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Registered number: 09316245

HI TEK HOMES LTD

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
R S Accounting Services
49 Glanmor Road
Slough
Berkshire
SL2 5LH

HI TEK HOMES LTD

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Manjit Singh Gill
RAVINDRA SINGH ARORA
REGISTERED OFFICE
21 West Drive
Sonning
Reading
Berkshire
RG4 6GE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09316245
ACCOUNTANTS
R S Accounting Services
49 Glanmor Road
Slough
Berkshire
SL2 5LH

HI TEK HOMES LTD

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

HI TEK HOMES LTD

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets21,825,7701,825,770
CURRENT ASSETS
Cash at bank and in hand11,38623,798
11,38623,798
CREDITORS: Amounts falling due within one year439,76461,556
NET CURRENT LIABILITIES(28,378)(37,758)
TOTAL ASSETS LESS CURRENT LIABILITIES1,797,3921,788,012
CREDITORS: Amounts falling due after more than one year51,476,0741,524,361
NET ASSETS321,318263,651
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account321,218263,551
SHAREHOLDERS' FUNDS321,318263,651
For the year ending 30/11/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/08/2024 and signed on their behalf by
.............................
Manjit Singh Gill
Director

HI TEK HOMES LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
Investment property was purchased in March 2015 with intent to rent.
2. TANGIBLE FIXED ASSETS
Cost
At 30/11/2023
Depreciation
At 30/11/2023
Net Book Amounts
At 30/11/2023
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/12/20221,825,7701,825,770
At 30/11/20231,825,7701,825,770

HI TEK HOMES LTD

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax15,25235,194
Other creditors(Rent Deposit)21,20022,450
Accruals3,3123,912
39,76461,556
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr-605,297
Loans >1yr231,455694,551
Loans >1yr1,244,619224,513
1,476,0741,524,361
6. EMPLOYEES
20232022
No.No.
Average number of employees--
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100