Registered number
14125204
HANAR PROPERTY INVESTMENTS LTD
Unaudited Filleted Accounts
31 March 2024
HANAR PROPERTY INVESTMENTS LTD
Registered number: 14125204
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,009,734
1,009,734
Current assets
Debtors 4 16,588
Cash at bank and in hand 5,613
22,201
Creditors: amounts falling due within one year 5 (394,187)
Net current liabilities (371,986)
Total assets less current liabilities 637,748
Creditors: amounts falling due after more than one year 6 (690,696)
Provisions for liabilities -
Net liabilities (52,948)
Capital and reserves
Called up share capital 100
Profit and loss account (53,048)
Shareholders' funds (52,948)
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.
Mr Zerwan Ahmed
Director
Approved by the board on 24 March 2025
HANAR PROPERTY INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 March 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 rental of investment property.
Tangible fixed assets
Investment properties for which fair values can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.
Properties are valued by the directors, based on evaluation of current property market.
Investments
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Investment Property Total
£ £
Cost
At 1 April 2023 - -
Additions 1,009,734 1,009,734
Surplus on revaluation - -
Disposals - -
At 31 March 2024 1,009,734 1,009,734
Depreciation
At 1 April 2023 - -
Charge for the year - -
Surplus on revaluation - -
On disposals - -
At 31 March 2024 - -
Net book value
At 31 March 2024 1,009,734 1,009,734
At 31 March 2023 - -
4 Debtors 2024
£
Trade debtors -
Other debtors 16,588
16,588
5 Creditors: amounts falling due within one year 2024
£
Trade creditors -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 386,828
Taxation and social security costs -
Other creditors 7,359
394,187
6 Creditors: amounts falling due after one year 2024
£
Bank loans (secured) Note 7 690,696
690,696
7 Loans 2024
£
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 690,696
690,696
Secured bank loans 690,696
The Loans are secured by way of legal charge over the company's investment properties plus directors' personal guarantees up to the value of loan plus interest and costs.
8 Capital commitments
There were no capital commitments at 31 March 2024.
9 Contingent liabilities
There were no contingent liabilities at 31 March 2024.
10 Other information
HANAR PROPERTY INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
13 Hickman Avenue
London
E4 9JG
HANAR PROPERTY INVESTMENTS LTD 14125204 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2025 Mr Zerwan Ahmed No description of principal activity 14125204 2023-04-01 2024-03-31 14125204 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14125204 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 14125204 bus:Director40 2023-04-01 2024-03-31 14125204 1 2023-04-01 2024-03-31 14125204 2 2023-04-01 2024-03-31 14125204 core:LandBuildings 2023-04-01 2024-03-31 14125204 countries:England 2023-04-01 2024-03-31 14125204 bus:FRS102 2023-04-01 2024-03-31 14125204 bus:FilletedAccounts 2023-04-01 2024-03-31 14125204 2024-03-31 14125204 core:WithinOneYear 2024-03-31 14125204 core:AfterOneYear 2024-03-31 14125204 core:ShareCapital 2024-03-31 14125204 core:RetainedEarningsAccumulatedLosses 2024-03-31 14125204 core:LandBuildings 2024-03-31 14125204 core:MoreThanFiveYears 2024-03-31 14125204 2023-03-31 14125204 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure