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REGISTERED NUMBER: 12020497 (England and Wales)




















Financial Statements

for the Year Ended 31 March 2024

for

THE HATCH PROPERTY INVESTMENT LTD

THE HATCH PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12020497)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HATCH PROPERTY INVESTMENT LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K H Lee
K H Huang





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12020497 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

THE HATCH PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12020497)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 3,960
Tangible assets 5 123 1,426
Investment property 6 110,000 81,000
110,123 86,386

CURRENT ASSETS
Debtors 7 334 612
Cash at bank 18,135 10,979
18,469 11,591
CREDITORS
Amounts falling due within one year 8 (164,850 ) (160,099 )
NET CURRENT LIABILITIES (146,381 ) (148,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,258

)

(62,122

)

PROVISIONS FOR LIABILITIES (1,021 ) -
NET LIABILITIES (37,279 ) (62,122 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (37,379 ) (62,222 )
SHAREHOLDERS' FUNDS (37,279 ) (62,122 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

THE HATCH PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12020497)

Balance Sheet - continued
31 March 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 9 August 2024 and were signed on its behalf by:




K H Huang - Director



K H Lee - Director


THE HATCH PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12020497)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Hatch Property Investment 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 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business know how are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE HATCH PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12020497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 19,797
AMORTISATION
At 1 April 2023 15,837
Charge for year 3,960
At 31 March 2024 19,797
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 3,960

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 5,704 964 6,668
Additions - 184 184
At 31 March 2024 5,704 1,148 6,852
DEPRECIATION
At 1 April 2023 4,278 964 5,242
Charge for year 1,426 61 1,487
At 31 March 2024 5,704 1,025 6,729
NET BOOK VALUE
At 31 March 2024 - 123 123
At 31 March 2023 1,426 - 1,426

THE HATCH PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12020497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 81,000
Revaluations 29,000
At 31 March 2024 110,000
NET BOOK VALUE
At 31 March 2024 110,000
At 31 March 2023 81,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 (23,627 )
Valuation in 2024 29,000
Cost 104,627
110,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 334 612

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 264
Other creditors 164,850 159,835
164,850 160,099

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
100 100

10. RESERVES

The reserves include an amount of £4,352 that relates to the, net of tax, revaluation of investment property. This amount is not distributable.

THE HATCH PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12020497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.