H&H NORTHEAST PROPERTY LTD

Company Registration Number:
13052958 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

H&H NORTHEAST PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

H&H NORTHEAST PROPERTY LTD

Company Information

for the Period Ended 31 December 2023




Registered office: 1
Halidon Walk
Croftin Grange
Blyth
Northumberland
GBR
NE24 4JY
Company Registration Number: 13052958 (England and Wales)

H&H NORTHEAST PROPERTY LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 104,328 104,328
Total fixed assets: 104,328 104,328
Current assets
Debtors: 5 391 377
Cash at bank and in hand: 1,851 1,057
Total current assets: 2,242 1,434
Prepayments and accrued income: 55 46
Creditors: amounts falling due within one year: 6 ( 47,589 ) ( 33,391 )
Net current assets (liabilities): ( 45,292 ) ( 31,911 )
Total assets less current liabilities: 59,036 72,417
Creditors: amounts falling due after more than one year: 7 ( 68,513 ) ( 68,513 )
Provision for liabilities: ( 1,813 ) ( 1,813 )
Accruals and deferred income: ( 81 ) ( 72 )
Total net assets (liabilities): ( 11,371 ) 2,019

The notes form part of these financial statements

H&H NORTHEAST PROPERTY LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 8 7,727 7,727
Profit and loss account: ( 19,198 ) ( 5,808 )
Shareholders funds: ( 11,371 ) 2,019

For the year ending 31 December 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.

This report was approved by the board of directors on 1 September 2024
And Signed On Behalf Of The Board By:

Name: TAK KEI HO
Status: Director

The notes form part of these financial statements

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover
    Turnover is measured at the fair value of the consideration received or receivable, excluding discount, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Investment property
    Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognized in profit or loss.

    Other accounting policies

    Taxation Taxation for the period comprises current and deferred tax. Tax is recognized in the Income Statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognized 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.

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 January 2023 104,328 104,328
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 104,328 104,328
Depreciation
At 01 January 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 December 2023 - -
Net book value
At 31 December 2023 104,328 104,328
At 31 December 2022 104,328 104,328

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors


2023
£

2022
£
Prepayments and accrued income 391 377
Total 391 377

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Accruals and deferred income 81 72
Other creditors 47,508 33,319
Total 47,589 33,391

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 68,513 68,513
Total 68,513 68,513

H&H NORTHEAST PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Revaluation reserve


2023
£
Balance at 01 January 2023 7,727
Surplus or deficit after revaluation 0
Balance at 31 December 2023 7,727

Revaluation gain in 2022 £9,540 - deferred tax arising on revaluation £1,813=£7,727