Registered number
11073599
HRB INVESTMENTS LIMITED
Filleted Accounts
31 March 2023
HRB INVESTMENTS LIMITED
Registered number: 11073599
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 359,257 359,257
Current assets
Cash at bank and in hand 7,950 8,153
Creditors: amounts falling due within one year 4 (18,037) (16,036)
Net current liabilities (10,087) (7,883)
Total assets less current liabilities 349,170 351,374
Creditors: amounts falling due after more than one year 5 (335,586) (341,921)
Net assets 13,584 9,453
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,484 9,353
Shareholders' funds 13,584 9,453
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Satnam Singh
Director
Approved by the board on 11 September 2023
HRB INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Company information
HRB Investments Limited is a private company, limited by shares incorporated in England. The company's registered address can be found in the company information on page 1 of these financial statements.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation. Subsequently it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in profit and loss. Where fair value cannot be achieved without undue costs or effort, investment property is accounted for as a tangible fixed asset.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 April 2022 359,257
At 31 March 2023 359,257
The fair value of the investment property has been arrived on the basis of the purchase cost and refurbisment value of the property for the period of ownership. The directors believes this is an accurate value of the property.
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