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Registered Number: 10845215
England and Wales

 

 

 

SHWH HMO LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Istvan Szanda
Registered Number 10845215
Registered Office 32 Oban Street
London
E14 0HZ
Accountants No1 Accountants Ltd
1 Coldbath Square
London
EC1R 5HL
1
Accountants report
You consider that the company is exempt from an audit for the year ended 31 December 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity, and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts.



....................................................
No1 Accountants Ltd
1 Coldbath Square
London
EC1R 5HL
27 March 2024
2
 
 
Notes
 
2023
£
  2022
£
Investment Property      
Tangible fixed assets 3 1,800,000    1,800,000 
1,800,000    1,800,000 
Current assets      
Cash at bank and in hand 1,185    185 
Creditors: amount falling due within one year 4 (218,826)   (279,511)
Net current liabilities (217,641)   (279,326)
 
Total assets less current liabilities 1,582,359    1,520,674 
Creditors: amount falling due after more than one year 5 (662,168)   (598,841)
Provisions for liabilities 6 (206,690)   (206,690)
Net assets 713,501    715,143 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 713,401    715,043 
Shareholder's funds 713,501    715,143 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 March 2024 and were signed by:


-------------------------------
Istvan Szanda
Director
3
General Information
SHWH HMO LTD is a private company, limited by shares, registered in England and Wales, registration number 10845215, registration address 32 Oban Street, London, E14 0HZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director's compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortization is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 January 2023 1,800,000    1,800,000 
Additions  
Disposals  
At 31 December 2023 1,800,000    1,800,000 
Depreciation
At 01 January 2023  
Charge for year  
On disposals  
At 31 December 2023  
Net book values
Closing balance as at 31 December 2023 1,800,000    1,800,000 
Opening balance as at 01 January 2023 1,800,000    1,800,000 


4.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts   80,400 
Corporation Tax   1,139 
Accrued Expenses 1,758    1,758 
Other Creditors 25,038    10,828 
Directors' Current Accounts 192,030    185,386 
218,826    279,511 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 662,168    598,841 
662,168    598,841 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 206,690    206,690 
206,690    206,690 

4