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REGISTERED NUMBER: 10920600 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

HAGLEY PORTFOLIO LTD

HAGLEY PORTFOLIO LTD (REGISTERED NUMBER: 10920600)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HAGLEY PORTFOLIO LTD

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Kidar Joshi





REGISTERED OFFICE: 12 Warley Croft
Oldbury
West Midlands
B68 9JQ





REGISTERED NUMBER: 10920600 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

HAGLEY PORTFOLIO LTD (REGISTERED NUMBER: 10920600)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 903 1,204

CURRENT ASSETS
Debtors 5 568,989 568,989
Cash at bank 49,728 59,099
618,717 628,088
CREDITORS
Amounts falling due within one year 6 378,947 411,815
NET CURRENT ASSETS 239,770 216,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,673

217,477

CREDITORS
Amounts falling due after more than one
year

7

(12,636

)

(18,998

)

PROVISIONS FOR LIABILITIES 9 (225 ) (228 )
NET ASSETS 227,812 198,251

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 227,810 198,249
SHAREHOLDERS' FUNDS 227,812 198,251

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

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

HAGLEY PORTFOLIO LTD (REGISTERED NUMBER: 10920600)

Statement of Financial Position - continued
31 August 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 18 April 2024 and were signed by:





Kidar Joshi - Director


HAGLEY PORTFOLIO LTD (REGISTERED NUMBER: 10920600)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Hagley Portfolio 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.

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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

HAGLEY PORTFOLIO LTD (REGISTERED NUMBER: 10920600)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2022
and 31 August 2023 5,071
DEPRECIATION
At 1 September 2022 3,867
Charge for year 301
At 31 August 2023 4,168
NET BOOK VALUE
At 31 August 2023 903
At 31 August 2022 1,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 43,500
Other debtors 568,989 525,489
568,989 568,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 6,277 6,278
Corporation Tax 7,821 44,968
Directors' current accounts 363,348 358,441
Accrued expenses 1,501 2,128
378,947 411,815

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 12,636 18,998

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,277 6,278

HAGLEY PORTFOLIO LTD (REGISTERED NUMBER: 10920600)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,277 6,277

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,359 12,721

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 225 228

Deferred
tax
£   
Balance at 1 September 2022 228
Provided during year (3 )
Balance at 31 August 2023 225

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

11. RESERVES
Retained
earnings
£   

At 1 September 2022 198,249
Profit for the year 29,561
At 31 August 2023 227,810