IRIS Accounts Production v24.3.0.553 08868346 Board of Directors Board of Directors 31.1.23 30.1.24 30.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088683462023-01-30088683462024-01-30088683462023-01-312024-01-30088683462022-01-30088683462022-01-312023-01-30088683462023-01-3008868346ns15:EnglandWales2023-01-312024-01-3008868346ns14:PoundSterling2023-01-312024-01-3008868346ns10:Director12023-01-312024-01-3008868346ns10:Director22023-01-312024-01-3008868346ns10:PrivateLimitedCompanyLtd2023-01-312024-01-3008868346ns10:SmallEntities2023-01-312024-01-3008868346ns10:AuditExempt-NoAccountantsReport2023-01-312024-01-3008868346ns10:SmallCompaniesRegimeForDirectorsReport2023-01-312024-01-3008868346ns10:SmallCompaniesRegimeForAccounts2023-01-312024-01-3008868346ns10:FullAccounts2023-01-312024-01-3008868346ns10:RegisteredOffice2023-01-312024-01-3008868346ns5:CurrentFinancialInstruments2024-01-3008868346ns5:CurrentFinancialInstruments2023-01-3008868346ns5:Non-currentFinancialInstruments2024-01-3008868346ns5:Non-currentFinancialInstruments2023-01-3008868346ns5:ShareCapital2024-01-3008868346ns5:ShareCapital2023-01-3008868346ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3008868346ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3008868346ns5:RetainedEarningsAccumulatedLosses2024-01-3008868346ns5:RetainedEarningsAccumulatedLosses2023-01-3008868346ns5:PlantMachinery2023-01-312024-01-3008868346ns5:PlantMachinery2023-01-3008868346ns5:PlantMachinery2024-01-3008868346ns5:PlantMachinery2023-01-3008868346ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-30
















HSN Properties (NW) Ltd

Unaudited Financial Statements for the Year Ended 30 January 2024






HSN Properties (NW) Ltd (Registered number: 08868346)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSN Properties (NW) Ltd

Company Information
for the Year Ended 30 January 2024







DIRECTORS: H Ali
A H H Alhumaidat





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 08868346 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

HSN Properties (NW) Ltd (Registered number: 08868346)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,109 2,812
Investment property 5 2,444,626 2,444,626
2,446,735 2,447,438

CURRENT ASSETS
Cash at bank and in hand 97,726 12,760

CREDITORS
Amounts falling due within one year 6 713,331 661,426
NET CURRENT LIABILITIES (615,605 ) (648,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,831,130

1,798,772

CREDITORS
Amounts falling due after more than one
year

7

(11,449

)

(21,129

)

PROVISIONS FOR LIABILITIES (299,225 ) (299,225 )
NET ASSETS 1,520,456 1,478,418

CAPITAL AND RESERVES
Called up share capital 101 101
Fair value reserve 8 1,273,367 1,273,367
Retained earnings 246,988 204,950
SHAREHOLDERS' FUNDS 1,520,456 1,478,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HSN Properties (NW) Ltd (Registered number: 08868346)

Balance Sheet - continued
30 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




H Ali - Director



A H H Alhumaidat - Director


HSN Properties (NW) Ltd (Registered number: 08868346)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

HSN Properties (NW) Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Freehold buildings are subject to a revaluation and held at their fair valued amount at the reporting date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

HSN Properties (NW) Ltd (Registered number: 08868346)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2023
and 30 January 2024 5,000
DEPRECIATION
At 31 January 2023 2,188
Charge for year 703
At 30 January 2024 2,891
NET BOOK VALUE
At 30 January 2024 2,109
At 30 January 2023 2,812

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 31 January 2023
and 30 January 2024 2,444,626
NET BOOK VALUE
At 30 January 2024 2,444,626
At 30 January 2023 2,444,626

The investment properties were revalued by the director.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,200 10,200
Trade creditors 16,434 -
Taxation and social security 10,945 10,110
Other creditors 675,752 641,116
713,331 661,426

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,449 21,129

HSN Properties (NW) Ltd (Registered number: 08868346)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

8. RESERVES
Fair
value
reserve
£   
At 31 January 2023
and 30 January 2024 1,273,367

9. ULTIMATE CONTROLLING PARTY

The controlling party is H Ali.