Company Registration No. 10770321 (England and Wales)
Hendon Special Limited
Unaudited accounts
for the year ended 31 December 2023
Hendon Special Limited
Unaudited accounts
Contents
Hendon Special Limited
Company Information
for the year ended 31 December 2023
Company Number
10770321 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts.
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Hendon Special Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Hendon Special Limited for the year ended
31 December 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Hendon Special Limited, as a body, in accordance with the terms of our engagement letter dated 14 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of Hendon Special Limited and state those matters that we have agreed to state to the Board of Directors of Hendon Special Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hendon Special Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hendon Special Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hendon Special Limited. You consider that Hendon Special Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hendon Special Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
27 February 2024
Hendon Special Limited
Statement of financial position
as at 31 December 2023
Tangible assets
746
32,624
Investment property
1,887,922
1,887,922
Cash at bank and in hand
31,207
17,767
Creditors: amounts falling due within one year
(2,117,372)
(2,157,799)
Net current liabilities
(2,071,227)
(2,127,023)
Net liabilities
(182,559)
(206,477)
Called up share capital
100
100
Profit and loss account
(182,659)
(206,577)
Shareholders' funds
(182,559)
(206,477)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2024 and were signed on its behalf by
Mr E. Ostfeld
Director
Company Registration No. 10770321
Hendon Special Limited
Notes to the Accounts
for the year ended 31 December 2023
Hendon Special Limited is a private company, limited by shares, registered in England and Wales, registration number 10770321. The registered office is 103 High Street, Waltham Cross, Herts., EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rent receivable.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Hendon Special Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
107,591
122,845
230,436
At 31 December 2023
107,591
122,845
230,436
At 1 January 2023
93,265
104,547
197,812
Charge for the year
14,326
17,552
31,878
At 31 December 2023
107,591
122,099
229,690
At 31 December 2023
-
746
746
At 31 December 2022
14,326
18,298
32,624
Fair value at 1 January 2023
1,887,922
At 31 December 2023
1,887,922
Amounts falling due within one year
Accrued income and prepayments
3,140
3,662
Other debtors
11,798
9,346
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
270,000
Other creditors
2,057,277
1,820,000
Deferred income
57,040
62,138
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Hendon Special Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Transactions with related parties
The company was under the control of Mr E.Ostfeld and Mrs B.E.Ostfeld throughout the current year. Mr E.Ostfeld and Mrs B.E.Ostfeld are both personaaly interested in 50% of the company's share capital. Mr E.Ostfeld and Mrs B.E.Ostfeld each received a dividend from the company during the year of £Nil ( 2022 £4,000 ).
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).