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
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
Hanover Properties Limited
Statement of financial position
as at 31 March 2023
Tangible assets
7,335,708
7,370,025
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)
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
Hanover Properties Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 April 2022
-
113,511
113,511
Charge for the year
-
34,317
34,317
At 31 March 2023
-
147,828
147,828
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
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).