Registered number
05328396
HRS Properties Limited
Filleted Accounts
31 January 2024
HRS Properties Limited
Registered number: 05328396
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Stocks 407,774 407,774
Debtors 3 130,864 128,656
Cash at bank and in hand 11,651 30,101
550,289 566,531
Creditors: amounts falling due within one year 4 (119,925) (123,307)
Net current assets 430,364 443,224
Total assets less current liabilities 430,364 443,224
Creditors: amounts falling due after more than one year 5 (421,521) (422,873)
Net assets 8,843 20,351
Capital and reserves
Called up share capital 2 2
Profit and loss account 8,841 20,349
Shareholders' funds 8,843 20,351
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kashif Yousuf Sheikh
Director
Approved by the board on 31 January 2025
HRS Properties Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 100,577 94,367
Deposits 30,287 34,289
130,864 128,656
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,498 11,023
Other creditors 107,427 112,284
119,925 123,307
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 421,521 422,873
6 Other information
HRS Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Amc House,
12 Cumberland Avenue,
Park Royal, London,
United Kingdom,
NW10 7QL
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