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REGISTERED NUMBER: 10413626 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Hands On Property Ltd

Hands On Property Ltd (Registered number: 10413626)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hands On Property Ltd

Company Information
for the year ended 28 February 2023







DIRECTOR: G F Hand





SECRETARY:





REGISTERED OFFICE: Unit 6,
Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ





REGISTERED NUMBER: 10413626 (England and Wales)





ACCOUNTANTS: Simpson Accountancy
Unit 6, CherryTree Farm,
Blackmore End Road
Sible Hedingham
CO9 3LG

Hands On Property Ltd (Registered number: 10413626)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,494,625 7,430,318

CURRENT ASSETS
Debtors 5 353,915 414,326
Cash at bank 9,064 98,512
362,979 512,838
CREDITORS
Amounts falling due within one year 6 6,147,807 6,159,355
NET CURRENT LIABILITIES (5,784,828 ) (5,646,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,709,797

1,783,801

PROVISIONS FOR LIABILITIES 320,195 320,195
NET ASSETS 1,389,602 1,463,606

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 7 1,389,552 1,463,556
1,389,602 1,463,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 31 August 2023 and were signed by:




G F Hand - Director


Hands On Property Ltd (Registered number: 10413626)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Hands On Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

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 NIL (2022 - NIL).

Hands On Property Ltd (Registered number: 10413626)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 7,471,303 20,541 7,491,844
Additions 78,450 - 78,450
At 28 February 2023 7,549,753 20,541 7,570,294
DEPRECIATION
At 1 March 2022 49,479 12,047 61,526
Charge for year 9,896 4,247 14,143
At 28 February 2023 59,375 16,294 75,669
NET BOOK VALUE
At 28 February 2023 7,490,378 4,247 7,494,625
At 28 February 2022 7,421,824 8,494 7,430,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 353,915 414,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,691,372 5,701,046
Trade creditors (1 ) -
Other creditors 456,436 458,309
6,147,807 6,159,355

7. RESERVES
Retained
earnings
£   

At 1 March 2022 1,463,556
Deficit for the year (74,004 )
At 28 February 2023 1,389,552

Hands On Property Ltd (Registered number: 10413626)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

8. RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £935,675 (2022: £2941,237 owed to) by Trimast Associates Ltd, a company of which George Hand is also a director.

As at the balance sheet date the company was owed £3,000 (2022: £3,000) by Holme Property & Development Ltd, a company of which George Hand is also a director.

As at the balance sheet date the company was owed £39,140 (2022: £39,140) by JBA Developments Ltd, a company of which George Hand is also a director.

As at the balance sheet date the company was owed £35,256 (2022: £53,994) by Home Property & Developments Ltd, a company of which George Hand is also a director.

As at the balance sheet date the company was owed £273,248 (2022: £273,248) by The Barking Project Ltd, a company of which George Hand is also a director.

As at the balance sheet date the company was owed £43,082 (2022: £16,045) by Trimast Holdings Ltd, a company of which George Hand is also a director.

All companies are under common control.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G F Hand.