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REGISTERED NUMBER: 05790090 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HEMICK LIMITED

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEMICK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Chaudhry
A Chaudhry
H Chopra





REGISTERED OFFICE: Aegis House
491 London Road
Isleworth
Middlesex
TW7 4DA





REGISTERED NUMBER: 05790090 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,957 -
Investments 5 50 50
Investment property 6 3,154,508 3,150,683
3,156,515 3,150,733

CURRENT ASSETS
Debtors 7 292,409 320,053
Cash in hand 144,413 95,493
436,822 415,546
CREDITORS
Amounts falling due within one year 8 (63,124 ) (65,316 )
NET CURRENT ASSETS 373,698 350,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,530,213

3,500,963

CREDITORS
Amounts falling due after more than one
year

9

(765,000

)

(765,000

)

PROVISIONS FOR LIABILITIES (248,382 ) (247,893 )
NET ASSETS 2,516,831 2,488,070

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 1,156,728 1,156,728
Retained earnings 10 1,359,103 1,330,342
SHAREHOLDERS' FUNDS 2,516,831 2,488,070

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:





A Chaudhry - Director


HEMICK LIMITED (REGISTERED NUMBER: 05790090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Hemick Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents rents received, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 years straight line.
Plant and machinery - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

3. EMPLOYEES AND DIRECTORS

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

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 3,218
Additions 2,760
At 31 December 2024 5,978
DEPRECIATION
At 1 January 2024 3,218
Charge for year 803
At 31 December 2024 4,021
NET BOOK VALUE
At 31 December 2024 1,957

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 50
NET BOOK VALUE
At 31 December 2024 50
At 31 December 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 3,150,683
Additions 3,825
At 31 December 2024 3,154,508
NET BOOK VALUE
At 31 December 2024 3,154,508
At 31 December 2023 3,150,683

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2016 781,016
Valuation in 2018 475,000
Valuation in 2020 25,000
Valuation in 2022 123,604
Cost 1,749,888
3,154,508

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 22,994
Other debtors 292,409 297,059
292,409 320,053

Other debtors include an interest free, repayable on demand loan of £275,103 (2023 - £275,103) to Banbury Properties Limited, an associated company, in which Mr A Chaudhry is a director.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,928 1,369
Taxation and social security 13,454 17,910
Other creditors 47,742 46,037
63,124 65,316

Other creditors include an interest free, repayable on demand loan of £29,973 (2023 - £28,378) from JCC (1967) Limited, a company in which Mr J Chaudhry and Mr A Chaudhry are directors.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 765,000 765,000

The Investec Bank Plc loan is secured against the company's investment property. Interest is charged at 1.99% over the Investec Bank Base Rate. The loan maturity date is 11 June 2033.

HEMICK LIMITED (REGISTERED NUMBER: 05790090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 1,330,342 1,156,728 2,487,070
Profit for the year 38,761 38,761
Dividends (10,000 ) (10,000 )
At 31 December 2024 1,359,103 1,156,728 2,515,831

11. CONTROLLING PARTY

The company is controlled by Aegis Assets Limited, a company incorporated in the British Virgin Islands.

12. ULTIMATE CONTROL

Ultimate control is excercised by the directors, by virtue of their shareholdings in the parent company.