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REGISTERED NUMBER: 06579825 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

HATTON PROPERTIES UK LIMITED

HATTON PROPERTIES UK LIMITED (REGISTERED NUMBER: 06579825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HATTON PROPERTIES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: J Liebermann





SECRETARY: M Sanger





REGISTERED OFFICE: 595 Holloway Road
Holloway
London
N19 4DJ





REGISTERED NUMBER: 06579825 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

HATTON PROPERTIES UK LIMITED (REGISTERED NUMBER: 06579825)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,532 2,979
Investment property 6 1,200,000 1,200,000
1,202,532 1,202,979

CURRENT ASSETS
Debtors 7 405,000 5,000
Cash at bank 10,906 8,223
415,906 13,223
CREDITORS
Amounts falling due within one year 8 (137,392 ) (161,768 )
NET CURRENT ASSETS/(LIABILITIES) 278,514 (148,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,481,046

1,054,434

CREDITORS
Amounts falling due after more than one
year

9

(806,392

)

(365,730

)

PROVISIONS FOR LIABILITIES (38,262 ) (38,262 )
NET ASSETS 636,392 650,442

CAPITAL AND RESERVES
Called up share capital 12 2 2
Revaluation reserve 13 384,282 384,282
Retained earnings 13 252,108 266,158
SHAREHOLDERS' FUNDS 636,392 650,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HATTON PROPERTIES UK LIMITED (REGISTERED NUMBER: 06579825)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


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 and authorized for issue by the director and authorised for issue on 13 October 2023 and were signed by:





J Liebermann - Director


HATTON PROPERTIES UK LIMITED (REGISTERED NUMBER: 06579825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Hatton Properties UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represent net rent receivable excluding value added tax.

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 - 15% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

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

HATTON PROPERTIES UK LIMITED (REGISTERED NUMBER: 06579825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2022
and 30 April 2023 11,208
DEPRECIATION
At 1 May 2022 8,229
Charge for year 447
At 30 April 2023 8,676
NET BOOK VALUE
At 30 April 2023 2,532
At 30 April 2022 2,979

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 1,200,000
NET BOOK VALUE
At 30 April 2023 1,200,000
At 30 April 2022 1,200,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2015 422,544
Cost 777,456
1,200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 405,000 5,000

HATTON PROPERTIES UK LIMITED (REGISTERED NUMBER: 06579825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts (see note 10) - 20,231
Taxation and social security - 9,408
Other creditors 137,392 132,129
137,392 161,768

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 10) 806,392 322,983
Other creditors - 42,747
806,392 365,730

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 42,747

10. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 20,231

Amounts falling due between two and five years:
Bank loans - 2-5 years - 322,983
Bank loans - 2-5 years 806,392 -
806,392 322,983

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 42,747

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 806,392 343,214

Bank loan is secured by the way of first charge against the companies investment property.

HATTON PROPERTIES UK LIMITED (REGISTERED NUMBER: 06579825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2022 266,158 384,282 650,440
Deficit for the year (14,050 ) (14,050 )
At 30 April 2023 252,108 384,282 636,390