HAB PROPERTY INVESTMENTS LTD |
Registered number: |
11496699 |
Balance Sheet |
as at 31 August 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
624,681 |
|
|
615,007 |
|
Current assets |
Cash at bank and in hand |
|
|
16,037 |
|
|
11,944 |
|
Creditors: amounts falling due within one year |
4 |
|
(43,018) |
|
|
(48,037) |
|
Net current liabilities |
|
|
|
(26,981) |
|
|
(36,093) |
|
Total assets less current liabilities |
|
|
|
597,700 |
|
|
578,914 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(547,174) |
|
|
(555,134) |
|
|
|
Net assets |
|
|
|
50,526 |
|
|
23,780 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
4 |
|
|
4 |
Revaluation reserve |
7 |
|
|
34,638 |
|
|
34,638 |
Profit and loss account |
|
|
|
15,884 |
|
|
(10,862) |
|
Shareholders' funds |
|
|
|
50,526 |
|
|
23,780 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Jack Garey |
Director |
Approved by the board on 30 March 2024 |
|
HAB PROPERTY INVESTMENTS LTD |
Notes to the Accounts |
for the year ended 31 August 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Property renovations |
|
Furnishings |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2022 |
578,156 |
|
22,684 |
|
14,167 |
|
615,007 |
|
Additions |
- |
|
- |
|
9,674 |
|
9,674 |
|
At 31 August 2023 |
578,156 |
|
22,684 |
|
23,841 |
|
624,681 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 August 2023 |
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2023 |
578,156 |
|
22,684 |
|
23,841 |
|
624,681 |
|
At 31 August 2022 |
578,156 |
|
22,684 |
|
14,167 |
|
615,007 |
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
40,700 |
|
46,656 |
|
Trade creditors |
2,318 |
|
1,381 |
|
|
|
|
|
|
43,018 |
|
48,037 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Building Society loan |
301,016 |
|
301,016 |
|
Bank loan |
206,526 |
|
206,526 |
|
Other creditors - shareholders |
39,632 |
|
47,592 |
|
|
|
|
|
|
547,174 |
|
555,134 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
|
Secured bank and building society loans |
507,542 |
|
507,542 |
|
|
|
|
|
|
|
|
|
|
OneSavings Bank PLC and The Mortgage Works (Uk) PLC have legal charges on the freehold property known as 64, Reservoir Road, Birmingham, B16 9EF. OneSavings Bank PlC has a legal charge on the freehold property known as 38 Daisy Road, Birmingham, B16 9DZ. |
|
|
7 |
Revaluation reserve |
2023 |
|
2022 |
£ |
£ |
|
|
At 1 September 2022 |
34,638 |
|
34,638 |
|
|
At 31 August 2023 |
34,638 |
|
34,638 |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
HAB PROPERTY INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
70 Brooklands Road, Hall green, Birmingham, West Midlands B28 8JZ |