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REGISTERED NUMBER: 11837990 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

HASL Holdings Ltd

HASL Holdings Ltd (Registered number: 11837990)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HASL Holdings Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: B Horn





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 11837990 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
HASL Holdings Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HASL Holdings Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of HASL Holdings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HASL Holdings Ltd and state those matters that we have agreed to state to the director of HASL Holdings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HASL Holdings Ltd and its director for our work or for this report.

It is your duty to ensure that HASL Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HASL Holdings Ltd. You consider that HASL Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HASL Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


15 January 2025

HASL Holdings Ltd (Registered number: 11837990)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 1,206,362 1,206,362
1,206,462 1,206,462

CURRENT ASSETS
Debtors 6 5,882 735,021
Investments 7 1,171,300 849,549
Cash at bank and in hand 1,007,378 102,820
2,184,560 1,687,390
CREDITORS
Amounts falling due within one year 8 87,669 78,491
NET CURRENT ASSETS 2,096,891 1,608,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,303,353

2,815,361

CREDITORS
Amounts falling due after more than one year 9 (247,537 ) (284,826 )

PROVISIONS FOR LIABILITIES (83,048 ) (65,160 )
NET ASSETS 2,972,768 2,465,375

CAPITAL AND RESERVES
Called up share capital 101 101
Fair value reserve 11 74,672 21,009
Retained earnings 2,897,995 2,444,265
2,972,768 2,465,375

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

HASL Holdings Ltd (Registered number: 11837990)

Balance Sheet - continued
31 August 2024


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 15 January 2025 and were signed by:





B Horn - Director


HASL Holdings Ltd (Registered number: 11837990)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

HASL Holdings Ltd 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.

Rental income is recognised in the period to which the rent relates.

Dividend income is recognised when the right to receive payment is established.

Income from sale of investments is recognised when the risk and rewards from ownership of shares is transferred to the buyer.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

HASL Holdings Ltd (Registered number: 11837990)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,206,362
NET BOOK VALUE
At 31 August 2024 1,206,362
At 31 August 2023 1,206,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Amounts owed by group undertakings 5,031 709,910
Other debtors 851 25,111
5,882 735,021

7. CURRENT ASSET INVESTMENTS
31/8/24 31/8/23
£    £   
Listed investments 1,171,300 849,549

HASL Holdings Ltd (Registered number: 11837990)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 33,806 33,806
Taxation and social security 13,571 5,625
Other creditors 40,292 39,060
87,669 78,491

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 247,537 284,826

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 112,313 149,602

10. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Bank loans 281,343 318,632

The Bank loans are secured by fixed charges over the investment properties owned by the company.

11. RESERVES
Fair
value
reserve
£   
At 1 September 2023 21,009
Fair value reserve transfer 53,663

At 31 August 2024 74,672

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, total dividends of £60,000 were paid to the director .

HASL Holdings Ltd (Registered number: 11837990)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

12. RELATED PARTY DISCLOSURES - continued

At the balance sheet date, the director was owed £1,232 by the company.

13. ULTIMATE CONTROLLING PARTY

The controlling party is B Horn.