Hemran Limited 2409590 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is investment in property. Digita Accounts Production Advanced 6.30.9574.0 true true 2409590 2023-04-01 2024-03-31 2409590 2024-03-31 2409590 core:RetainedEarningsAccumulatedLosses 2024-03-31 2409590 core:ShareCapital 2024-03-31 2409590 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 2409590 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 2409590 core:FurnitureFittingsToolsEquipment 2024-03-31 2409590 bus:SmallEntities 2023-04-01 2024-03-31 2409590 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 2409590 bus:FilletedAccounts 2023-04-01 2024-03-31 2409590 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 2409590 bus:RegisteredOffice 2023-04-01 2024-03-31 2409590 bus:Director1 2023-04-01 2024-03-31 2409590 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 2409590 core:OfficeEquipment 2023-04-01 2024-03-31 2409590 countries:AllCountries 2023-04-01 2024-03-31 2409590 2023-03-31 2409590 core:FurnitureFittingsToolsEquipment 2023-03-31 2409590 2022-04-01 2023-03-31 2409590 2023-03-31 2409590 core:RetainedEarningsAccumulatedLosses 2023-03-31 2409590 core:ShareCapital 2023-03-31 2409590 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 2409590 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 2409590 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 2409590

Hemran Limited



Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Hemran Limited

 

(Registration number: 2409590)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

550

550

Investment property

5

1,024,904

1,024,904

Investments in joint property syndicates

6

(1,168)

(4,141)

 

1,024,286

1,021,313

Current assets

 

Debtors

7

133,319

128,022

Cash at bank and in hand

 

8,687

280

 

142,006

128,302

Creditors: Amounts falling due within one year

8

(651,503)

(687,595)

Net current liabilities

 

(509,497)

(559,293)

Total assets less current liabilities

 

514,789

462,020

Creditors: Amounts falling due after more than one year

8

(9,642)

(13,922)

Provisions for liabilities

(30,160)

(30,160)

Net assets

 

474,987

417,938

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

93,901

36,852

Non-distributable reserve

 

380,986

380,986

Total equity

 

474,987

417,938

 

Hemran Limited

 

(Registration number: 2409590)
Balance Sheet as at 31 March 2024

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 April 2025
 

.........................................
A Frenkel
Director

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL
England

These financial statements were authorised for issue by the director on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment in Joint Property Syndicates

Investments in syndicates are accounted for under the equity accounting method.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

919

919

At 31 March 2024

919

919

Depreciation

At 1 April 2023

369

369

At 31 March 2024

369

369

Carrying amount

At 31 March 2024

550

550

At 31 March 2023

550

550

5

Investment properties

2024
£

At 1 April 23

1,024,904

At 31 March 24

1,024,904

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £563,854

 

6

Investments in joint property syndicates

 

Hemran Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

£

Capital as at 1 April 2023

(4,141)

Surplus/Deficit

17,473

Repayments

(14,500)

At 31 March 2024

(1,168)

7

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

50,393

50,393

Other debtors

 

82,926

77,629

   

133,319

128,022

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

19,006

8,572

Accruals and deferred income

5,529

5,163

Other creditors

626,968

673,860

651,503

687,595

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9,642

13,922

Creditors include bank loans which are secured