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REGISTERED NUMBER: 11721072 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hs Prime Properties Ltd

Hs Prime Properties Ltd (Registered number: 11721072)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Hs Prime Properties Ltd (Registered number: 11721072)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £
Fixed assets
Tangible assets 4 459,475 460,087

Current assets
Cash at bank 731 679

Creditors
Amounts falling due within one year 5 (189,181 ) (189,063 )
Net current liabilities (188,450 ) (188,384 )
Total assets less current liabilities 271,025 271,703

Creditors
Amounts falling due after more than
one year

6

(270,765

)

(270,765

)
Net assets 260 938

Capital and reserves
Called up share capital 100 100
Retained earnings 8 160 838
Shareholders' funds 260 938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Hs Prime Properties Ltd (Registered number: 11721072)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 26 December 2024 and were signed by:





Amir Shaikh - Director


Hs Prime Properties Ltd (Registered number: 11721072)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Hs Prime Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11721072

Registered office: 132 High Street
Carshalton
SM5 3AE

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.

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.

Hs Prime Properties Ltd (Registered number: 11721072)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. Employees and directors

The average number of employees during the year was NIL (2022 - 1 ).

4. Tangible fixed assets
Freehold Plant and
property machinery Totals
£ £ £
Cost
At 1 January 2023
and 31 December 2023 457,642 4,528 462,170
Depreciation
At 1 January 2023 - 2,083 2,083
Charge for year - 612 612
At 31 December 2023 - 2,695 2,695
Net book value
At 31 December 2023 457,642 1,833 459,475
At 31 December 2022 457,642 2,445 460,087

5. Creditors: amounts falling due within one year
31.12.23 31.12.22
£ £
Trade creditors 189,181 186,292
Other creditors - 2,771
189,181 189,063

6. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£ £
Bank loans (see note 7) 270,765 270,765

7. Loans

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 270,765 270,765

Hs Prime Properties Ltd (Registered number: 11721072)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. Reserves
Retained
earnings
£

At 1 January 2023 838
Deficit for the year (678 )
At 31 December 2023 160