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Logo On Report
Registered Number: 05071278
England and Wales

 

 

 

HUSA LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Director Arif Mohammed
Registered Number 05071278
Registered Office 11 Deakins Road
Haymills
Birmingham
B25 8DX
1
  2025   2024
    £ £   £ £
Fixed assets   2,078,982      1,818,066 
Current assets 632,498      218,008   
Prepayments and accrued income 32,339       
Creditors: amount falling due within one year (68,893)     (54,521)  
Net current assets   595,944      163,487 
Total assets less current liabilities   2,674,926      1,981,553 
Creditors: amount falling due after more than one year   (1,792,196)     (1,178,742)
Net assets   882,730      802,811 
 

         
Capital and reserves   882,730      802,811 
 
NOTES TO THE ACCOUNTS

General Information
HUSA Limited is a private company, limited by shares, registered in England and Wales, registration number 05071278, registration address 11 Deakins Road, Haymills, Birmingham, B25 8DX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Fixed asset investments
Fixed asset investments are stated at fair value.
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Investment properties   Total
  £   £   £
At 01 April 2024 185,282    1,265,340    1,450,622 
Additions 241,078    31,000    272,078 
Disposals    
Revaluations   216,000    216,000 
At 31 March 2025 426,360    1,512,340    1,938,700 
Depreciation
At 01 April 2024 37,057      37,057 
Charge for year 77,861      77,861 
On disposals    
At 31 March 2025 114,918      114,918 
Net book values
Closing balance as at 31 March 2025 311,442    1,512,340    1,823,782 
Opening balance as at 01 April 2024 148,226    1,481,340    1,629,566 


3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2024 20,500    20,500 
Additions 200    200 
Transfer to/from tangible fixed assets  
Disposals  
Revaluations 234,500    234,500 
At 31 March 2025 255,200    255,200 

4.

Average number of employees

Average number of employees during the year was 7 (2024 : 6).


For the year ended 31 March 2025 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 20 April 2025 and were signed by:


--------------------------------
Arif Mohammed
Director
2