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Company Registration No. 07986820 (England and Wales)
Hanover Properties Limited Unaudited accounts for the year ended 31 March 2023
Hanover Properties Limited Unaudited accounts Contents
Page
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Hanover Properties Limited Company Information for the year ended 31 March 2023
Directors
Batash Karim Asif Karim
Company Number
07986820 (England and Wales)
Registered Office
Unit 2 Hanover Street Hanover Street Keighley West Yorkshire BD21 3QJ UK
Accountants
Munir Chaudry Associates Chartered Certified Accountants 1 Edmund Street Bradford West Yorkshire BD5 0BH
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Hanover Properties Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,335,708 
7,370,025 
Current assets
Cash at bank and in hand
443,099 
144,287 
Creditors: amounts falling due within one year
(267,273)
(124,031)
Net current assets
175,826 
20,256 
Total assets less current liabilities
7,511,534 
7,390,281 
Creditors: amounts falling due after more than one year
(7,203,277)
(7,322,968)
Net assets
308,257 
67,313 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
308,253 
67,309 
Shareholders' funds
308,257 
67,313 
For the year ending 31 March 2023 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 29 May 2023 and were signed on its behalf by
Batash Karim Director Company Registration No. 07986820
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Hanover Properties Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Hanover Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 07986820. The registered office is Unit 2 Hanover Street, Hanover Street, Keighley, West Yorkshire, BD21 3QJ, UK.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation because market value is greater than cost
Plant & machinery
Equipment and fixtures 10% straight line depreciation (14% previous)
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
7,140,359 
343,177 
7,483,536 
At 31 March 2023
7,140,359 
343,177 
7,483,536 
Depreciation
At 1 April 2022
- 
113,511 
113,511 
Charge for the year
- 
34,317 
34,317 
At 31 March 2023
- 
147,828 
147,828 
Net book value
At 31 March 2023
7,140,359 
195,349 
7,335,708 
At 31 March 2022
7,140,359 
229,666 
7,370,025 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
86,134 
(103,287)
Loans from directors
177,139 
227,318 
Accruals
4,000 
- 
267,273 
124,031 
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Hanover Properties Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,203,277 
7,322,968 
Loans provided by Hanover Property Management Partnership
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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