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REGISTERED NUMBER: 05790090 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HEMICK LIMITED

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEMICK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Chaudhry
A Chaudhry
H Chopra





REGISTERED OFFICE: Aegis House
491 London Road
Isleworth
Middlesex
TW7 4DA





REGISTERED NUMBER: 05790090 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 50 50
Investment property 6 3,150,683 3,135,000
3,150,733 3,135,050

CURRENT ASSETS
Debtors 7 320,053 283,837
Cash in hand 95,493 61,248
415,546 345,085
CREDITORS
Amounts falling due within one year 8 65,316 87,268
NET CURRENT ASSETS 350,230 257,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,500,963

3,392,867

CREDITORS
Amounts falling due after more than one
year

9

(765,000

)

(708,033

)

PROVISIONS FOR LIABILITIES (247,893 ) (247,893 )
NET ASSETS 2,488,070 2,436,941

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 1,156,728 1,156,728
Retained earnings 10 1,330,342 1,279,213
SHAREHOLDERS' FUNDS 2,488,070 2,436,941

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 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.

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

BALANCE SHEET - continued
31 DECEMBER 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 1 August 2024 and were signed on its behalf by:





A Chaudhry - Director


HEMICK LIMITED (REGISTERED NUMBER: 05790090)

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


1. STATUTORY INFORMATION

Hemick 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents rents received, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 years straight line.

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.

3. EMPLOYEES AND DIRECTORS

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

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,218
DEPRECIATION
At 1 January 2023
and 31 December 2023 3,218
NET BOOK VALUE
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 50
NET BOOK VALUE
At 31 December 2023 50
At 31 December 2022 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 3,135,000
Additions 15,683
At 31 December 2023 3,150,683
NET BOOK VALUE
At 31 December 2023 3,150,683
At 31 December 2022 3,135,000

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

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


6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 781,016
Valuation in 2018 475,000
Valuation in 2020 25,000
Valuation in 2022 123,605
Cost 1,746,062
3,150,683

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,994 1,185
Other debtors 297,059 282,652
320,053 283,837

Other debtors include a loan of £275,103 (2022 - £275,103) to Banbury Properties Limited, an associate company, in which Mr A Chaudhry is a director.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 60,500
Trade creditors 1,369 851
Taxation and social security 17,910 10,207
Other creditors 46,037 15,710
65,316 87,268

Other creditors include a loan of £28,378 (2022 - £NIL) owed to JCC (1967) Limited, a company in which Mr J Chaudhry and Mr A Chaudhry are directors.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 765,000 708,033

The above Investec Bank plc's loan is secured by the company's property. Interest is charged at 1.99% over the Investec Bank Base Rate. The loan maturity date is 11 June 2033.

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

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


10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 1,279,213 1,156,728 2,435,941
Profit for the year 51,129 51,129
At 31 December 2023 1,330,342 1,156,728 2,487,070

11. CONTROLLING PARTY

The company is controlled by Aegis Assets Limited, a company incorporated in the British Virgin Islands.

12. ULTIMATE CONTROL

Ultimate control is excercised by the directors, by virtue of their shareholdings in the parent company.