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
H & T PROPERTY INVESTMENT AND MANAGEMENT LTD.
Company Information
for the year ended 28 February 2023
Company Number
11209263 (England and Wales)
Registered Office
74 BRISTOL STREET
BIRMINGHAM
B5 7AH
ENGLAND
H & T PROPERTY INVESTMENT AND MANAGEMENT LTD.
Statement of financial position
as at 28 February 2023
Tangible assets
5,855
6,888
Investment property
947,000
444,000
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)
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
H & T PROPERTY INVESTMENT AND MANAGEMENT LTD.
Notes to the Accounts
for the year ended 28 February 2023
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.
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:
Furniture, fittings and equipment - 15% per annum on a reducing balance basis.
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 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.
H & T PROPERTY INVESTMENT AND MANAGEMENT LTD.
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
At 28 February 2023
12,474
Fair value at 1 March 2022
444,000
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
-
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
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).