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REGISTERED NUMBER: 10271796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

HAYSHINE PROPERTIES LIMITED

HAYSHINE PROPERTIES LIMITED (REGISTERED NUMBER: 10271796)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYSHINE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr D R Patel
Mrs P D Patel





REGISTERED OFFICE: Unit 4 Green Lane Business Park,
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 10271796 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

HAYSHINE PROPERTIES LIMITED (REGISTERED NUMBER: 10271796)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 500,000

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 71,288 61,707
71,388 61,807
CREDITORS
Amounts falling due within one year 6 27,603 28,126
NET CURRENT ASSETS 43,785 33,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

543,785

533,681

PROVISIONS FOR LIABILITIES 91,268 91,268
NET ASSETS 452,517 442,413

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 390,024 390,024
Retained earnings 62,393 52,289
SHAREHOLDERS' FUNDS 452,517 442,413

HAYSHINE PROPERTIES LIMITED (REGISTERED NUMBER: 10271796)

BALANCE SHEET - continued
31 JULY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 10 January 2025 and were signed on its behalf by:





Mr D R Patel - Director


HAYSHINE PROPERTIES LIMITED (REGISTERED NUMBER: 10271796)

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

1. STATUTORY INFORMATION

Hayshine Properties 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 represents rental income receivable from investment property.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 500,000
NET BOOK VALUE
At 31 July 2024 500,000
At 31 July 2023 500,000

The fair value of the investment property has been arrived on the basis of valuation carried out by the directors of the company at 31 July 2024. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If the revalued investment property was stated on a historical cost basis rather than a fair value basis, the amount would have been £18,708 (2023: £18,708).

HAYSHINE PROPERTIES LIMITED (REGISTERED NUMBER: 10271796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from group undertakings 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due to group undertakings 15,200 15,200
Taxation and social security 3,440 4,458
Other creditors 8,963 8,468
27,603 28,126

7. ULTIMATE CONTROLLING PARTY

The Controlling Party is Hayshine Holdings Limited