0 false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 261,740 261,740 261,740 xbrli:pure xbrli:shares iso4217:GBP 10518193 2024-01-01 2024-06-30 10518193 2024-06-30 10518193 2023-12-31 10518193 2023-12-31 10518193 bus:OrdinaryShareClass1 2024-01-01 2024-06-30 10518193 bus:Director1 2024-01-01 2024-06-30 10518193 bus:Director2 2024-01-01 2024-06-30 10518193 core:WithinOneYear 2024-06-30 10518193 core:WithinOneYear 2023-12-31 10518193 core:LandBuildings core:LongLeaseholdAssets 2024-01-01 2024-06-30 10518193 core:ShareCapital 2024-06-30 10518193 core:ShareCapital 2023-12-31 10518193 core:RetainedEarningsAccumulatedLosses 2024-06-30 10518193 core:RetainedEarningsAccumulatedLosses 2023-12-31 10518193 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 10518193 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 10518193 bus:SmallEntities 2024-01-01 2024-06-30 10518193 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-06-30 10518193 bus:FullAccounts 2024-01-01 2024-06-30 10518193 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-06-30 10518193 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-06-30 10518193 bus:OrdinaryShareClass1 2024-06-30 10518193 bus:OrdinaryShareClass1 2023-12-31
COMPANY REGISTRATION NUMBER: 10518193
HASPC LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
HASPC LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2024 TO 30 JUNE 2024
Contents
Page
Balance sheet 1
Notes to the financial statements 2
HASPC LIMITED
BALANCE SHEET
30 June 2024
30 Jun 24
31 Dec 23
Note
£
£
Fixed assets
Tangible assets
5
261,740
Current assets
Debtors
6
518
Cash at bank and in hand
50,666
3,342
------------
------------
50,666
3,860
Creditors: amounts falling due within one year
7
( 47,665)
( 263,226)
------------
------------
Net current assets/(liabilities)
3,001
( 259,366)
------------
------------
Total assets less current liabilities
3,001
2,374
------------
------------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
3,000
2,373
------------
------------
Shareholders funds
3,001
2,374
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 July 2024 , and are signed on behalf of the board by:
Mrs HV Solomons
Mr AP Solomons
Director
Director
Company registration number: 10518193
HASPC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2024 TO 30 JUNE 2024
1. General information
The company is a private company limited by shares, company registration number 10518193 , registered in England and Wales. The address of the registered office is 3 James Court, Almondbury, Huddersfield HD4 6SA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover, being rental income, is recognised when receivable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets, being residential investment properties, are initially recorded at cost, and subsequently stated at fair value at the date of revaluation less any subsequent accumulated impairment losses. The three properties have been sold to external buyers in the period.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employees
The average number of employees in the period, being the Directors, was 2 (2023 : 2).
5. Tangible assets
Long leasehold property
£
Cost
At 1 January 2024
261,740
Disposals
( 261,740)
------------
At 30 June 2024
------------
Depreciation
At 1 January 2024 and 30 June 2024
------------
Carrying amount
At 30 June 2024
------------
At 31 December 2023
261,740
------------
6. Debtors
30 Jun 24
31 Dec 23
£
£
Other debtors
518
------------
------------
7. Creditors: amounts falling due within one year
30 Jun 24
31 Dec 23
£
£
Corporation tax
12,697
1,226
Director loan accounts
34,968
262,000
------------
------------
47,665
263,226
------------
------------
8. Called up share capital
Issued, called up and fully paid
30 Jun 24
31 Dec 23
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
------------
------------
------------
------------