1 January 2023 false Taxfiler 2024.1 10770321business:PrivateLimitedCompanyLtd2023-01-012023-12-31 107703212022-12-31 107703212023-01-012023-12-31 10770321business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10770321business:FilletedAccounts2023-01-012023-12-31 107703212023-12-31 10770321business:Director12023-01-012023-12-31 10770321business:RegisteredOffice2023-01-012023-12-31 107703212022-12-31 10770321core:WithinOneYear2023-12-31 10770321core:WithinOneYear2022-12-31 10770321core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10770321core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10770321core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10770321core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10770321core:PreviouslyStatedAmount2023-12-31 10770321core:PreviouslyStatedAmount2022-12-31 10770321business:SmallEntities2023-01-012023-12-31 10770321countries:EnglandWales2023-01-012023-12-31 10770321core:PlantMachinery2023-01-012023-12-31 10770321core:FurnitureFittings2023-01-012023-12-31 10770321core:PlantMachinery2022-12-31 10770321core:FurnitureFittings2022-12-31 10770321core:PlantMachinery2023-12-31 10770321core:FurnitureFittings2023-12-31 10770321business:OrdinaryShareClass12023-01-012023-12-31 10770321business:OrdinaryShareClass12022-01-012022-12-31 107703212022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
Hendon Special Limited Company Information for the year ended 31 December 2023
Director
Mr E. Ostfeld
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
- 3 -
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
- 4 -
Hendon Special Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
746 
32,624 
Investment property
1,887,922 
1,887,922 
1,888,668 
1,920,546 
Current assets
Debtors
14,938 
13,009 
Cash at bank and in hand
31,207 
17,767 
46,145 
30,776 
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)
Capital and reserves
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
- 5 -
Hendon Special Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rent receivable.
Investment property
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
- 6 -
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 
Depreciation
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 
Net book value
At 31 December 2023
- 
746 
746 
At 31 December 2022
14,326 
18,298 
32,624 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
1,887,922 
At 31 December 2023
1,887,922 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1 
Accrued income and prepayments
3,140 
3,662 
Other debtors
11,798 
9,346 
14,938 
13,009 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
270,000 
VAT
54 
546 
Trade creditors
832 
1,506 
Other creditors
2,057,277 
1,820,000 
Accruals
2,169 
3,609 
Deferred income
57,040 
62,138 
2,117,372 
2,157,799 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 7 -
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).
- 8 -