Silverfin false 30/04/2023 01/05/2022 30/04/2023 N Kalms 15/07/2016 B Radstone 15/07/2016 20 October 2023 The principal activity of Hyjan Housing Limited ("the Company") is the development of building projects. 10281029 2023-04-30 10281029 bus:Director1 2023-04-30 10281029 bus:Director2 2023-04-30 10281029 2022-04-30 10281029 core:CurrentFinancialInstruments 2023-04-30 10281029 core:CurrentFinancialInstruments 2022-04-30 10281029 core:ShareCapital 2023-04-30 10281029 core:ShareCapital 2022-04-30 10281029 core:RevaluationReserve 2023-04-30 10281029 core:RevaluationReserve 2022-04-30 10281029 core:RetainedEarningsAccumulatedLosses 2023-04-30 10281029 core:RetainedEarningsAccumulatedLosses 2022-04-30 10281029 core:CostValuation 2022-04-30 10281029 core:AdditionsToInvestments 2023-04-30 10281029 core:CostValuation 2023-04-30 10281029 core:CurrentFinancialInstruments 1 2023-04-30 10281029 core:CurrentFinancialInstruments 1 2022-04-30 10281029 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 10281029 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-04-30 10281029 core:CurrentFinancialInstruments 2 2023-04-30 10281029 core:CurrentFinancialInstruments 2 2022-04-30 10281029 2021-04-30 10281029 core:RevaluationInvestmentPropertyDeferredTax 2023-04-30 10281029 core:RevaluationInvestmentPropertyDeferredTax 2022-04-30 10281029 bus:OrdinaryShareClass1 2023-04-30 10281029 2022-05-01 2023-04-30 10281029 bus:FullAccounts 2022-05-01 2023-04-30 10281029 bus:SmallEntities 2022-05-01 2023-04-30 10281029 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10281029 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10281029 bus:Director1 2022-05-01 2023-04-30 10281029 bus:Director2 2022-05-01 2023-04-30 10281029 2021-05-01 2022-04-30 10281029 core:CurrentFinancialInstruments 2022-05-01 2023-04-30 10281029 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 10281029 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10281029 (England and Wales)

HYJAN HOUSING LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

HYJAN HOUSING LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

HYJAN HOUSING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
HYJAN HOUSING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Investment property 5,000 0
Investments 3 100 0
5,100 0
Current assets
Stocks 146,672 1,645,165
Debtors 4 316,641 100
Cash at bank and in hand 16,957 1,574
480,270 1,646,839
Creditors: amounts falling due within one year 5 ( 480,520) ( 1,448,111)
Net current (liabilities)/assets (250) 198,728
Total assets less current liabilities 4,850 198,728
Net assets 4,850 198,728
Capital and reserves
Called-up share capital 7 100 100
Revaluation reserve 3,750 0
Profit and loss account 1,000 198,628
Total shareholder's funds 4,850 198,728

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hyjan Housing Limited (registered number: 10281029) were approved and authorised for issue by the Director. They were signed on its behalf by:

N Kalms
Director
B Radstone
Director

20 October 2023

HYJAN HOUSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
HYJAN HOUSING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hyjan Housing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised by the Company in respect of rental income during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 May 2022 0
Additions 100
At 30 April 2023 100
Carrying value at 30 April 2023 100
Carrying value at 30 April 2022 0

4. Debtors

2023 2022
£ £
Amounts owed by connected companies 316,641 100

Amounts owed by connected companies are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 120,030 244,194
Trade creditors 0 184,187
Amounts owed to connected companies 309,402 968,320
Amounts owed to related parties 0 2,490
Accruals 3,000 2,200
Deferred tax liability 1,250 0
Other taxation and social security 46,838 27,588
Other creditors 0 19,132
480,520 1,448,111

Amounts owed to connected companies are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

Amounts owed to related parties are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

6. Deferred tax

2023 2022
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 1,250) 0
At the end of financial year ( 1,250) 0

The deferred taxation balance is made up as follows:

2023 2022
£ £
Revaluation of investment property ( 1,250) 0

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100