Caseware UK (AP4) 2022.0.179 2022.0.179 303918222022-02-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.investment propertyfalsetrue 13074554 2022-02-01 2023-01-31 13074554 2023-01-31 13074554 2020-12-10 2022-01-31 13074554 2022-01-31 13074554 c:Director1 2022-02-01 2023-01-31 13074554 c:Director2 2022-02-01 2023-01-31 13074554 d:FreeholdInvestmentProperty 2022-02-01 2023-01-31 13074554 d:FreeholdInvestmentProperty 2023-01-31 13074554 d:LeaseholdInvestmentProperty 2022-02-01 2023-01-31 13074554 d:LeaseholdInvestmentProperty 2023-01-31 13074554 d:CurrentFinancialInstruments 2023-01-31 13074554 d:CurrentFinancialInstruments 2022-01-31 13074554 d:Non-currentFinancialInstruments 2023-01-31 13074554 d:Non-currentFinancialInstruments 2022-01-31 13074554 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13074554 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 13074554 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13074554 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 13074554 d:ShareCapital 2023-01-31 13074554 d:ShareCapital 2022-01-31 13074554 d:RetainedEarningsAccumulatedLosses 2023-01-31 13074554 d:RetainedEarningsAccumulatedLosses 2022-01-31 13074554 c:FRS102 2022-02-01 2023-01-31 13074554 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 13074554 c:FullAccounts 2022-02-01 2023-01-31 13074554 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Registered number: 13074554













Hannah Homes Ltd

Financial statements
Information for filing with the registrar

31 January 2023




 
Hannah Homes Ltd


Balance sheet
At 31 January 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
151,959
-

  
151,959
-

Current assets
  

Debtors: amounts falling due within one year
  
71
-

Bank and cash balances
  
3,679
100

  
3,750
100

Creditors: amounts falling due within one year
  
(49,747)
-

Net current (liabilities)/assets
  
 
 
(45,997)
 
 
100

Total assets less current liabilities
  
105,962
100

Creditors: amounts falling due after more than one year
  
(109,956)
-

  

Net (liabilities)/assets
  
(3,994)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,094)
-

  
(3,994)
100


1

 
Hannah Homes Ltd

    
Balance sheet (continued)
At 31 January 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2023.




Emma Barbara Hannah
Alexander Robert Mcdonald Hannah
Director
Director

Registered number: 13074554
The notes on pages 3 to 5 form part of these financial statements. 

2

 
Hannah Homes Ltd
 
 

Notes to the financial statements
Year ended 31 January 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St. James House Church Lane, Sutton, Macclesfield, Cheshire, United Kingdom, SK11 0DS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents rental income receivable during the period.

 
2.3

Borrowing costs

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

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The company only enters into basic financial instrument 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 related parties and investments in ordinary shares.
3

 
Hannah Homes Ltd
 

 
Notes to the financial statements
Year ended 31 January 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property
Improvements to investment property
Total

£
£
£



Valuation


Additions at cost
151,395
564
151,959


i
At 31 January 2023
151,395
564
151,959

In the opinion of the Directors, valuation of the investment property is fair and unlikely to represent a material difference to true valuation.







4

 
Hannah Homes Ltd
 
 

Notes to the financial statements
Year ended 31 January 2023

5.


Debtors

2023
2022
£
£


Prepayments and accrued income
71
-

71
-



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Other creditors
46,072
-

Accruals and deferred income
3,675
-

49,747
-



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
109,956
-

109,956
-


 
5