1 March 2022 false No description of principal activity Taxfiler 2023.9.1 11209263business:PrivateLimitedCompanyLtd2022-03-012023-02-28 112092632022-02-28 112092632022-03-012023-02-28 11209263business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 11209263business:FilletedAccounts2022-03-012023-02-28 112092632023-02-28 11209263business:Director12022-03-012023-02-28 11209263business:RegisteredOffice2022-03-012023-02-28 112092632022-02-28 11209263core:WithinOneYear2023-02-28 11209263core:WithinOneYear2022-02-28 11209263core:AfterOneYear2023-02-28 11209263core:AfterOneYear2022-02-28 11209263core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11209263core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 11209263core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11209263core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 11209263core:PreviouslyStatedAmount2023-02-28 11209263core:PreviouslyStatedAmount2022-02-28 11209263business:SmallEntities2022-03-012023-02-28 11209263countries:EnglandWales2022-03-012023-02-28 11209263core:FurnitureFittings2022-02-28 11209263core:FurnitureFittings2023-02-28 11209263core:FurnitureFittings2022-03-012023-02-28 112092632021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11209263 (England and Wales)
H & T PROPERTY INVESTMENT AND MANAGEMENT LTD. Unaudited accounts for the year ended 28 February 2023
H & T PROPERTY INVESTMENT AND MANAGEMENT LTD. Unaudited accounts Contents
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H & T PROPERTY INVESTMENT AND MANAGEMENT LTD. Company Information for the year ended 28 February 2023
Director
Yong Fu Chang
Company Number
11209263 (England and Wales)
Registered Office
74 BRISTOL STREET BIRMINGHAM B5 7AH ENGLAND
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H & T PROPERTY INVESTMENT AND MANAGEMENT LTD. Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,855 
6,888 
Investment property
947,000 
444,000 
952,855 
450,888 
Current assets
Cash at bank and in hand
49,970 
6,091 
Creditors: amounts falling due within one year
(9,693)
(7,115)
Net current assets/(liabilities)
40,277 
(1,024)
Total assets less current liabilities
993,132 
449,864 
Creditors: amounts falling due after more than one year
(865,720)
(368,786)
Provisions for liabilities
Deferred tax
(24,983)
(16,195)
Net assets
102,429 
64,883 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
102,329 
64,783 
Shareholders' funds
102,429 
64,883 
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 16 October 2023 and were signed on its behalf by
Yong Fu Chang Director Company Registration No. 11209263
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H & T PROPERTY INVESTMENT AND MANAGEMENT LTD. Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
H & T PROPERTY INVESTMENT AND MANAGEMENT LTD. is a private company, limited by shares, registered in England and Wales, registration number 11209263. The registered office is 74 BRISTOL STREET, BIRMINGHAM, B5 7AH, ENGLAND.
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: Furniture, fittings and equipment - 15% per annum on a reducing balance basis.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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H & T PROPERTY INVESTMENT AND MANAGEMENT LTD. Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
12,474 
At 28 February 2023
12,474 
Depreciation
At 1 March 2022
5,586 
Charge for the year
1,033 
At 28 February 2023
6,619 
Net book value
At 28 February 2023
5,855 
At 28 February 2022
6,888 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
444,000 
Additions
456,748 
Net gain from fair value adjustments
46,252 
At 28 February 2023
947,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,687 
7,115 
Taxes and social security
6 
- 
9,693 
7,115 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
621,735 
247,908 
Loans from directors
243,985 
120,878 
865,720 
368,786 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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