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REGISTERED NUMBER: 04530772 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Hannan Developments Ltd

Hannan Developments Ltd (Registered number: 04530772)






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


Hannan Developments Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr J P Hannan



SECRETARY: Mrs G Hannan



REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP



REGISTERED NUMBER: 04530772 (England and Wales)



ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP



BANKERS: Lloyds Bank
St.Thomas Square
Newport
Isle of Wight
PO30

Hannan Developments Ltd (Registered number: 04530772)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,690 61,732

CURRENT ASSETS
Stocks 74,120 15,000
Debtors 5 44,913 60,297
Cash at bank 53,251 18,209
172,284 93,506
CREDITORS
Amounts falling due within one year 6 173,999 84,273
NET CURRENT (LIABILITIES)/ASSETS (1,715 ) 9,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,975

70,965

CREDITORS
Amounts falling due after more than one year 7 30,833 40,833
NET ASSETS 37,142 30,132

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 37,140 30,130
SHAREHOLDERS' FUNDS 37,142 30,132

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.

Hannan Developments Ltd (Registered number: 04530772)

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 29 January 2024 and were signed by:





Mr J P Hannan - Director


Hannan Developments Ltd (Registered number: 04530772)

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

1. STATUTORY INFORMATION

Hannan Developments Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Hannan Developments Ltd (Registered number: 04530772)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 102,181
Additions 59,584
Disposals (40,150 )
At 30 September 2023 121,615
DEPRECIATION
At 1 October 2022 40,449
Charge for year 12,480
Eliminated on disposal (1,004 )
At 30 September 2023 51,925
NET BOOK VALUE
At 30 September 2023 69,690
At 30 September 2022 61,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 1,787
Other debtors 44,913 58,510
44,913 60,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 43,410 34,931
Trade creditors 67,623 4,580
Taxation and social security 1,702 (1,435 )
Other creditors 61,264 46,197
173,999 84,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Other creditors 30,833 40,833

Hannan Developments Ltd (Registered number: 04530772)

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

8. RELATED PARTY DISCLOSURES

Sales in the year include a property development for other family members and Island New Developments Ltd, a company under their control. These have all been arms length transactions.

At the year end, other debtors includes a loan of £5000 due from Sandown Storage Ltd and £9072 from Island New Developments Ltd, companies under common control. These loans are interest free and repayable on demand.