Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-052023-04-052022-04-06truefalse7Buying and selling of own real estate. Other letting and operating of own or leased real estate7falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03849740 2022-04-06 2023-04-05 03849740 2021-04-06 2022-04-05 03849740 2023-04-05 03849740 2022-04-05 03849740 c:Director1 2022-04-06 2023-04-05 03849740 d:MotorVehicles 2022-04-06 2023-04-05 03849740 d:MotorVehicles 2023-04-05 03849740 d:MotorVehicles 2022-04-05 03849740 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 03849740 d:FurnitureFittings 2022-04-06 2023-04-05 03849740 d:FurnitureFittings 2023-04-05 03849740 d:FurnitureFittings 2022-04-05 03849740 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 03849740 d:ComputerEquipment 2022-04-06 2023-04-05 03849740 d:ComputerEquipment 2023-04-05 03849740 d:ComputerEquipment 2022-04-05 03849740 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 03849740 d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 03849740 d:FreeholdInvestmentProperty 2022-04-06 2023-04-05 03849740 d:FreeholdInvestmentProperty 2023-04-05 03849740 d:FreeholdInvestmentProperty 2022-04-05 03849740 d:CurrentFinancialInstruments 2023-04-05 03849740 d:CurrentFinancialInstruments 2022-04-05 03849740 d:Non-currentFinancialInstruments 2023-04-05 03849740 d:Non-currentFinancialInstruments 2022-04-05 03849740 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 03849740 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 03849740 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-05 03849740 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-05 03849740 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-05 03849740 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-05 03849740 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-05 03849740 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-05 03849740 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-05 03849740 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-04-05 03849740 d:ShareCapital 2023-04-05 03849740 d:ShareCapital 2022-04-05 03849740 d:RetainedEarningsAccumulatedLosses 2023-04-05 03849740 d:RetainedEarningsAccumulatedLosses 2022-04-05 03849740 c:OrdinaryShareClass1 2022-04-06 2023-04-05 03849740 c:OrdinaryShareClass1 2023-04-05 03849740 c:OrdinaryShareClass1 2022-04-05 03849740 c:FRS102 2022-04-06 2023-04-05 03849740 c:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 03849740 c:FullAccounts 2022-04-06 2023-04-05 03849740 c:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 03849740 2 2022-04-06 2023-04-05 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03849740














HOUNSLOW ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  5 APRIL 2023

 
HOUNSLOW ESTATES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
HOUNSLOW ESTATES LIMITED
REGISTERED NUMBER:03849740

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,008
20,098

Investment property
 5 
6,762,923
6,080,040

  
6,779,931
6,100,138

Current assets
  

Debtors: amounts falling due within one year
 6 
913,517
242,867

Bank and cash balances
  
17,326
979,209

  
930,843
1,222,076

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,413,663)
(1,253,091)

Net current liabilities
  
 
 
(482,820)
 
 
(31,015)

Total assets less current liabilities
  
6,297,111
6,069,123

Creditors: amounts falling due after more than one year
 8 
(2,053,996)
(1,914,393)

Net assets
  
4,243,115
4,154,730


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
4,243,015
4,154,630

  
4,243,115
4,154,730


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
HOUNSLOW ESTATES LIMITED
REGISTERED NUMBER:03849740
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 February 2024.




S R Khan
Directors

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
HOUNSLOW ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

Hounslow Estates Limited is a private limited liability company incorporated in England and Wales with its registered office address at 9 Pebworth Road, Harrow, Middlesex, HA1 3UB.
The principal activity of the Company is that of property investment.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises rents receivable excluding value added tax. 
Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income. 

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HOUNSLOW ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
15%
Reducing Balance
Fixtures and fittings
-
15%
Reducing Balance
Computer equipment
-
25%
Redcuing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
HOUNSLOW ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.11

Debtors

Short term debtors are measured at the transaction price.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 6 April 2022
10,794
140,403
1,266
152,463



At 5 April 2023

10,794
140,403
1,266
152,463



Depreciation


At 6 April 2022
4,828
127,022
515
132,365


Charge for the year on owned assets
895
2,007
188
3,090



At 5 April 2023

5,723
129,029
703
135,455



Net book value



At 5 April 2023
5,071
11,374
563
17,008



At 5 April 2022
5,966
13,381
751
20,098

Page 5

 
HOUNSLOW ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

5.


Investment property


Freehold investment property

£



Valuation


At 6 April 2022
6,080,040


Additions at cost
682,883



At 5 April 2023
6,762,923

The 2023 valuations were made by the directors, on an open market value for existing use basis.



At 5 April 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
6,554,432
5,871,549


6.


Debtors

2023
2022
£
£

Trade debtors
24,485
26,580

Other debtors
867,194
185,081

Prepayments and accrued income
21,838
31,206

913,517
242,867


Page 6

 
HOUNSLOW ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4,205
17,654

Bank loans
77,205
73,778

Trade creditors
15,600
-

Taxation and social security
46,883
137,700

Other creditors
1,246,790
1,000,020

Accruals and deferred income
22,980
23,939

1,413,663
1,253,091



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,053,996
1,914,393



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
77,205
73,778

Amounts falling due 1-2 years

Bank loans
80,727
77,144

Amounts falling due 2-5 years

Bank loans
149,030
231,142

Amounts falling due after more than 5 years

Bank loans
1,824,238
1,606,107

2,131,200
1,988,171


The bank loans is secured by a fixed and floating charge over the assets of the company.

Page 7

 
HOUNSLOW ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 8