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Registered number: 13719339
Hasmo Trading Limited
Directors' Report and
Unaudited Financial Statements
For the Period 1 December 2022 to 29 February 2024
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Director T J Mohr
Company Number 13719339
Registered Office 103 Belper Road
Derby
DE1 3ES
Accountants Exceed Accountants Limited
Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
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Page 2
Directors' Report
The directors present their report and the financial statements for the period ended 29 February 2024.
Principal Activity
The company's principal activity is letting and operating of own or leased real estate.
Directors
The directors who held office during the period were as follows:
T J Mohr
T A Haslam Resigned 07/11/2023
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
T J Mohr
Director
30/08/2024
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Page 3
Accountants' Report
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at period ended 29 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Signed
30/08/2024
Exceed Accountants Limited
Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
Page 3
Page 4
Statement of Income and Retained Earnings
29 February 2024 30 November 2022
Notes £ £
TURNOVER 53,407 14,001
GROSS PROFIT 53,407 14,001
Administrative expenses (125,775 ) (110,222 )
Other operating income 187 -
OPERATING LOSS (72,181 ) (96,221 )
Other interest receivable and similar income - 10
LOSS FOR THE FINANCIAL PERIOD (72,181 ) (96,211 )
RETAINED EARNINGS
As at 1 December 2022 (96,211 ) -
As at 29 February 2024 (168,392 ) (96,211 )
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
29 February 2024 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,175,926 1,013,250
1,175,926 1,013,250
CURRENT ASSETS
Debtors 5 57,898 79,034
Cash at bank and in hand 54,525 12,053
112,423 91,087
Creditors: Amounts Falling Due Within One Year 6 (456,731 ) (100,538 )
NET CURRENT ASSETS (LIABILITIES) (344,308 ) (9,451 )
TOTAL ASSETS LESS CURRENT LIABILITIES 831,618 1,003,799
Creditors: Amounts Falling Due After More Than One Year 7 (1,000,000 ) (1,100,000 )
NET LIABILITIES (168,382 ) (96,201 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (168,392 ) (96,211 )
SHAREHOLDERS' FUNDS (168,382) (96,201)
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For the period ending 29 February 2024 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
T J Mohr
Director
30/08/2024
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Hasmo Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13719339 . The registered office is 103 Belper Road, Derby, DE1 3ES.
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. Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
2.3. Turnover
Turnover represents rents receivable on commercial properties within the UK. Rents are receivable on a monthly basis and where payments are receivable from tenants for periods ending after the balance sheet date, the relevant proportion of rent receivable is recorded as deferred income and included as part of creditors due within one year.
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.
2.5. Change in Financial Reporting Date
The company has changed its financial reporting date from 30 November to 29 February to better align with the reporting dates of related parties.  The comparative figures are not entirely comparable as the current reporting period is for 15 months
as opposed to only 12 months.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: NIL)
- -
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4. Tangible Assets
Investment Properties
£
Cost
As at 1 December 2022 1,013,250
Additions 162,676
As at 29 February 2024 1,175,926
Net Book Value
As at 29 February 2024 1,175,926
As at 1 December 2022 1,013,250
5. Debtors
29 February 2024 30 November 2022
£ £
Due within one year
Trade debtors 8,508 5,600
Prepayments and accrued income - 11,154
Other debtors - 48,000
VAT 49,390 14,280
57,898 79,034
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 30 November 2022
£ £
Trade creditors 7,477 30,749
Other creditors 441,308 1,066
Accruals and deferred income 1,400 1,400
Directors' loan accounts 6,546 67,323
456,731 100,538
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7. Creditors: Amounts Falling Due After More Than One Year
29 February 2024 30 November 2022
£ £
Shareholder loan investment 1,000,000 1,100,000
1,000,000 1,100,000
8. Share Capital
29 February 2024 30 November 2022
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1 each 10 10
9. Related Party Transactions
At the balance sheet date, included under debtors due within one year, is an amount owed by a related party, Retagged Warehouse Limited of £33,366 (2022: £1,066 owed by the company) . This loan is interest-free, of no fixed term and repayable on deman. 
At the balance sheet date, included under creditors due within one year, is an amount of £6,546 (2022: £67,323) owed to the director. This loan is interest-free, of no fixed term and repayable on demand.
At the balance sheet date, included under creditors due within more than one year, is an amount of £1,000,000 (2022: £880,000) owed to the shareholders. These loans are interest-free, of no fixed term. 
10. Taxation
At the year end, the company has carried forward losses of £168,356 (2022: £96,181) which it can utilise against future taxable profits.
Page 9