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REGISTERED NUMBER: 03009934 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2023

for

Habco Property Investment Company
Limited

Habco Property Investment Company
Limited (Registered number: 03009934)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Habco Property Investment Company
Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: J H F Habbin





SECRETARY:





REGISTERED OFFICE: 6 Moatlands
Wickersley
Rotherham
South Yorkshire
S66 1DQ





REGISTERED NUMBER: 03009934 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Habco Property Investment Company
Limited (Registered number: 03009934)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,020,000 1,020,000

CURRENT ASSETS
Debtors 5 5,726 2,067
Cash at bank 16,671 20,209
22,397 22,276
CREDITORS
Amounts falling due within one year 6 266,720 264,612
NET CURRENT LIABILITIES (244,323 ) (242,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

775,677

777,664

PROVISIONS FOR LIABILITIES 8 32,991 25,073
NET ASSETS 742,686 752,591

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 9 386,040 386,040
Retained earnings 356,146 366,051
742,686 752,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Habco Property Investment Company
Limited (Registered number: 03009934)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





J H F Habbin - Director


Habco Property Investment Company
Limited (Registered number: 03009934)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Habco Property Investment Company 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Habco Property Investment Company
Limited (Registered number: 03009934)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,020,000
NET BOOK VALUE
At 30 September 2023 1,020,000
At 30 September 2022 1,020,000

The cost value of the investment property totalled £633,959 with the re valued amount standing at £1,020,000 @ 28/02/2019.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,354 -
Prepayments 2,372 2,067
5,726 2,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 7) 249,000 249,000
Trade creditors (1 ) 1
Tax 9,416 9,136
Social security and other taxes 151 151
VAT 3,244 2,938
Directors' current accounts 1,910 1,283
Accrued expenses 3,000 2,103
266,720 264,612

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 249,000 249,000

Habco Property Investment Company
Limited (Registered number: 03009934)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 32,991 25,073

Deferred
tax
£   
Balance at 1 October 2022 25,073
Balance at 30 September 2023 25,073

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF -
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 32,991

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


9. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 386,040