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REGISTERED NUMBER: 05997363 (England and Wales)











HANOVER RESIDENTIAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HANOVER RESIDENTIAL LTD (REGISTERED NUMBER: 05997363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HANOVER RESIDENTIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Goldstone





REGISTERED OFFICE: 201 Haverstock Hill
Belsize Park
London
NW3 4QG





REGISTERED NUMBER: 05997363 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG

HANOVER RESIDENTIAL LTD (REGISTERED NUMBER: 05997363)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,884 99,709
Investments 5 11 11
86,895 99,720

CURRENT ASSETS
Debtors 6 45,294 12,737
Cash at bank 944,380 1,132,715
989,674 1,145,452
CREDITORS
Amounts falling due within one year 7 143,966 252,612
NET CURRENT ASSETS 845,708 892,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

932,603

992,560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 932,503 992,460
SHAREHOLDERS' FUNDS 932,603 992,560

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

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

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 16 February 2024 and were signed by:




J Goldstone - Director


HANOVER RESIDENTIAL LTD (REGISTERED NUMBER: 05997363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hanover Residential 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 - 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

HANOVER RESIDENTIAL LTD (REGISTERED NUMBER: 05997363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 66,003 81,525 147,528
Additions - 1,386 1,386
Disposals - (7,992 ) (7,992 )
At 31 December 2023 66,003 74,919 140,922
DEPRECIATION
At 1 January 2023 - 47,819 47,819
Charge for year - 14,211 14,211
Eliminated on disposal - (7,992 ) (7,992 )
At 31 December 2023 - 54,038 54,038
NET BOOK VALUE
At 31 December 2023 66,003 20,881 86,884
At 31 December 2022 66,003 33,706 99,709

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 11
NET BOOK VALUE
At 31 December 2023 11
At 31 December 2022 11

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,494 10,785
Other debtors 800 1,952
45,294 12,737

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,378 88,503
Taxation and social security 125,162 161,451
Other creditors 2,426 2,658
143,966 252,612