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REGISTERED NUMBER: 03822770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HAPCO LTD.

HAPCO LTD. (REGISTERED NUMBER: 03822770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAPCO LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C J Purchase
H A Purchase





SECRETARY: H A Purchase





REGISTERED OFFICE: 395 St Albans Road West
Hatfield
Hertfordshire
AL10 9RU





REGISTERED NUMBER: 03822770 (England and Wales)





ACCOUNTANT: M P Dorling BA(Hons.) ACA ATII
The Firs
Levens Green
Old Hall Green
Ware
Hertfordshire
SG11 1HD

HAPCO LTD. (REGISTERED NUMBER: 03822770)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179 941
Investment property 5 1,693,687 1,693,687
1,693,866 1,694,628

CURRENT ASSETS
Stocks 969 475
Debtors 6 87 296
Cash at bank 12,296 5,709
13,352 6,480
CREDITORS
Amounts falling due within one year 7 1,054,136 1,085,861
NET CURRENT LIABILITIES (1,040,784 ) (1,079,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,082

615,247

PROVISIONS FOR LIABILITIES 26,608 26,608
NET ASSETS 626,474 588,639

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 271,425 271,425
Retained earnings 354,949 317,114
626,474 588,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

HAPCO LTD. (REGISTERED NUMBER: 03822770)

BALANCE SHEET - continued
30 APRIL 2024


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 17 July 2024 and were signed on its behalf by:





C J Purchase - Director


HAPCO LTD. (REGISTERED NUMBER: 03822770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Hapco 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.

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.
Plant and machinery etc - 25% on cost

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

HAPCO LTD. (REGISTERED NUMBER: 03822770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 18,658
DEPRECIATION
At 1 May 2023 17,717
Charge for year 762
At 30 April 2024 18,479
NET BOOK VALUE
At 30 April 2024 179
At 30 April 2023 941

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,693,687
NET BOOK VALUE
At 30 April 2024 1,693,687
At 30 April 2023 1,693,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87 296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,534 4,099
Other creditors 1,044,602 1,081,762
1,054,136 1,085,861

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 271,425