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REGISTERED NUMBER: 14101499 (England and Wales)















Financial Statements for the Period 11 May 2022 to 31 May 2023

for

HW Octagon Properties Limited

HW Octagon Properties Limited (Registered number: 14101499)






Contents of the Financial Statements
for the Period 11 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HW Octagon Properties Limited

Company Information
for the Period 11 May 2022 to 31 May 2023







DIRECTORS: O Bar
E Farkash





REGISTERED OFFICE: 2a Fortis Green
London
N2 9EL





REGISTERED NUMBER: 14101499 (England and Wales)





ACCOUNTANTS: AS Associates
Chartered Certified Accountants
11A Empire Parade
Empire Way
Wembley
Middlesex
HA9 0RQ

HW Octagon Properties Limited (Registered number: 14101499)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,902,702

CURRENT ASSETS
Debtors 5 384,124
Cash at bank 1,541
385,665
CREDITORS
Amounts falling due within one year 6 221,414
NET CURRENT ASSETS 164,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,066,953

CREDITORS
Amounts falling due after more than one
year

7

2,158,850
NET LIABILITIES (91,897 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 9 (91,997 )
SHAREHOLDERS' FUNDS (91,897 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

HW Octagon Properties Limited (Registered number: 14101499)

Balance Sheet - continued
31 May 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 16 January 2024 and were signed on its behalf by:





E Farkash - Director


HW Octagon Properties Limited (Registered number: 14101499)

Notes to the Financial Statements
for the Period 11 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

HW Octagon Properties 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.

Going Concern,
During the year, the Company has been funded by its shareholders, who have indicated that they will continue to provide funding whenever required for the foreseeable future.On this basis, the director considers it appropriate to prepare the financial statements on the "Going Concern Basis". The financial statements do not incudes any adjustments that would result from the withdrawal of funding facility by the Company's Shareholder.

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

Taxation
Taxation for the period 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 period 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 period was NIL.

HW Octagon Properties Limited (Registered number: 14101499)

Notes to the Financial Statements - continued
for the Period 11 May 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 1,902,702
At 31 May 2023 1,902,702
NET BOOK VALUE
At 31 May 2023 1,902,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 384,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 17,317
Amounts owed to associates 204,097
221,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 1,260,000
Other creditors 898,850
2,158,850

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,260,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

9. RESERVES
Retained
earnings
£   

Deficit for the period (91,997 )
At 31 May 2023 (91,997 )