IRIS Accounts Production v24.1.9.2 09906236 Board of Directors 31.12.22 30.12.23 30.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099062362022-12-30099062362023-12-30099062362022-12-312023-12-30099062362021-12-31099062362022-01-012022-12-30099062362022-12-3009906236ns15:EnglandWales2022-12-312023-12-3009906236ns14:PoundSterling2022-12-312023-12-3009906236ns10:Director12022-12-312023-12-3009906236ns10:PrivateLimitedCompanyLtd2022-12-312023-12-3009906236ns10:SmallEntities2022-12-312023-12-3009906236ns10:AuditExempt-NoAccountantsReport2022-12-312023-12-3009906236ns10:SmallCompaniesRegimeForDirectorsReport2022-12-312023-12-3009906236ns10:SmallCompaniesRegimeForAccounts2022-12-312023-12-3009906236ns10:FullAccounts2022-12-312023-12-3009906236ns10:Director22022-12-312023-12-3009906236ns10:RegisteredOffice2022-12-312023-12-3009906236ns5:CurrentFinancialInstruments2023-12-3009906236ns5:CurrentFinancialInstruments2022-12-3009906236ns5:Non-currentFinancialInstruments2023-12-3009906236ns5:Non-currentFinancialInstruments2022-12-3009906236ns5:ShareCapital2023-12-3009906236ns5:ShareCapital2022-12-3009906236ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3009906236ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3009906236ns5:RetainedEarningsAccumulatedLosses2023-12-3009906236ns5:RetainedEarningsAccumulatedLosses2022-12-3009906236ns5:LeaseholdImprovements2022-12-312023-12-3009906236ns5:PlantMachinery2022-12-312023-12-3009906236ns5:FurnitureFittings2022-12-312023-12-3009906236ns5:LeaseholdImprovements2022-12-3009906236ns5:PlantMachinery2022-12-3009906236ns5:FurnitureFittings2022-12-3009906236ns5:LeaseholdImprovements2023-12-3009906236ns5:PlantMachinery2023-12-3009906236ns5:FurnitureFittings2023-12-3009906236ns5:LeaseholdImprovements2022-12-3009906236ns5:PlantMachinery2022-12-3009906236ns5:FurnitureFittings2022-12-3009906236ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3009906236ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3009906236ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3009906236ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3009906236ns5:Secured2023-12-3009906236ns5:Secured2022-12-3009906236ns10:Director222022-12-3009906236ns10:Director222021-12-3109906236ns10:Director222022-12-312023-12-3009906236ns10:Director222022-01-012022-12-3009906236ns10:Director222023-12-3009906236ns10:Director222022-12-30099062361ns10:Director12022-12-30099062361ns10:Director12021-12-31099062361ns10:Director12022-12-312023-12-30099062361ns10:Director12022-01-012022-12-30099062361ns10:Director12023-12-30099062361ns10:Director12022-12-30
REGISTERED NUMBER: 09906236 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 December 2023

for

HR Real Estate Ltd

HR Real Estate Ltd (Registered number: 09906236)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HR Real Estate Ltd

Company Information
for the Year Ended 30 December 2023







DIRECTORS: R Khanna
H Jolapara





REGISTERED OFFICE: 3 Somerset Gardens
Wembley
HA0 3BP





REGISTERED NUMBER: 09906236 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

HR Real Estate Ltd (Registered number: 09906236)

Balance Sheet
30 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 13,653 18,058
Investment property 4 2,706,000 2,686,000
2,719,653 2,704,058

CURRENT ASSETS
Debtors 5 337,119 284,299
Cash at bank 9,978 21,903
347,097 306,202
CREDITORS
Amounts falling due within one year 6 (271,111 ) (282,186 )
NET CURRENT ASSETS 75,986 24,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,795,639

2,728,074

CREDITORS
Amounts falling due after more than one year 7 (2,489,660 ) (2,492,732 )

PROVISIONS FOR LIABILITIES (65,337 ) (61,537 )
NET ASSETS 240,642 173,805

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 278,540 262,340
Retained earnings 9 (37,899 ) (88,536 )
SHAREHOLDERS' FUNDS 240,642 173,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

HR Real Estate Ltd (Registered number: 09906236)

Balance Sheet - continued
30 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 12 August 2024 and were signed on its behalf by:





H Jolapara - Director


HR Real Estate Ltd (Registered number: 09906236)

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

1. 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 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.
Improvements to property - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

HR Real Estate Ltd (Registered number: 09906236)

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

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 31 December 2022
and 30 December 2023 647 2,313 24,949 27,909
DEPRECIATION
At 31 December 2022 104 1,900 7,847 9,851
Charge for year 26 104 4,275 4,405
At 30 December 2023 130 2,004 12,122 14,256
NET BOOK VALUE
At 30 December 2023 517 309 12,827 13,653
At 30 December 2022 543 413 17,102 18,058

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022 2,686,000
Revaluations 20,000
At 30 December 2023 2,706,000
NET BOOK VALUE
At 30 December 2023 2,706,000
At 30 December 2022 2,686,000

Fair value at 30 December 2023 is represented by:
£   
Valuation in 2019 43,444
Valuation in 2020 7,310
Valuation in 2021 113,000
Valuation in 2022 160,123
Valuation in 2023 20,000
Cost 2,362,123
2,706,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

HR Real Estate Ltd (Registered number: 09906236)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 192,940 192,415
Other debtors - 847
Directors' current accounts 144,179 88,228
Prepayments - 2,809
337,119 284,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,870 4,033
Amounts owed to associates 253,998 255,911
Corporation tax - 3,188
Other creditors 4,249 4,250
Directors' current accounts - 13,364
Accrued expenses 2,994 1,440
271,111 282,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bounce Back loan - more than 1 25,775 37,167
Other loans - 2-5 years 2,463,885 2,455,565
2,489,660 2,492,732

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 35,645 41,200

9. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

HR Real Estate Ltd (Registered number: 09906236)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 December 2023 and the period ended 30 December 2022:

2023 2022
£    £   
R Khanna
Balance outstanding at start of year 88,228 26,371
Amounts advanced 5,034 88,383
Amounts repaid - (26,526 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,262 88,228

H Jolapara
Balance outstanding at start of year (13,364 ) (165,364 )
Amounts advanced 64,281 152,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,917 (13,364 )

11. RELATED PARTY DISCLOSURES

At the year end the Ltd company owed Dipex Lettings and Management Limited £166,572 (2022: £166,572), Annika Properties Limited £192,940 (2022: £192,415) and RH Real Estate Limited £87,426 (2022: £89,339).