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REGISTERED NUMBER: 09831537 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

HVY Asset Investments Limited

HVY Asset Investments Limited (Registered number: 09831537)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HVY Asset Investments Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: I Aslam
Mrs S Imran





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
Docklands
London
E14 9XL





REGISTERED NUMBER: 09831537 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

HVY Asset Investments Limited (Registered number: 09831537)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,082 -
Investments 5 16,257 16,257
Investment property 6 1,510,000 785,270
1,529,339 801,527

CURRENT ASSETS
Debtors 7 109,138 86,138
Cash at bank 15,339 132,672
124,477 218,810
CREDITORS
Amounts falling due within one year 8 1,348,074 750,139
NET CURRENT LIABILITIES (1,223,597 ) (531,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,742

270,198

CREDITORS
Amounts falling due after more than one
year

9

(47,869

)

(47,883

)

PROVISIONS FOR LIABILITIES (71,238 ) (41,243 )
NET ASSETS 186,635 181,072

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 303,699 175,823
Retained earnings (117,164 ) 5,149
SHAREHOLDERS' FUNDS 186,635 181,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HVY Asset Investments Limited (Registered number: 09831537)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





I Aslam - Director


HVY Asset Investments Limited (Registered number: 09831537)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

HVY Asset Investments 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2022 - NIL).

HVY Asset Investments Limited (Registered number: 09831537)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 4,109
At 31 October 2023 4,109
DEPRECIATION
Charge for year 1,027
At 31 October 2023 1,027
NET BOOK VALUE
At 31 October 2023 3,082

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 16,257
NET BOOK VALUE
At 31 October 2023 16,257
At 31 October 2022 16,257

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 785,270
Additions 569,259
Revaluations 157,871
Reclassification/transfer (2,400 )
At 31 October 2023 1,510,000
NET BOOK VALUE
At 31 October 2023 1,510,000
At 31 October 2022 785,270

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 217,066
Valuation in 2023 157,872
Cost 1,135,062
1,510,000

HVY Asset Investments Limited (Registered number: 09831537)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 1,135,063 568,204

Investment property was valued on open market basis on 16 November 2023 by Sanderson Weatherall .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 109,138 86,138

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other loans 1,027,000 372,353
Directors' current accounts 321,073 367,062
Accrued expenses 1 10,724
1,348,074 750,139

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years 47,869 47,883

10. RESERVES
Fair
value
reserve
£   
At 1 November 2022 175,823
Revaluations 127,876

At 31 October 2023 303,699

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
HVY Asset Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HVY Asset Investments Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of HVY Asset Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HVY Asset Investments Limited and state those matters that we have agreed to state to the Board of Directors of HVY Asset Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HVY Asset Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that HVY Asset Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HVY Asset Investments Limited. You consider that HVY Asset Investments 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 financial statements of HVY Asset Investments 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 financial statements.






RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL


18 March 2024