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REGISTERED NUMBER: 08121616 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

HANNICK PROPERTIES LTD

HANNICK PROPERTIES LTD (REGISTERED NUMBER: 08121616)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HANNICK PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: M R Legh-Smith





REGISTERED OFFICE: Sunnyside Farm Reading Road
Padworth Common
Reading
RG7 4QN





REGISTERED NUMBER: 08121616 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

HANNICK PROPERTIES LTD (REGISTERED NUMBER: 08121616)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,729 3,668
Investment property 5 1,816,141 1,816,141
1,818,870 1,819,809

CURRENT ASSETS
Debtors 6 34,308 29,718
Cash at bank 44,742 33,130
79,050 62,848
CREDITORS
Amounts falling due within one year 7 46,108 51,065
NET CURRENT ASSETS 32,942 11,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,851,812

1,831,592

CREDITORS
Amounts falling due after more than one
year

8

(1,397,517

)

(1,415,491

)

PROVISIONS FOR LIABILITIES (632 ) (631 )
NET ASSETS 453,663 415,470

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 443,663 405,470
453,663 415,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

HANNICK PROPERTIES LTD (REGISTERED NUMBER: 08121616)

BALANCE SHEET - continued
31ST MAY 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 by the director and authorised for issue on 30th October 2023 and were signed by:





M R Legh-Smith - Director


HANNICK PROPERTIES LTD (REGISTERED NUMBER: 08121616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Hannick Properties Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HANNICK PROPERTIES LTD (REGISTERED NUMBER: 08121616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 24,049
Additions 700
Disposals (1,295 )
At 31st May 2023 23,454
DEPRECIATION
At 1st June 2022 20,381
Charge for year 911
Eliminated on disposal (567 )
At 31st May 2023 20,725
NET BOOK VALUE
At 31st May 2023 2,729
At 31st May 2022 3,668

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022
and 31st May 2023 1,816,141
NET BOOK VALUE
At 31st May 2023 1,816,141
At 31st May 2022 1,816,141

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,761 25,224
Other debtors 6,547 4,494
34,308 29,718

HANNICK PROPERTIES LTD (REGISTERED NUMBER: 08121616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,870 26,940
Trade creditors 3,974 333
Taxation and social security 13,452 19,241
Other creditors 6,812 4,551
46,108 51,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 859,472 876,272
Other creditors 538,045 539,219
1,397,517 1,415,491