Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11240421 2023-04-01 2024-03-31 11240421 2022-04-01 2023-03-31 11240421 2024-03-31 11240421 2023-03-31 11240421 c:Director1 2023-04-01 2024-03-31 11240421 c:Director2 2023-04-01 2024-03-31 11240421 c:RegisteredOffice 2023-04-01 2024-03-31 11240421 d:PlantMachinery 2023-04-01 2024-03-31 11240421 d:PlantMachinery 2024-03-31 11240421 d:PlantMachinery 2023-03-31 11240421 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11240421 d:MotorVehicles 2023-04-01 2024-03-31 11240421 d:MotorVehicles 2024-03-31 11240421 d:MotorVehicles 2023-03-31 11240421 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11240421 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11240421 d:CurrentFinancialInstruments 2024-03-31 11240421 d:CurrentFinancialInstruments 2023-03-31 11240421 d:Non-currentFinancialInstruments 2024-03-31 11240421 d:Non-currentFinancialInstruments 2023-03-31 11240421 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11240421 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11240421 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11240421 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11240421 d:ShareCapital 2024-03-31 11240421 d:ShareCapital 2023-03-31 11240421 d:RetainedEarningsAccumulatedLosses 2024-03-31 11240421 d:RetainedEarningsAccumulatedLosses 2023-03-31 11240421 c:FRS102 2023-04-01 2024-03-31 11240421 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11240421 c:FullAccounts 2023-04-01 2024-03-31 11240421 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 11240421







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


HANNAH HOMES INVESTMENT LIMITED






































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HANNAH HOMES INVESTMENT LIMITED
 


 
COMPANY INFORMATION


Directors
B McElligott 
J McElligott 




Registered number
11240421



Registered office
Ashcombe House
5 The Cresent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


HANNAH HOMES INVESTMENT LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6

 


HANNAH HOMES INVESTMENT LIMITED
REGISTERED NUMBER:11240421



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,368
67,092

  
45,368
67,092

Current assets
  

Stock
  
2,846,354
3,032,102

Debtors: amounts falling due within one year
 5 
415,881
176,036

Cash at bank and in hand
  
55,659
83,643

  
3,317,894
3,291,781

Creditors: amounts falling due within one year
 6 
(3,230,085)
(2,999,001)

Net current assets
  
 
 
87,809
 
 
292,780

Total assets less current liabilities
  
133,177
359,872

Creditors: amounts falling due after more than one year
 7 
(21,158)
(38,299)

Provisions for liabilities
  

Deferred tax
  
-
(16,186)

  
 
 
-
 
 
(16,186)

Net assets
  
112,019
305,387

Page 1

 


HANNAH HOMES INVESTMENT LIMITED
REGISTERED NUMBER:11240421


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
111,919
305,287

  
112,019
305,387


The Directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B McElligott
Director

Date: 22 November 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


HANNAH HOMES INVESTMENT LIMITED
 


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

1.


General information

Hannah Homes Investment Limited is a private company limited by shares and incorporated in England and    Wales. The address of the registered office is given in the company information page of these financial statements. The company has no principal place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 March 2024, the statement of financial position reported net assets of £112,019 (2023: Net assets of £305,387). The company is reliant upon the continued support of its director, who confirm their continued financial support of the company. The director therefore considers it appropriate to prepare the accounts on a going concern basis. 

 
2.3

Turnover

The turnover shown in the statement of income and retained earnings represents the invoiced value of sales   of land and property, exclusive of Value Added Tax. Sales are recognised upon completion of contracts.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


HANNAH HOMES INVESTMENT LIMITED
 


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

2.Accounting policies (continued)

  
2.6

Work in progress

Work in progress is valued on the basis of direct costs incurred. No element of profit is included in the valuation of the work in progress.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


HANNAH HOMES INVESTMENT LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
80,500
6,395
86,895



At 31 March 2024

80,500
6,395
86,895



Depreciation


At 1 April 2023
16,656
3,147
19,803


Charge for the year
20,125
1,599
21,724



At 31 March 2024

36,781
4,746
41,527



Net book value



At 31 March 2024
43,719
1,649
45,368



At 31 March 2023
63,844
3,248
67,092


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
162,500
162,500

Other debtors
6,678
13,536

Deferred taxation
246,703
-

415,881
176,036


Page 5

 


HANNAH HOMES INVESTMENT LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,228,893
2,165,352

Trade creditors
106,131
82,005

Corporation tax
22,358
57,015

Other taxation and social security
13,672
4,493

Obligations under finance lease and hire purchase contracts
17,141
16,272

Other creditors
723,628
581,419

Accruals and deferred income
118,262
92,445

3,230,085
2,999,001


Bank loans of £2,228,893 (2023: £2,165,352) are secured against the stock of the company. 
The obligations under finance leases and hire purchase contracts of £17,141 (2023: £16,272) are secured against the asset to which they relate. 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
21,158
38,299

21,158
38,299


The obligations under finance leases and hire purchase contracts of £21,158 (2023: £38,299) are secured against the asset to which they relate. 


8.


Transactions with directors

Included within other creditors are the following transactions with the directors.

2024
2023
£
£
Balance owed to directors at start of year

574,658

605,471
 
Amounts advanced

154,490

120,765
 
Amounts repaid

(7,715)

(151,578)
 
721,433

574,658
 

Interest is being charged at 7% (2023: 7%) per annum. There is accrued interest on this loan of £65,055 (2023: £37,660). The loan is repayable on demand.

 
Page 6