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Registered number: 11835804
Hachna Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11835804
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 330,000 330,000
330,000 330,000
CURRENT ASSETS
Cash at bank and in hand 42,900 45,410
42,900 45,410
Creditors: Amounts Falling Due Within One Year 5 (231,907 ) (226,923 )
NET CURRENT ASSETS (LIABILITIES) (189,007 ) (181,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 140,993 148,487
Creditors: Amounts Falling Due After More Than One Year 6 (71,535 ) (79,339 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,070 ) (9,070 )
NET ASSETS 60,388 60,078
CAPITAL AND RESERVES
Called up share capital 104 104
Fair value reserve 7 27,211 27,211
Profit and Loss Account 33,073 32,763
SHAREHOLDERS' FUNDS 60,388 60,078
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs A Muraleetharan
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hachna Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11835804 . The registered office is 3a Slipshatch Road, Reigate, Surrey, RH2 8HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income receivable during the period.
2.3. Investment Properties
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.
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 330,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 293,718 293,718
The director believes that the fair value of investment property to be not materially different to the current carrying value based on her knowledge of the comparable local properties.
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,873 8,001
Other creditors 222,508 214,679
Taxation and social security 1,526 4,243
231,907 226,923
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,535 23,339
Other loans 56,000 56,000
71,535 79,339
7. Reserves
Fair Value Reserve
£
As at 1 March 2023 27,211
As at 29 February 2024 27,211
Page 4