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REGISTERED NUMBER: 08461991















Unaudited Financial Statements for the Year Ended 31 May 2024

for

HAMKO EUROPE LTD

HAMKO EUROPE LTD (Registered number: 08461991)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAMKO EUROPE LTD

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Rezvani





SECRETARY: Mrs S Davtalabi





REGISTERED OFFICE: Thatch Tower
Troutstream Way
Loudwater Rickmansworth
WD3 4LQ





REGISTERED NUMBER: 08461991





ACCOUNTANTS: Purcells, Chartered Accountants
4 Quex Road
London
NW6 4PJ

HAMKO EUROPE LTD (Registered number: 08461991)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 17,172 19,080
Investment property 4 1,500,000 1,500,000
1,517,172 1,519,080

CURRENT ASSETS
Stocks 6,000 19,700
Debtors 5 6,202 4,835
12,202 24,535
CREDITORS
Amounts falling due within one year 6 1,006,837 1,013,883
NET CURRENT LIABILITIES (994,635 ) (989,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,537

529,732

CREDITORS
Amounts falling due after more than one year 7 34,415 39,977
NET ASSETS 488,122 489,755

CAPITAL AND RESERVES
Called up share capital 8 200,000 200,000
Non distributable income 9 238,549 238,549
Retained earnings 49,573 51,206
SHAREHOLDERS' FUNDS 488,122 489,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HAMKO EUROPE LTD (Registered number: 08461991)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





A Rezvani - Director


HAMKO EUROPE LTD (Registered number: 08461991)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable from sales and commission dealing in floor covering.

Tangible fixed assets and depreciation
No depreciation has been provided on the company's freehold investment property, which has been included in the accounts at cost.

Other fixed assets are stated at cost less depreciation.

Depreciation is provided so as to write off the cost of fixed assets less their estimated residual value over their anticipated useful lives:-

Fixtures, fittings and equipment - 10% reducing balance basis
Motor Vehicle - 10% reducing balance basis

Investment property
Investment property and improvement thereto, included in the balance sheet at cost to the company. No depreciation has been provided in respect of the property.

Stock
Stock is valued at the lower of cost and net realisable value.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 13,298 26,750 40,048
DEPRECIATION
At 1 June 2023 6,722 14,246 20,968
Charge for year 658 1,250 1,908
At 31 May 2024 7,380 15,496 22,876
NET BOOK VALUE
At 31 May 2024 5,918 11,254 17,172
At 31 May 2023 6,576 12,504 19,080

HAMKO EUROPE LTD (Registered number: 08461991)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INVESTMENT PROPERTY

ResidentialCommercialTotal
£ £ £
COST/ VALUATION
At 1 June 20221,209,778 51,6731,261,451
Revaluation 220,222 18,327238,549

AT 31 May 20231,430,00070,0001,500,000

NET BOOK VALUE
At 31 May 20231,430,000 70,0001,500,000

At 31 May 20221,300,527 51,6731,352,200

The Company's investment properties were valued by the Directors at 31 May 2024 based on the Directors' understanding of property market conditions and the specific properties concerned. If this property was not included at valuation, this would be included under the historical cost convention at the original cost of £1,261,451. On sale of the property the gain would be subject to corporation tax.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 5,690 4,437
Prepayments 512 398
6,202 4,835

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 3,043 2,144
Corporation tax - 340
Other creditors 600 3,810
Unsecured loan by director:
Arash Rezvani 1,001,194 1,004,589
Accruals 2,000 3,000
1,006,837 1,013,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 34,415 39,977

HAMKO EUROPE LTD (Registered number: 08461991)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
200,000 Ordinary £1 200,000 200,000

9. RESERVES



Non
distributable
reserve:


Deferred tax
Total non
distributable
reserve
£ £ £
Balance at 1 June 2023238,549-238,549
increase/(decrease) in non distributable reserve/ Deferred tax
provision

-

-

-

Balance at 31 May 2024238,549 -238,549


Retained earnings:
31.5.2431.5.23
£ £
Balance at 1 June 2023/ 1 June 202251,20651,714
Net/ (loss) profit for the year(1,133)492
Dividends (500) (1,000)

Balance at 31 May 2024/31 May 2023 49,573 51,206