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Registered number: 08621131

Hitchin 16 Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023

Prepared By:
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA

Hitchin 16 Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
DIRECTORS
Azeem Ahmed
REGISTERED OFFICE
Unit 17, 25 Orbital Business Park
Watford
WD18 9DA
COMPANY DETAILS
Private company limited by shares registered in England & Wales, registered number 08621131
ACCOUNTANTS
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA

Hitchin 16 Limited

ACCOUNTS
FOR THEYEARENDED30/09/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Hitchin 16 Limited

BALANCE SHEET AT 30/09/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3350,000180,000
CURRENT ASSETS
Debtors56,2011,109
Cash at bank and in hand27583
6,2281,692
CREDITORS: Amounts falling due within one year64,6027,919
NET CURRENT ASSETS / (LIABILITIES)1,626(6,227)
TOTAL ASSETS LESS CURRENT LIABILITIES351,626173,773
PROVISIONS FOR LIABILITIES AND CHARGES773,66832,368
NET ASSETS277,958141,405
CAPITAL AND RESERVES
Called up share capital822
Revaluation reserve1c,986,14986,149
Profit and loss account191,80755,254
SHAREHOLDERS' FUNDS277,958141,405
For the year ending 30/09/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/01/2024 and signed on their behalf by
.............................
Azeem Ahmed
Director

Hitchin 16 Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Cost
At 30/09/2023
Depreciation
At 30/09/2023
Net Book Amounts
At 30/09/2023

Hitchin 16 Limited

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/10/2022180,000180,000
Revaluation170,000170,000
At 30/09/2023350,000350,000
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors6,000-
VAT2011,109
6,2011,109
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account4,002385
Trade creditors-1,014
Other creditors-6,520
Accruals600-
4,6027,919
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation73,66832,368
73,66832,368

Hitchin 16 Limited

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
9. REVALUATION RESERVE 20232022
££
Revaluation reserve86,14986,149
86,14986,149
10. CONTROLLING PARTY
The director maintains control over the company by virtue of holding 100% of the shareholdings in Ford Spare Parts.
11. RELATED PARTY TRANSACTIONS
Balance owed to director at start of the year : £385.
Balance owed to director at the end of the year : £4,002.
The loan are interest free and payable on demand.