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REGISTERED NUMBER: 10016783 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

23HC Limited

23HC Limited (Registered number: 10016783)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


23HC Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: B W Kramarz





REGISTERED OFFICE: Office 7
35-37 Ludgate Hill
London
EC4M 7JN





REGISTERED NUMBER: 10016783 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

23HC Limited (Registered number: 10016783)

Abridged Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £ £
FIXED ASSETS
Tangible assets 4 - 1,508
Investment property 5 995,000 995,000
995,000 996,508

CURRENT ASSETS
Debtors 374 3,040
Cash at bank 31,716 20,914
32,090 23,954
CREDITORS
Amounts falling due within one year (431,551 ) (429,196 )
NET CURRENT LIABILITIES (399,461 ) (405,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,539

591,266

CREDITORS
Amounts falling due after more than one
year

(564,039

)

(574,039

)
NET ASSETS 31,500 17,227

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 31,490 17,217
SHAREHOLDERS' FUNDS 31,500 17,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

23HC Limited (Registered number: 10016783)

Abridged Balance Sheet - continued
29 February 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 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





B W Kramarz - Director


23HC Limited (Registered number: 10016783)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

23HC 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 2% on cost
Computer equipment - 33% on cost

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.

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.

23HC Limited (Registered number: 10016783)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Bounce back loan scheme
The British Business Bank together with lenders provided a range of financial options including the Bounce Back Loan Scheme (BBLS). These loans are backed by a government guarantee and the government will make a Business Interruption payment to cover the first twelve months of interest payments.

A loan has been secured from the company's bankers at a rate of 2.5% per annum. The repayment terms are six years with no repayments for the first twelve months. Any difference between the amount of cash received and the discounted present value has been recognised as other finance income.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 March 2023
and 29 February 2024 4,254
DEPRECIATION
At 1 March 2023 2,746
Charge for year 1,508
At 29 February 2024 4,254
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 1,508

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2023
and 29 February 2024 995,000
NET BOOK VALUE
At 29 February 2024 995,000
At 28 February 2023 995,000

23HC Limited (Registered number: 10016783)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. SECURED DEBTS

Bank loans are secured on the assets to which the loans relate.

There is a fixed charge registered by an associated company, against a property held within the company. B W Kramarz is a director and shareholder of the associate company.

7. ULTIMATE CONTROLLING PARTY

The controlling party is B W Kramarz.