Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12782748 Dr Jagdeep Hans Mr Hardeep Hans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12782748 2022-07-31 12782748 2023-07-31 12782748 2022-08-01 2023-07-31 12782748 frs-core:CurrentFinancialInstruments 2023-07-31 12782748 frs-core:Non-currentFinancialInstruments 2023-07-31 12782748 frs-core:ComputerEquipment 2023-07-31 12782748 frs-core:ComputerEquipment 2022-08-01 2023-07-31 12782748 frs-core:ComputerEquipment 2022-07-31 12782748 frs-core:FurnitureFittings 2023-07-31 12782748 frs-core:FurnitureFittings 2022-08-01 2023-07-31 12782748 frs-core:FurnitureFittings 2022-07-31 12782748 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 12782748 frs-core:InvestmentPropertyIncludedWithinPPE 2022-07-31 12782748 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 12782748 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 12782748 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12782748 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 12782748 frs-core:RevaluationReserve 2022-08-01 2023-07-31 12782748 frs-core:RevaluationReserve 2022-07-31 12782748 frs-core:RevaluationReserve 2023-07-31 12782748 frs-core:ShareCapital 2023-07-31 12782748 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12782748 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12782748 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12782748 frs-bus:SmallEntities 2022-08-01 2023-07-31 12782748 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12782748 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12782748 frs-bus:Director1 2022-08-01 2023-07-31 12782748 frs-bus:Director2 2022-08-01 2023-07-31 12782748 frs-countries:Scotland 2022-08-01 2023-07-31 12782748 2021-07-31 12782748 2022-07-31 12782748 2021-08-01 2022-07-31 12782748 frs-core:CurrentFinancialInstruments 2022-07-31 12782748 frs-core:Non-currentFinancialInstruments 2022-07-31 12782748 frs-core:RevaluationReserve 2022-07-31 12782748 frs-core:ShareCapital 2022-07-31 12782748 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12782748
Hanslink Ltd
Financial Statements
For The Year Ended 31 July 2023
Northgate Accounting Services Limited
1 MacDowall Street
Paisley
PA3 2NB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12782748
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,914,998 3,737,724
3,914,998 3,737,724
CURRENT ASSETS
Debtors 5 8,716 7,058
Cash at bank and in hand 1,692 802
10,408 7,860
Creditors: Amounts Falling Due Within One Year 6 (1,911,943 ) (2,070,210 )
NET CURRENT ASSETS (LIABILITIES) (1,901,535 ) (2,062,350 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,013,463 1,675,374
Creditors: Amounts Falling Due After More Than One Year 7 (1,318,080 ) (1,052,317 )
NET ASSETS 695,383 623,057
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 900,000 700,000
Profit and Loss Account (204,619 ) (76,945 )
SHAREHOLDERS' FUNDS 695,383 623,057
Page 1
Page 2
For the year ending 31 July 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hardeep Hans
Director
13th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hanslink Ltd is a private company, limited by shares, incorporated in Scotland, registered number 12782748 . The registered office is 49, High Street, Egham, TW20 9EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% Reducing Balance
Leasehold 10% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 August 2022 3,636,318 - 135,209 - 3,771,527
Additions 75,569 - (60,934 ) 566 15,201
Revaluation 200,000 - - - 200,000
As at 31 July 2023 3,911,887 - 74,275 566 3,986,728
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 - - 33,803 - 33,803
Provided during the period 37,785 - - 142 37,927
As at 31 July 2023 37,785 - 33,803 142 71,730
Net Book Value
As at 31 July 2023 3,874,102 - 40,472 424 3,914,998
As at 1 August 2022 3,636,318 - 101,406 - 3,737,724
5. Debtors
2023 2022
£ £
Due within one year
VAT 8,716 7,058
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 54,872 -
Corporation tax 200 -
Other taxes and social security 24,038 23,086
Other creditors (1 ) 5,488
Accruals and deferred income 3,000 1,500
Directors' loan accounts 1,829,834 2,040,136
1,911,943 2,070,210
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,318,080 1,052,317
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 August 2022 700,000
Surplus on revaluation 200,000
As at 31 July 2023 900,000
Page 4