Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13256696 Mr Sulaimaan Mohammed Akhtar Mr Pervez Akhtar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13256696 2023-03-31 13256696 2024-03-31 13256696 2023-04-01 2024-03-31 13256696 frs-core:CurrentFinancialInstruments 2024-03-31 13256696 frs-core:Non-currentFinancialInstruments 2024-03-31 13256696 frs-core:FurnitureFittings 2024-03-31 13256696 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13256696 frs-core:FurnitureFittings 2023-03-31 13256696 frs-core:ShareCapital 2024-03-31 13256696 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13256696 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13256696 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13256696 frs-bus:SmallEntities 2023-04-01 2024-03-31 13256696 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13256696 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13256696 frs-bus:Director1 2023-04-01 2024-03-31 13256696 frs-bus:Director2 2023-04-01 2024-03-31 13256696 frs-countries:EnglandWales 2023-04-01 2024-03-31 13256696 2022-03-31 13256696 2023-03-31 13256696 2022-04-01 2023-03-31 13256696 frs-core:CurrentFinancialInstruments 2023-03-31 13256696 frs-core:Non-currentFinancialInstruments 2023-03-31 13256696 frs-core:ShareCapital 2023-03-31 13256696 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13256696
Hamilton Property Partnership Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13256696
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,708 18,277
Investment Properties 5 4,642,300 4,642,300
4,656,008 4,660,577
CURRENT ASSETS
Cash at bank and in hand 12,421 283,378
12,421 283,378
Creditors: Amounts Falling Due Within One Year 6 (8,264 ) (20,822 )
NET CURRENT ASSETS (LIABILITIES) 4,157 262,556
TOTAL ASSETS LESS CURRENT LIABILITIES 4,660,165 4,923,133
Creditors: Amounts Falling Due After More Than One Year 7 (4,473,471 ) (4,758,913 )
NET ASSETS 186,694 164,220
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 186,594 164,120
SHAREHOLDERS' FUNDS 186,694 164,220
Page 1
Page 2
For the year ending 31 March 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.
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 Pervez Akhtar
Director
5th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hamilton Property Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13256696 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
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. 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.
2.3. 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:
Fixtures & Fittings 20% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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 year was: 3 (2023: 1)
3 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 18,277
As at 31 March 2024 18,277
Depreciation
As at 1 April 2023 -
Provided during the period 4,569
As at 31 March 2024 4,569
Net Book Value
As at 31 March 2024 13,708
As at 1 April 2023 18,277
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 4,642,300
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,920 3,396
Taxation and social security 6,344 17,426
8,264 20,822
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 4,473,471 4,758,913
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5