REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
HO PROPERTY LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
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 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2023 |
and 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
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: | £ | £ |
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. |