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REGISTERED NUMBER: 02732644 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st July 2023

for

Hungref Limited

Hungref Limited (Registered number: 02732644)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hungref Limited

Company Information
for the Year Ended 31st July 2023







DIRECTOR: R C Peterson





REGISTERED OFFICE: 1st Floor
130 High Street
Marlborough
Wiltshire
SN8 1LZ





REGISTERED NUMBER: 02732644 (England and Wales)





ACCOUNTANTS: Bew & Co Limited
Chartered Accountants
130 High Street
Marlborough
Wiltshire
SN8 1LZ

Hungref Limited (Registered number: 02732644)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10 13
Investment property 5 470,000 470,000
470,010 470,013

CURRENT ASSETS
Debtors 6 154 1,090
Cash at bank 757 1,745
911 2,835
CREDITORS
Amounts falling due within one year 7 284,095 293,051
NET CURRENT LIABILITIES (283,184 ) (290,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,826

179,797

PROVISIONS FOR LIABILITIES 21,961 21,961
NET ASSETS 164,865 157,836

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 164,863 157,834
SHAREHOLDERS' FUNDS 164,865 157,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

Hungref Limited (Registered number: 02732644)

Balance Sheet - continued
31st July 2023


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 director and authorised for issue on 5th March 2024 and were signed by:





R C Peterson - Director


Hungref Limited (Registered number: 02732644)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Hungref 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 as modified by the revaluation of certain assets.

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% on cost and 25% 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.

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 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.

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 2 (2022 - 2 ) .

Hungref Limited (Registered number: 02732644)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 3,458
DEPRECIATION
At 1st August 2022 3,445
Charge for year 3
At 31st July 2023 3,448
NET BOOK VALUE
At 31st July 2023 10
At 31st July 2022 13

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022
and 31st July 2023 470,000
NET BOOK VALUE
At 31st July 2023 470,000
At 31st July 2022 470,000

Fair value at 31st July 2023 is represented by:
£   
Valuation in 2021 115,586
Cost 354,414
470,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 821
Other debtors 154 269
154 1,090

Hungref Limited (Registered number: 02732644)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 1,096
Amounts owed to associates 218,507 219,907
Taxation and social security 1,650 1,590
Other creditors 63,938 70,458
284,095 293,051