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REGISTERED NUMBER: 02097515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

H.P. Property Limited

H.P. Property Limited (Registered number: 02097515)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


H.P. Property Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M Ramatalla





SECRETARY: Mrs D Ramatalla





REGISTERED OFFICE: 38/39 Somerset House
Somerset Road
London
SW19 5JA





REGISTERED NUMBER: 02097515 (England and Wales)





ACCOUNTANTS: Williams Chartered Accountants
Jade House
67 Park Royal Road
London
NW10 7JJ

H.P. Property Limited (Registered number: 02097515)

Abridged Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 673,468 692,522

CURRENT ASSETS
Debtors - 5,579
Cash at bank and in hand 36,518 47,632
36,518 53,211
CREDITORS
Amounts falling due within one year 303,078 295,077
NET CURRENT LIABILITIES (266,560 ) (241,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,908

450,656

PROVISIONS FOR LIABILITIES 103,268 103,274
NET ASSETS 303,640 347,382

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 6 516,500 516,500
Retained earnings 6 (212,960 ) (169,218 )
SHAREHOLDERS' FUNDS 303,640 347,382

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 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.

H.P. Property Limited (Registered number: 02097515)

Abridged Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 December 2023 and were signed by:





Mr M Ramatalla - Director


H.P. Property Limited (Registered number: 02097515)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

H.P. Property Limited 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 as modified by the revaluation of certain assets.

In view of the assumption of continue supports from the long term and short term creditors, the financial statements have been prepared on the basis that the company remains a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Office equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 - 1 ) .

H.P. Property Limited (Registered number: 02097515)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 960,935
DEPRECIATION
At 1 April 2022 268,413
Charge for year 19,054
At 31 March 2023 287,467
NET BOOK VALUE
At 31 March 2023 673,468
At 31 March 2022 692,522

Cost or valuation at 31 March 2023 is represented by:

Totals
£   
Valuation in 2013 950,000
Cost 10,935
960,935

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 433,500 433,500

Freehold property was valued on an open market basis on 15 April 2013 by the director .

5. CALLED UP SHARE CAPITAL

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

H.P. Property Limited (Registered number: 02097515)

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

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 (169,218 ) 516,500 347,282
Deficit for the year (43,742 ) (43,742 )
At 31 March 2023 (212,960 ) 516,500 303,540

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of the company.