 d:LeaseholdInvestmentProperty 2022-01-12 2023-03-31 13842934 d:LeaseholdInvestmentProperty 2023-03-31 13842934 d:CurrentFinancialInstruments 2023-03-31 13842934 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13842934 d:ShareCapital 2023-03-31 13842934 d:RetainedEarningsAccumulatedLosses 2023-03-31 13842934 c:OrdinaryShareClass1 2022-01-12 2023-03-31 13842934 c:OrdinaryShareClass1 2023-03-31 13842934 c:FRS102 2022-01-12 2023-03-31 13842934 c:AuditExempt-NoAccountantsReport 2022-01-12 2023-03-31 13842934 c:FullAccounts 2022-01-12 2023-03-31 13842934 c:PrivateLimitedCompanyLtd 2022-01-12 2023-03-31 13842934 d:EntityControlledByKeyManagementPersonnel1 2022-01-12 2023-03-31 13842934 d:EntityControlledByKeyManagementPersonnel1 2023-03-31 13842934 d:EntityControlledByKeyManagementPersonnel2 2022-01-12 2023-03-31 13842934 d:EntityControlledByKeyManagementPersonnel2 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13842934









HAN PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
HAN PROPERTY LIMITED
REGISTERED NUMBER: 13842934

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023


2023
Note
£
£

Fixed assets
  

Investment property
 4 
3,219,825

  
3,219,825

Current assets
  

Cash at bank and in hand
 5 
225

  
225

Creditors: amounts falling due within one year
 6 
(3,221,996)

Net current liabilities
  
 
 
(3,221,771)

  

Net liabilities
  
(1,946)


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(2,046)

  
(1,946)


Page 1

 
HAN PROPERTY LIMITED
REGISTERED NUMBER: 13842934
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 period 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 10 October 2023.




Dr A Hanouka
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
HAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Han Property Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company was incorporated on 12 January 2022 and commenced trading on 20 April 2022.
The company specialises in the investment and rental of real estate.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the company reporting net current liabilities of £3,221,771. Included within creditors are loans totalling £3,220,000 from related parties who have confirmed that they will not seek repayment of the loans until such time as the company has sufficient working capital. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Investment property

Investment properties are properties held to earn rent and or capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.

 
2.4

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.

 
2.5

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 3

 
HAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Investment property


Long term leasehold investment property

£



Valuation


Additions at cost
3,219,825



At 31 March 2023
3,219,825

The 2023 valuations were made by the director, on an open market value for existing use basis.







5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
225

225



6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to related undertakings
3,150,000

Other creditors
70,000

Accruals and deferred income
1,996

3,221,996


Page 4

 
HAN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, 100 Ordinary shares of £1 each were issued at par.


8.


Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard 102 not to disclose
any transactions with other wholly owned members of the group.
 
Included within other creditors is an amount of £70,000 due to the director of the company.
 
Included within amounts owed to related undertakings is an amount of £3,150,000 due to a company with a common director


9.


Ultimate parent undertaking and controlling party

The immediate and ultimate parent company is Gama Investment Group Ltd, a company incorporated in England and Wales. Its registered office is The Maylands Building, Maylands Avenue, Hemel Hempstead, Hertfordshire, United Kingdom, HP2 7TG.
The ultimate controlling parties are the shareholders of Gama Investment Group Ltd.
 
Page 5