Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-3122022-08-01truefalseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01736649 2022-08-01 2023-07-31 01736649 2021-08-01 2022-07-31 01736649 2023-07-31 01736649 2022-07-31 01736649 c:Director1 2022-08-01 2023-07-31 01736649 d:FurnitureFittings 2022-08-01 2023-07-31 01736649 d:FurnitureFittings 2023-07-31 01736649 d:FurnitureFittings 2022-07-31 01736649 d:CurrentFinancialInstruments 2023-07-31 01736649 d:CurrentFinancialInstruments 2022-07-31 01736649 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 01736649 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 01736649 d:ShareCapital 2023-07-31 01736649 d:ShareCapital 2022-07-31 01736649 d:RetainedEarningsAccumulatedLosses 2023-07-31 01736649 d:RetainedEarningsAccumulatedLosses 2022-07-31 01736649 c:FRS102 2022-08-01 2023-07-31 01736649 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 01736649 c:FullAccounts 2022-08-01 2023-07-31 01736649 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 01736649









HAMLET PROPERTY DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
HAMLET PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 01736649

BALANCE SHEET
AS AT 31 JULY 2023

2023
2023
2022
2022
                                                                            Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
130,422
131,065

Cash at bank and in hand
  
1,181
1,042

  
131,603
132,107

Creditors: amounts falling due within one year
 6 
(275,886)
(307,512)

Net current liabilities
  
 
 
(144,283)
 
 
(175,405)

Total assets less current liabilities
  
(144,283)
(175,405)

  

Net liabilities
  
(144,283)
(175,405)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(144,383)
(175,505)

  
(144,283)
(175,405)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
HAMLET PROPERTY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 01736649
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 December 2023.




................................................
D J Lichtig Esq
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HAMLET PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Hamlet Property Developments Limited ("the Company") operates in property management. The company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, England, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As part of their going concern review, the directors' have followed the guidelines published by the Financial Reporting Council entitled "Going Concern and Liquidity Risk Guidance for UK Companies 2009". The directors' have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis the directors' consider that the going concern basis of accounting remains appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HAMLET PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following annual basis:

Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial asset and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
HAMLET PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
HAMLET PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 August 2022
4,043



At 31 July 2023

4,043



Depreciation


At 1 August 2022
4,043



At 31 July 2023

4,043



Net book value



At 31 July 2023
-



At 31 July 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
130,000
100,000

Amounts owed by group undertakings
-
30,000

Other debtors
422
468

Prepayments and accrued income
-
597

130,422
131,065


Page 6

 
HAMLET PROPERTY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,631
8,647

Amounts owed to group undertakings
249,760
292,311

Corporation tax
7,995
2,054

Accruals
4,500
4,500

275,886
307,512



7.Guarantees

Hamlet Property Developments Limited is a guarantor for the bank borrowings of Hamlet Property (Alton) LLP, a fellow subsidiary. At the balance sheet date the amounts so guaranteed amounted to £835,000  (2022 - £835,000). The amounts so guaranteed are secured by a debenture dated 11 July 2013 incorporating a fixed and floating charge over the company and all its present and future property and assets. 


8.


Related party transactions

During the year the company engaged in transactions with an entity holding a participating interest in the company. At the balance sheet date the company owed this entity £98,023 (2022 - £99,778).  

 
Page 7