2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08780085 2023-04-01 2024-03-31 08780085 2024-03-31 08780085 2023-03-31 08780085 2022-04-01 2023-03-31 08780085 2023-03-31 08780085 2022-03-31 08780085 bus:Director1 2023-04-01 2024-03-31 08780085 core:LandBuildings 2023-03-31 08780085 core:LandBuildings 2024-03-31 08780085 core:WithinOneYear 2024-03-31 08780085 core:WithinOneYear 2023-03-31 08780085 core:ShareCapital 2024-03-31 08780085 core:ShareCapital 2023-03-31 08780085 core:RetainedEarningsAccumulatedLosses 2024-03-31 08780085 core:RetainedEarningsAccumulatedLosses 2023-03-31 08780085 core:LandBuildings 2023-03-31 08780085 bus:SmallEntities 2023-04-01 2024-03-31 08780085 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08780085 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08780085 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08780085 bus:FullAccounts 2023-04-01 2024-03-31 08780085 core:FurnitureFittingsToolsEquipment 2023-03-31 08780085 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08780085 core:FurnitureFittingsToolsEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 08780085
Hawthorn Property Limited
Filleted Unaudited Financial Statements
31 March 2024
Hawthorn Property Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
404,100
405,238
Current assets
Debtors
6
6,000
2,500
Cash at bank and in hand
7,799
10,211
--------
--------
13,799
12,711
Creditors: amounts falling due within one year
7
440,161
410,269
---------
---------
Net current liabilities
426,362
397,558
---------
---------
Total assets less current liabilities
( 22,262)
7,680
--------
-------
Net (liabilities)/assets
( 22,262)
7,680
--------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 22,263)
7,679
--------
-------
Shareholders (deficit)/funds
( 22,262)
7,680
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hawthorn Property Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 12 February 2025 , and are signed on behalf of the board by:
Mr J Ghulam
Director
Company registration number: 08780085
Hawthorn Property Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Redbridge Lane East, Ilford, Essex IG4 5ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Furniture & equipment
-
25 % reducing balance basis
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 April 2023
402,582
8,649
411,231
Disposals
( 5,951)
( 5,951)
---------
-------
---------
At 31 March 2024
402,582
2,698
405,280
---------
-------
---------
Depreciation
At 1 April 2023
5,993
5,993
Charge for the year
1,138
1,138
Disposals
( 5,951)
( 5,951)
---------
-------
---------
At 31 March 2024
1,180
1,180
---------
-------
---------
Carrying amount
At 31 March 2024
402,582
1,518
404,100
---------
-------
---------
At 31 March 2023
402,582
2,656
405,238
---------
-------
---------
The investment property is carried at cost which approximates market value.
6. Debtors
2024
2023
£
£
Other debtors
6,000
2,500
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
319
319
Other creditors
439,842
409,950
---------
---------
440,161
410,269
---------
---------