Registered number
10245079
HA1 MANAGEMENT LIMITED
Filleted Accounts
30 June 2024
HA1 MANAGEMENT LIMITED
Registered number: 10245079
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 111,516 112,777
Current assets
Cash at bank and in hand 8,406 11,164
Creditors: amounts falling due within one year 4 (68,227) (23,310)
Net current liabilities (59,821) (12,146)
Total assets less current liabilities 51,695 100,631
Creditors: amounts falling due after more than one year 5 (31,488) (36,150)
Net assets 20,207 64,481
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,107 64,381
Shareholder's funds 20,207 64,481
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Saadi Al-Syed Hussain
Director
Approved by the board on 5 February 2025
HA1 MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 June 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 sale of goods and 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 100,170 19,052 119,222
At 30 June 2024 100,170 19,052 119,222
Depreciation
At 1 July 2023 - 6,445 6,445
Charge for the year - 1,261 1,261
At 30 June 2024 - 7,706 7,706
Net book value
At 30 June 2024 100,170 11,346 111,516
At 30 June 2023 100,170 12,607 112,777
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,192 223
Taxation and social security costs (8,092) -
Other creditors 64,127 23,087
68,227 23,310
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,488 36,150
6 Other information
HA1 MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
56 Holland Road
1st Floor
London
W14 8BB
HA1 MANAGEMENT LIMITED 10245079 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2022 Saadi Al-Syed Hussain No description of principal activity 10245079 2022-07-01 2023-06-30 10245079 core:WithinOneYear 2023-06-30 10245079 core:AfterOneYear 2023-06-30 10245079 core:ShareCapital 2023-06-30 10245079 core:RetainedEarningsAccumulatedLosses 2023-06-30 10245079 2023-07-01 2024-06-30 10245079 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10245079 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10245079 bus:Director40 2023-07-01 2024-06-30 10245079 1 2023-07-01 2024-06-30 10245079 2 2023-07-01 2024-06-30 10245079 core:LandBuildings 2023-07-01 2024-06-30 10245079 core:PlantMachinery 2023-07-01 2024-06-30 10245079 countries:England 2023-07-01 2024-06-30 10245079 bus:FRS102 2023-07-01 2024-06-30 10245079 bus:FullAccounts 2023-07-01 2024-06-30 10245079 2024-06-30 10245079 core:WithinOneYear 2024-06-30 10245079 core:AfterOneYear 2024-06-30 10245079 core:ShareCapital 2024-06-30 10245079 core:RetainedEarningsAccumulatedLosses 2024-06-30 10245079 core:LandBuildings 2024-06-30 10245079 core:PlantMachinery 2024-06-30 10245079 2023-06-30 10245079 core:LandBuildings 2023-06-30 10245079 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure