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REGISTERED NUMBER: 08651619 (England and Wales)




















Financial Statements

for the Year Ended 31 August 2024

for

HAZEL & MAK LIMITED

HAZEL & MAK LIMITED (REGISTERED NUMBER: 08651619)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAZEL & MAK LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Ms K Y Mak
Mrs H L Lim





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 08651619 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

HAZEL & MAK LIMITED (REGISTERED NUMBER: 08651619)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 - 67,536
Investment property 6 433,613 433,613
433,613 501,149

CURRENT ASSETS
Debtors 7 8,740 3,122
Cash at bank 143,836 26,553
152,576 29,675
CREDITORS
Amounts falling due within one year 8 (459,977 ) (356,530 )
NET CURRENT LIABILITIES (307,401 ) (326,855 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,212

174,294

CREDITORS
Amounts falling due after more than one
year

9

(203,198

)

(203,233

)
NET LIABILITIES (76,986 ) (28,939 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (77,086 ) (29,039 )
SHAREHOLDERS' FUNDS (76,986 ) (28,939 )

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 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.

HAZEL & MAK LIMITED (REGISTERED NUMBER: 08651619)

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 Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:




Mrs H L Lim - Director



Ms K Y Mak - Director


HAZEL & MAK LIMITED (REGISTERED NUMBER: 08651619)

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

1. STATUTORY INFORMATION

Hazel & Mak 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 from investment properties.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 18,264
AMORTISATION
At 1 September 2023
and 31 August 2024 18,264
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

HAZEL & MAK LIMITED (REGISTERED NUMBER: 08651619)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 67,536
Impairments (67,536 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 67,536

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 433,613
NET BOOK VALUE
At 31 August 2024 433,613
At 31 August 2023 433,613

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 8,740 3,122

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 459,977 356,530

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 203,198 203,233

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 203,198 203,233

The mortgage provided by Gatehouse Bank Place is secured against the freehold interest in the land and property known as 11 Tib Street, Manchester by way of a fixed charge.

HAZEL & MAK LIMITED (REGISTERED NUMBER: 08651619)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.