Company Registration No. 10950657 (England and Wales)
Hiew Property Investments Ltd
Unaudited accounts
for the year ended 30 September 2023
Hiew Property Investments Ltd
Unaudited accounts
Contents
Hiew Property Investments Ltd
Company Information
for the year ended 30 September 2023
Company Number
10950657 (England and Wales)
Registered Office
Suite 1-3 Hop Exchange
Southwark Street
London
SE1 1TY
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Hiew Property Investments Ltd
Accountants' report
Accountants' report to the director of Hiew Property Investments Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Hiew Property Investments Ltd for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Hiew Property Investments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Hiew Property Investments Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hiew Property Investments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hiew Property Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hiew Property Investments Ltd. You consider that Hiew Property Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hiew Property Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
12 June 2023
Hiew Property Investments Ltd
Statement of financial position
as at 30 September 2023
Investment property
165,000
150,000
Cash at bank and in hand
8,664
5,215
Creditors: amounts falling due within one year
(109,747)
(111,976)
Net current liabilities
(101,083)
(106,761)
Total assets less current liabilities
63,917
43,239
Creditors: amounts falling due after more than one year
(52,662)
(52,662)
Provisions for liabilities
Net assets/(liabilities)
8,405
(9,423)
Called up share capital
100
100
Revaluation reserve
15,000
-
Profit and loss account
(6,695)
(9,523)
Shareholders' funds
8,405
(9,423)
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 June 2024 and were signed on its behalf by
Elink Hiew
Director
Company Registration No. 10950657
Hiew Property Investments Ltd
Notes to the Accounts
for the year ended 30 September 2023
Hiew Property Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10950657. The registered office is Suite 1-3 Hop Exchange, Southwark Street, London, SE1 1TY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The going concern basis is considered to be appropriate as the company is dependent upon the support of its director.
The director has indicated that his support will continue for the foreseeable future.
Fair value at 1 October 2022
150,000
Net gain from fair value adjustments
15,000
At 30 September 2023
165,000
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
109,747
111,745
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
52,662
52,662
Included in other creditors are money borrowed from investors.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Hiew Property Investments Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Transactions with related parties
The company director Elink Hiew was owed £109,747 by the company as at 30th September 2023. The loan is interest free and payable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).