Registered number
12086360
HUSEYIN K PROPERTIES LTD
Filleted Accounts
31 July 2023
HUSEYIN K PROPERTIES LTD
Registered number: 12086360
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 426,230 426,230
Current assets
Cash at bank and in hand 939 936
Creditors: amounts falling due within one year 4 (2,440) (2,604)
Net current liabilities (1,501) (1,668)
Total assets less current liabilities 424,729 424,562
Creditors: amounts falling due after more than one year 5 (433,962) (432,983)
Net liabilities (9,233) (8,421)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,333) (8,521)
Shareholder's funds (9,233) (8,421)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Huseyin KAYGISIZ
Director
Approved by the board on 17 April 2024
HUSEYIN K PROPERTIES LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the property income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is not provided on land & buildings.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2022 426,230
At 31 July 2023 426,230
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 426,230
At 31 July 2022 426,230
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,440 2,604
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 288,312 288,313
Other creditors 145,650 144,670
433,962 432,983
6 Other information
HUSEYIN K PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
48a Marrilyne Avenue
Enfield
EN3 6EG
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