Company Registration No. 13565076 (England and Wales)
Hi Tech Properties 4 You Ltd
financial statements
for the year ended 31 August 2024
Hi Tech Properties 4 You Ltd
financial statements
Contents
Hi Tech Properties 4 You Ltd
Company Information
for the year ended 31 August 2024
Directors
Zeba Khan
Naseeb Mohammed Khan Faisal
Company Number
13565076 (England and Wales)
Registered Office
16 Rectory Court Rectory Road
Hounslow
TW4 7QF
United Kingdom
Accountants
Gladstone & Co. Accountants
75 Creighton Avenue
East Ham
London
E6 3DT
Accountants' report to the board of directors on the preparation of the unaudited statutory statements of Hi Tech Properties 4 You Ltd (The Company) for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 August 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated 1 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 31 August 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gladstone & Co. Accountants
Financial Accountants
75 Creighton Avenue
East Ham
London
E6 3DT
24 May 2025
Hi Tech Properties 4 You Ltd
Statement of financial position
as at 31 August 2024
Investment property
335,600
335,600
Cash at bank and in hand
6,015
5,496
Creditors: amounts falling due within one year
(109,164)
(111,165)
Net current liabilities
(101,420)
(103,607)
Total assets less current liabilities
234,180
231,993
Creditors: amounts falling due after more than one year
(241,548)
(240,782)
Net liabilities
(7,368)
(8,789)
Called up share capital
2
2
Profit and loss account
(7,370)
(8,791)
Shareholders' funds
(7,368)
(8,789)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by
Naseeb Mohammed Khan Faisal
Director
Company Registration No. 13565076
Hi Tech Properties 4 You Ltd
Notes to the Accounts
for the year ended 31 August 2024
Hi Tech Properties 4 You Ltd is a private company, limited by shares, registered in England and Wales, registration number 13565076. The registered office and principal place of business is 16 Rectory Court Rectory Road, Hounslow, TW4 7QF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 September 2023
335,600
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which
includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting
end date. Changes in fair value are recognised in the profit and loss account.
Amounts falling due within one year
Deferred tax asset
1,729
2,062
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
109,164
111,165
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
239,982
239,982
Loans from directors
1,566
-
Hi Tech Properties 4 You Ltd
Notes to the Accounts
for the year ended 31 August 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).