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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
50,000
50,000
50,000
xbrli:pure
xbrli:shares
iso4217:GBP
10487826
2023-04-01
2024-03-31
10487826
2024-03-31
10487826
2023-03-31
10487826
2022-04-01
2023-03-31
10487826
2023-03-31
10487826
2022-03-31
10487826
bus:Director1
2023-04-01
2024-03-31
10487826
bus:Director2
2023-04-01
2024-03-31
10487826
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2024-03-31
10487826
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2023-03-31
10487826
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2024-03-31
10487826
core:AfterOneYear
2023-03-31
10487826
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2024-03-31
10487826
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2023-03-31
10487826
core:RetainedEarningsAccumulatedLosses
2024-03-31
10487826
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2023-03-31
10487826
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
10487826
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2024-03-31
10487826
core:Non-currentFinancialInstruments
2023-03-31
10487826
bus:SmallEntities
2023-04-01
2024-03-31
10487826
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
10487826
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
10487826
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
10487826
bus:FullAccounts
2023-04-01
2024-03-31
COMPANY REGISTRATION NUMBER:
10487826
Z & R Hyder Investments Limited |
|
Filleted Unaudited Financial Statements |
|
Z & R Hyder Investments Limited |
|
Statement of Financial Position |
|
31 March 2024
Fixed assets
Tangible assets |
5 |
|
1,550,000 |
1,550,000 |
Investments |
6 |
|
50,000 |
50,000 |
|
|
------------ |
------------ |
|
|
1,600,000 |
1,600,000 |
|
|
|
|
|
Current assets
Debtors |
7 |
38,629 |
|
29,821 |
Cash at bank and in hand |
71,069 |
|
139,862 |
|
--------- |
|
--------- |
|
109,698 |
|
169,683 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
(
554,657) |
|
(
654,626) |
|
--------- |
|
--------- |
Net current liabilities |
|
(
444,959) |
(
484,943) |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
1,155,041 |
1,115,057 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
|
(
522,772) |
(
489,910) |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
(
104,005) |
(
104,005) |
|
|
------------ |
------------ |
Net assets |
|
528,264 |
521,142 |
|
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
10 |
|
528,164 |
521,042 |
|
|
--------- |
--------- |
Shareholders funds |
|
528,264 |
521,142 |
|
|
--------- |
--------- |
|
|
|
|
|
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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Z & R Hyder Investments Limited |
|
Statement of Financial Position (continued) |
|
31 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
4 March 2025
, and are signed on behalf of the board by:
Mr Z Hyder |
Mr R Hyder |
Director |
Director |
|
|
Company registration number:
10487826
Z & R Hyder Investments 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 6 Bruce Grove, Tottenham, London, N17 6RA, United Kingdom.
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.
Going concern
The directors confirm that the company has adequate resources to continue to operate for the foreseeable future, which covers a period of not less than twelve months from the date the financial statements are approved. The directors will also continue to support the company and accordingly the going concern basis continues to be appropriate for the preparation of the financial statements.
Revenue recognition
Turnover represents rents receivable from letting of investment property during the period and is recognised when receivable under the terms of the lease agreement.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
|
|
------------ |
Depreciation |
|
At 1 April 2023 and 31 March 2024 |
– |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
|
|
------------ |
At 31 March 2023 |
|
|
------------ |
|
|
The directors have reviewed the value of the investment property at the balance sheet date, with reference to the fair value and consider the value to be £1,550,000 (2023: £1,550,000). The historic cost of the property was £1,042,838.
6.
Investments
|
Other loans |
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
50,000 |
|
-------- |
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
|
-------- |
|
|
Carrying amount |
|
At 31 March 2024 |
50,000 |
|
-------- |
At 31 March 2023 |
50,000 |
|
-------- |
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
28,000 |
24,000 |
Other debtors |
10,629 |
5,821 |
|
-------- |
-------- |
|
38,629 |
29,821 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
10,163 |
9,912 |
Trade creditors |
10,720 |
– |
Accruals and deferred income |
36,620 |
35,350 |
Corporation tax |
11,887 |
32,511 |
Social security and other taxes |
900 |
900 |
Director loan accounts |
480,767 |
575,953 |
Other creditors |
3,600 |
– |
|
--------- |
--------- |
|
554,657 |
654,626 |
|
--------- |
--------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
13,912 |
24,066 |
Other creditors |
|
|
|
--------- |
--------- |
|
522,772 |
489,910 |
|
--------- |
--------- |
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £508,860 (2023: £465,844) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
Repayment is either by instalments or the full amount at the end of the term. The interest payable on the debt is 4% above the Bank of England base rate. The loan is secured by a fixed and floating charge on the assets of the company.
Included in creditors amounts falling due after more than one year is the Bounce Back Loan of £13,912 (2023: £24,066). The loan is 100% guaranteed by the government and the interest rate is fixed at 2.5% per annum.
10.
Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses. Included in profit and loss reserve are distributable profits of £125,007 (2023: £117,885) and non-distributable profits of £403,157 (2023: £403,157) in respect of revaluation gains on investment property.
11.
Related party transactions
Included in creditors due within one year, is a balance of £480,767 (2023: £575,953) owed to the directors. This loan is interest-free and has no fixed repayment term.