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REGISTERED NUMBER: 13455431 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

HO PROPERTY 5 LIMITED

HO PROPERTY 5 LIMITED (REGISTERED NUMBER: 13455431)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


HO PROPERTY 5 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr H Ovaisi



REGISTERED OFFICE: Unit 3-4
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 13455431 (England and Wales)



BANKERS: Barclays Bank
63/67 Terminus Road
Eastbourne
BN21 3NE

HO PROPERTY 5 LIMITED (REGISTERED NUMBER: 13455431)

ABRIDGED BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,965 8,348
Investment property 5 78,000 175,500
84,965 183,848

CURRENT ASSETS
Cash at bank 1,442 4,014

CREDITORS
Amounts falling due within one year 95,784 232,611
NET CURRENT LIABILITIES (94,342 ) (228,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,377

)

(44,749

)

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (9,378 ) (44,750 )
SHAREHOLDERS' FUNDS (9,377 ) (44,749 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:




Mr H Ovaisi - Director


HO PROPERTY 5 LIMITED (REGISTERED NUMBER: 13455431)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Ho Property 5 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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover
Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The company's investment property is held for long-term investment and is included in the Balance Sheet at open market value. The surplus or deficit on revaluation of freehold property is transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment property.

Rental income
Rents received are calculated on the accruals basis, net of VAT.

3. EMPLOYEES AND DIRECTORS

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

HO PROPERTY 5 LIMITED (REGISTERED NUMBER: 13455431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 10,435
Additions 740
At 30 June 2023 11,175
DEPRECIATION
At 1 July 2022 2,087
Charge for year 2,123
At 30 June 2023 4,210
NET BOOK VALUE
At 30 June 2023 6,965
At 30 June 2022 8,348

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 175,500
Disposals (97,500 )
At 30 June 2023 78,000
NET BOOK VALUE
At 30 June 2023 78,000
At 30 June 2022 175,500

The company disposed of part of 5 Cavendish Street, Ulverston during the year by granting a 125 year lease to WPA Trustees Ltd for £125,000. The company will pay minimal rent for the duration of the lease.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1

HO PROPERTY 5 LIMITED (REGISTERED NUMBER: 13455431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. RELATED PARTY DISCLOSURES

During the year So Legal Ltd, a company controlled by Mr H Ovaisi, loaned the company £148,750 (2022: £161,875)

During the year HO Property 4 Ltd, a company controlled by Mr H Ovaisi, loaned the company £1,000 (2022: Nil)

During the year HO Property 3 Ltd, a company controlled by Mr H Ovaisi, loaned the company £5,986 (2022: Nil)

During the year 8 Cornfield Terrace Ltd, a company controlled by Mr H Ovaisi, loaned the company £2,150 (2022: £2,150)

HO Property 6 Ltd, a company controlled by Mr H Ovaisi, loaned the company £22,500 (2022: £Nil)

HOHO Properties Ltd, a company controlled by Mr H Ovaisi, loaned the company £54,500 ( 2022: £ Nil)

HO Property 2 Ltd, a company controlled by Mr H Ovaisi, loaned the company £750 (2022: £Nil)

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H Ovaisi.