Company Registration No. 14909192 (England and Wales)
Hi Props Ltd
Unaudited accounts
for the period from 1 June 2023 to 30 June 2024
Hi Props Ltd
Unaudited accounts
Contents
Hi Props Ltd
Company Information
for the period from 1 June 2023 to 30 June 2024
Directors
Mr Ghulam Haider ISMAIL
Dr Haleema SULTAN
Company Number
14909192 (England and Wales)
Registered Office
5 Gadwall Croft
Birmingham
B23 7RN
England
Hi Props Ltd
Statement of financial position
as at 30 June 2024
Investment property
218,082
Cash at bank and in hand
1,068
Total assets less current liabilities
219,507
Creditors: amounts falling due after more than one year
(221,082)
Profit and loss account
(1,575)
Shareholders' funds
(1,575)
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by
Mr Ghulam Haider ISMAIL
Director
Company Registration No. 14909192
Hi Props Ltd
Notes to the Accounts
for the period from 1 June 2023 to 30 June 2024
Hi Props Ltd is a private company, limited by shares, registered in England and Wales, registration number 14909192. The registered office is 5 Gadwall Croft, Birmingham, B23 7RN, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment Property
Property Address: 303 George Road
Net Book Value: £218,082.00
Details:
The company, Hi Props Ltd, holds an investment property located at 303 George Road.
As of the reporting date, the net book value of this property stands at £218,082.00.
The property was acquired to generate rental income and for capital appreciation.
Amounts falling due within one year
Accrued income and prepayments
357
Hi Props Ltd
Notes to the Accounts
for the period from 1 June 2023 to 30 June 2024
6
Creditors: amounts falling due after more than one year
2024
Loans from directors
221,082
The company, Hi Props Ltd, has received loans from its directors, Dr. Haleema Sultan and Mr. Ghulam Haider Ismail, to facilitate the acquisition of company assets. Details of the loans provided by the directors are as follows:
Dr. Haleema Sultan:
Amount loaned: £85,000.00
Purpose: Acquisition of assets
Interest: Dr. Haleema Sultan is entitled to charge interest on the loan amount as per the agreed terms.
Mr. Ghulam Haider Ismail:
Amount loaned: £136,082.00
Purpose: Acquisition of assets
Interest: Mr. Ghulam Haider Ismail is entitled to charge interest on the loan amount as per the agreed terms.
Loan Summary:
Total loans provided by directors: £221,082.00
These loans are recognized as liabilities in the company's balance sheet under director loans.
The interest charged by the directors on these loans will be accounted for in the company's financial statements as per the agreed interest rates and terms.
Note: The directors have the right to charge interest on the loan amounts advanced to Hi Props Ltd. The interest expenses incurred will be reflected in the company's profit and loss account.
7
Average number of employees
During the period the average number of employees was 0.