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Registered Number: 12907405
England and Wales

 

 

 

HIK PROPERTIES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023
  2023   2022
    £ £   £ £
Fixed assets   680,425      380,425 
Current assets 239,317      39,658   
Prepayments and accrued income     303,449   
Creditors: amount falling due within one year (25,272)     (16,016)  
Net current assets   214,045      327,091 
Total assets less current liabilities   894,470      707,516 
Creditors: amount falling due after more than one year   (746,651)     (644,467)
Net assets   147,819      63,049 
 

         
Capital and reserves   147,819      63,049 
 
NOTES TO THE ACCOUNTS

General Information
HIK PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12907405, registration address 20 LANSDOWN VIEW, BRISTOL BRISTOL, BS15 4AW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of  any trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 October 2022 380,425    380,425 
Additions 300,000    300,000 
Disposals  
At 30 September 2023 680,425    680,425 
Depreciation
At 01 October 2022  
Charge for year  
On disposals  
At 30 September 2023  
Net book values
Closing balance as at 30 September 2023 680,425    680,425 
Opening balance as at 01 October 2022 380,425    380,425 

The net book value of Land and Buildings includes £ 680,425 (2022 £380,425) in respect of assets leased under finance leases or hire purchase contracts.

3.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 18 June 2024 and were signed by:


--------------------------------
Hamza AJAIB
Director
1