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Registered number: 10429939
Hozah Parking Limited
Unaudited Financial Statements
For the Period 1 May 2023 to 31 December 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10429939
31 December 2023 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 259 307
Tangible Assets 5 1,343,855 1,017,105
Investments 6 1 1
1,344,115 1,017,413
CURRENT ASSETS
Debtors 7 995,200 615,505
Cash at bank and in hand 184,963 162,800
1,180,163 778,305
Creditors: Amounts Falling Due Within One Year 8 (4,617,609 ) (4,111,445 )
NET CURRENT ASSETS (LIABILITIES) (3,437,446 ) (3,333,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,093,331 ) (2,315,727 )
NET LIABILITIES (2,093,331 ) (2,315,727 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (2,093,431 ) (2,315,827 )
SHAREHOLDERS' FUNDS (2,093,331) (2,315,727)
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For the period ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Fowle
Director
26th September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hozah Parking Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10429939 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
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
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks. They are amortised to profit and loss account over the estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Car Parking Equipment 12.5% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 26 (2023: 27)
26 27
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 450
As at 31 December 2023 450
Amortisation
As at 1 May 2023 143
Provided during the period 48
As at 31 December 2023 191
Net Book Value
As at 31 December 2023 259
As at 1 May 2023 307
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5. Tangible Assets
Car Parking Equipment Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 1,090,815 45,517 70,369 1,206,701
Additions 446,451 - 3,802 450,253
As at 31 December 2023 1,537,266 45,517 74,171 1,656,954
Depreciation
As at 1 May 2023 112,366 43,435 33,795 189,596
Provided during the period 113,316 1,686 8,501 123,503
As at 31 December 2023 225,682 45,121 42,296 313,099
Net Book Value
As at 31 December 2023 1,311,584 396 31,875 1,343,855
As at 1 May 2023 978,449 2,082 36,574 1,017,105
6. Investments
Unlisted
£
Cost
As at 1 May 2023 1
As at 31 December 2023 1
Provision
As at 1 May 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1
As at 1 May 2023 1
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7. Debtors
31 December 2023 30 April 2023
£ £
Due within one year
Trade debtors 472,920 301,698
Prepayments and accrued income 49,968 5,100
Other debtors 169,897 5,395
Corporation tax recoverable assets - 108,491
VAT 66,187 71,069
Amounts owed by subsidiaries 236,228 123,752
995,200 615,505
8. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 April 2023
£ £
Trade creditors 241,226 387,399
Other taxes and social security 35,062 63,776
Other creditors 453,879 281,872
Accruals and deferred income 2,299 -
Directors' loan accounts 98,466 77,005
Amounts owed to parent undertaking 3,786,677 3,301,393
4,617,609 4,111,445
9. Share Capital
31 December 2023 30 April 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in Other Creditors is a balance of £3,786,378 (2023: £3,301,393) owed to the parent company. This amount is non-interest bearing and repayable on demand.
Included in Other Debtors is a balance of £236,228 (2023: £123,753) owed from a wholly owned subsidiary. This amount is non-interest bearing and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Hozah Limited by virtue of its ownership of 100% of the issued share capital in the company.
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