HP SECURITIES LTD 12344361 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is .. Digita Accounts Production Advanced 6.30.9574.0 true true 12344361 2022-01-01 2022-12-31 12344361 2022-12-31 12344361 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-12-31 12344361 bus:OrdinaryShareClass2 bus:CumulativeShares 2022-12-31 12344361 bus:OrdinaryShareClass3 bus:CumulativeShares 2022-12-31 12344361 bus:OrdinaryShareClass4 bus:CumulativeShares 2022-12-31 12344361 bus:Revised 2022-12-31 12344361 core:CurrentFinancialInstruments 2022-12-31 12344361 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12344361 core:Non-currentFinancialInstruments 2022-12-31 12344361 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 12344361 core:MotorVehicles 2022-12-31 12344361 bus:SmallEntities 2022-01-01 2022-12-31 12344361 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 12344361 bus:FullAccounts 2022-01-01 2022-12-31 12344361 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12344361 bus:RegisteredOffice 2022-01-01 2022-12-31 12344361 bus:Director1 2022-01-01 2022-12-31 12344361 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-01-01 2022-12-31 12344361 bus:OrdinaryShareClass2 bus:CumulativeShares 2022-01-01 2022-12-31 12344361 bus:OrdinaryShareClass3 bus:CumulativeShares 2022-01-01 2022-12-31 12344361 bus:OrdinaryShareClass4 bus:CumulativeShares 2022-01-01 2022-12-31 12344361 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12344361 core:MotorVehicles 2022-01-01 2022-12-31 12344361 countries:EnglandWales 2022-01-01 2022-12-31 12344361 2021-12-31 12344361 2021-01-01 2021-12-31 12344361 2021-12-31 12344361 bus:OrdinaryShareClass1 bus:CumulativeShares 2021-12-31 12344361 bus:OrdinaryShareClass2 bus:CumulativeShares 2021-12-31 12344361 bus:OrdinaryShareClass3 bus:CumulativeShares 2021-12-31 12344361 bus:OrdinaryShareClass4 bus:CumulativeShares 2021-12-31 12344361 core:CurrentFinancialInstruments 2021-12-31 12344361 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 12344361 core:Non-currentFinancialInstruments 2021-12-31 12344361 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12344361

HP SECURITIES LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

HP SECURITIES LTD

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

HP SECURITIES LTD

Company Information

Director

V S Hunjan

Registered office

Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS

Accountants

K&S Professionals Limited
Chartered Certified Accountants
41 Rivington Crescent
Mill Hill
London
NW7 2LF

 

HP SECURITIES LTD

(Registration number: 12344361)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

7,200

-

Investment property

5

455,245

455,245

 

462,445

455,245

Current assets

 

Cash at bank and in hand

 

12,447

1,039

Creditors: Amounts falling due within one year

6

(446,299)

(429,609)

Net current liabilities

 

(433,852)

(428,570)

Total assets less current liabilities

 

28,593

26,675

Creditors: Amounts falling due after more than one year

6

(20,080)

(34,088)

Net assets/(liabilities)

 

8,513

(7,413)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

7,513

(8,413)

Shareholders' funds/(deficit)

 

8,513

(7,413)

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 November 2023
 

 

HP SECURITIES LTD

(Registration number: 12344361)
Balance Sheet as at 31 December 2022

.........................................
V S Hunjan
Director

 

HP SECURITIES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS

These financial statements were authorised for issue by the director on 17 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

HP SECURITIES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

HP SECURITIES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

9,000

9,000

At 31 December 2022

9,000

9,000

Depreciation

Charge for the year

1,800

1,800

At 31 December 2022

1,800

1,800

Carrying amount

At 31 December 2022

7,200

7,200

5

Investment properties

2022
£

At 1 January

455,245

At 31 December

455,245

The investment property was valued on an open market basis on 31 December 2022 by the director.

 

HP SECURITIES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

10,075

10,075

Trade creditors

 

115,829

115,233

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9,000

-

Taxation and social security

 

130

-

Accruals and deferred income

 

1,080

1,080

Other creditors

 

310,185

303,221

 

446,299

429,609

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

20,080

34,088

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary C shares of £1 each

100

100

100

100

Ordinary A shares of £1 each

400

400

400

400

Ordinary B shares of £1 each

400

400

400

400

Ordinary D shares of £1 each

100

100

100

100

 

1,000

1,000

1,000

1,000

 

HP SECURITIES LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

20,080

34,088

2022
£

2021
£

Current loans and borrowings

Bank borrowings

10,075

10,075