IRIS Accounts Production v23.3.1.45 04744215 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047442152022-03-31047442152023-03-31047442152022-04-012023-03-31047442152021-03-31047442152021-04-012022-03-31047442152022-03-3104744215ns10:Originalns15:EnglandWales2022-04-012023-03-3104744215ns14:PoundSterlingns10:Original2022-04-012023-03-3104744215ns10:Originalns10:Director12022-04-012023-03-3104744215ns10:Original2022-04-012023-03-3104744215ns10:Original2023-03-3104744215ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104744215ns10:Originalns10:SmallEntities2022-04-012023-03-3104744215ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104744215ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104744215ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104744215ns10:Originalns10:FullAccounts2022-04-012023-03-3104744215ns10:Original12022-04-012023-03-3104744215ns10:Originalns10:Director22022-04-012023-03-3104744215ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104744215ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104744215ns10:Original2022-03-3104744215ns10:Originalns5:CurrentFinancialInstruments2023-03-3104744215ns10:Originalns5:CurrentFinancialInstruments2022-03-3104744215ns5:ShareCapitalns10:Original2023-03-3104744215ns5:ShareCapitalns10:Original2022-03-3104744215ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104744215ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104744215ns10:Originalns5:NetGoodwill2022-04-012023-03-3104744215ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3104744215ns10:Originalns5:PlantMachinery2022-04-012023-03-3104744215ns10:Original2021-04-012022-03-3104744215ns10:Originalns5:NetGoodwill2022-03-3104744215ns10:Originalns5:NetGoodwill2023-03-3104744215ns10:Originalns5:NetGoodwill2022-03-3104744215ns10:Originalns5:PlantMachinery2022-03-3104744215ns10:Originalns5:PlantMachinery2023-03-3104744215ns10:Originalns5:PlantMachinery2022-03-3104744215ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104744215ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 04744215 (England and Wales)









Financial Statements

for the Year Ended 31 March 2023

for

HLR Residential Limited

HLR Residential Limited (Registered number: 04744215)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HLR Residential Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: V A Hicks
J Wiggins





SECRETARY: V A Hicks





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 04744215 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

HLR Residential Limited (Registered number: 04744215)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 40,164
Tangible assets 5 1,191 3,483
1,191 43,647

CURRENT ASSETS
Debtors 6 459,241 19,569
Cash at bank 482,040 414,280
941,281 433,849
CREDITORS
Amounts falling due within one year 7 (643,977 ) (294,278 )
NET CURRENT ASSETS 297,304 139,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,495

183,218

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 298,395 183,118
SHAREHOLDERS' FUNDS 298,495 183,218

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





V A Hicks - Director


HLR Residential Limited (Registered number: 04744215)

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

1. STATUTORY INFORMATION

HLR Residential 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income is recognised when the service is provided.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HLR Residential Limited (Registered number: 04744215)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 803,299
AMORTISATION
At 1 April 2022 763,135
Charge for year 40,164
At 31 March 2023 803,299
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 40,164

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 29,789
DEPRECIATION
At 1 April 2022 26,306
Charge for year 2,292
At 31 March 2023 28,598
NET BOOK VALUE
At 31 March 2023 1,191
At 31 March 2022 3,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 224,548 17,392
Other debtors 234,693 2,177
459,241 19,569

HLR Residential Limited (Registered number: 04744215)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,860 1,054
Taxation and social security 173,138 72,813
Other creditors 462,979 220,411
643,977 294,278

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end are amounts of £330,754 (2022: £100,959) and £1,274 (2022: £2,992) due to the directors V A Hicks and J Wiggins respectively. Aggregate interest of £868 (2022: £950) has been charged on the overdrawn balances during the year at a rate of 2%.

The following advances have taken place during the year and are deemed material;

J Wiggins
July 2022£13,864
December 2022£54,661
February 2023£15,344

There have been no other advances which individually were considered material and no other individual advances exceeding £10,000 to the directors during the year.