0 false false false false false false false false false false true false false true false true true No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3 3 3 xbrli:pure xbrli:shares iso4217:GBP 05373549 2022-03-01 2023-02-28 05373549 2023-02-28 05373549 2022-02-28 05373549 2021-03-01 2022-02-28 05373549 2022-02-28 05373549 2021-02-28 05373549 core:FurnitureFittings 2022-03-01 2023-02-28 05373549 bus:Director1 2022-03-01 2023-02-28 05373549 core:LandBuildings 2022-02-28 05373549 core:FurnitureFittings 2022-02-28 05373549 core:LandBuildings 2023-02-28 05373549 core:FurnitureFittings 2023-02-28 05373549 core:WithinOneYear 2023-02-28 05373549 core:WithinOneYear 2022-02-28 05373549 core:AfterOneYear 2023-02-28 05373549 core:AfterOneYear 2022-02-28 05373549 core:ShareCapital 2023-02-28 05373549 core:ShareCapital 2022-02-28 05373549 core:RetainedEarningsAccumulatedLosses 2023-02-28 05373549 core:RetainedEarningsAccumulatedLosses 2022-02-28 05373549 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 05373549 core:Non-currentFinancialInstruments 2023-02-28 05373549 core:Non-currentFinancialInstruments 2022-02-28 05373549 core:LandBuildings 2022-02-28 05373549 core:FurnitureFittings 2022-02-28 05373549 bus:SmallEntities 2022-03-01 2023-02-28 05373549 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 05373549 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 05373549 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05373549 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 05373549
HENLEY PROPERTIES LTD
Filleted Unaudited Financial Statements
28 February 2023
HENLEY PROPERTIES LTD
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
2,527,065
2,531,753
Investments
5
3
3
------------
------------
2,527,068
2,531,756
Current assets
Debtors
6
16,092
Cash at bank and in hand
477,131
364,730
---------
---------
493,223
364,730
Creditors: amounts falling due within one year
7
2,525,169
2,528,803
------------
------------
Net current liabilities
2,031,946
2,164,073
------------
------------
Total assets less current liabilities
495,122
367,683
Creditors: amounts falling due after more than one year
8
48,280
49,586
---------
---------
Net assets
446,842
318,097
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
446,742
317,997
---------
---------
Shareholders funds
446,842
318,097
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HENLEY PROPERTIES LTD
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
H S VIRDEE
Director
Company registration number: 05373549
HENLEY PROPERTIES LTD
Notes to the Financial Statements
Year ended 28 February 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 160, HANWORTH ROAD, HOUNSLOW, MIDDX, TW3 3TR, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixture & fittings
-
25% reducing balance
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 March 2022
2,509,467
52,143
2,561,610
Additions
1,178
1,178
------------
--------
------------
At 28 February 2023
2,509,467
53,321
2,562,788
------------
--------
------------
Depreciation
At 1 March 2022
29,857
29,857
Charge for the year
5,866
5,866
------------
--------
------------
At 28 February 2023
35,723
35,723
------------
--------
------------
Carrying amount
At 28 February 2023
2,509,467
17,598
2,527,065
------------
--------
------------
At 28 February 2022
2,509,467
22,286
2,531,753
------------
--------
------------
5. Investments
Other investments other than loans
£
Cost
At 1 March 2022 and 28 February 2023
3
----
Impairment
At 1 March 2022 and 28 February 2023
----
Carrying amount
At 28 February 2023
3
----
At 28 February 2022
3
----
Other investment relates to 3 ordinary shares of £1 each representing 100% shares of Adner Properties Ltd, company number - 05978776.
6. Debtors
2023
2022
£
£
Other debtors
16,092
--------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
20,919
Corporation tax
31,300
28,981
Social security and other taxes
3,316
3,250
Other creditors
2,490,553
2,475,653
------------
------------
2,525,169
2,528,803
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
48,280
49,586
--------
--------
9. Directors' advances, credits and guarantees
Directors loan account relates to directors current account.
10. Related party transactions
The company was under the control of H S VIRDEE and P LAL throughout the current and previous year.
11. Controlling party
GLOBE PROPERTY SERVICES LTD HOLDS 50 SHARES. 786 BU ALI SHAH QALANDAR PRIVATE LTD 50 SHARES.