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REGISTERED NUMBER: SC655310 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

HK Management Ltd

HK Management Ltd (Registered number: SC655310)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HK Management Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTOR: Mrs H Khalid





REGISTERED OFFICE: 35 Flat 1/2
Falkland Street
Glasgow
G12 9QZ





REGISTERED NUMBER: SC655310 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

HK Management Ltd (Registered number: SC655310)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 25,000 25,000
Cash at bank 41,876 36,816
66,876 61,816
CREDITORS
Amounts falling due within one year 5 (1,104 ) (5,747 )
NET CURRENT ASSETS 67,980 67,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,980

67,563

CREDITORS
Amounts falling due after more than one
year

6

35,833

45,833
NET ASSETS 32,147 21,730

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 32,047 21,630
SHAREHOLDERS' FUNDS 32,147 21,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 27 November 2023 and were signed by:




Mrs H Khalid - Director


HK Management Ltd (Registered number: SC655310)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

HK Management Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Loan to Anwer 25,000 25,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 4,199 3,032
Director's loan acc (5,303 ) (8,779 )
(1,104 ) (5,747 )

HK Management Ltd (Registered number: SC655310)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 7) 35,833 45,833

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan 35,833 45,833

7. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bounce back loan 35,833 45,833

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 21,630
Profit for the year 17,917
Dividends (7,500 )
At 31 March 2023 32,047