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REGISTERED NUMBER: 10926228 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HO PROPERTY LIMITED

HO PROPERTY LIMITED (REGISTERED NUMBER: 10926228)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HO PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr H Ovaisi



REGISTERED OFFICE: Unit 3-4
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 10926228 (England and Wales)



BANKERS: Barclays Bank
63/67 Terminus Road
Eastbourne
BN21 3NE

HO PROPERTY LIMITED (REGISTERED NUMBER: 10926228)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 410,059 410,059

CURRENT ASSETS
Debtors 79,630 116,464
Cash at bank 1,795 3,641
81,425 120,105
CREDITORS
Amounts falling due within one year 350,465 467,265
NET CURRENT LIABILITIES (269,040 ) (347,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,019

62,899

CREDITORS
Amounts falling due after more than one
year

85,467

7,330
NET ASSETS 55,552 55,569

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 55,452 55,469
SHAREHOLDERS' FUNDS 55,552 55,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HO PROPERTY LIMITED (REGISTERED NUMBER: 10926228)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





Mr H Ovaisi - Director


HO PROPERTY LIMITED (REGISTERED NUMBER: 10926228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Ho Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The company's investment property is held for long-term investment and is included in the Balance Sheet at open market value. The surplus or deficit on revaluation of freehold property is transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment property.

Rental income
Rents received are calculated on the accruals basis, net of VAT.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 410,059
NET BOOK VALUE
At 31 January 2024 410,059
At 31 January 2023 410,059

HO PROPERTY LIMITED (REGISTERED NUMBER: 10926228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

6. RELATED PARTY DISCLOSURES

During the year HO Property 2 Ltd, a company controlled by Mr H Ovaisi, loaned the company £25,859 (2023: £Nil)

During the year HO Property 3 Ltd, a company controlled by Mr H Ovaisi, loaned the company £119,019 (2023: £130,00)

During the year HO Property 4 Ltd, a company controlled by Mr H Ovaisi, loaned the company £1,000 (2023: £Nil)

During the year HO Property 6 Ltd, a company controlled by Mr H Ovaisi, loaned the company £15,000 (2023: £Nil)

During the year the company loaned SO Legal Ltd, a company controlled by Mr H Ovaisi £1,575 (2023: £5)

During the year the company loaned HOHO Properties Ltd, a company controlled by Mr H Ovaisi £103,913 (2023: £116,464)

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H Ovaisi.