| Hanover Business Centres Ltd |
| Registered Number:02302007 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Hanover Business Centres Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Hanover Business Centres Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
675,721
676,121
2
675,721
676,121
| Trade and other receivables |
11,874
11,538
3
3,144
| Cash and cash equivalents |
2,927
14,465
15,018
| Trade and other payables: amounts falling due within one |
| year |
(30,462)
(36,291)
4
(15,444)
(21,826)
Net current liabilities
| Total assets less current liabilities |
653,895
660,677
| Trade and other payables: amounts falling due after more |
| than one year |
(220,452)
(206,352)
5
(4,808)
(4,559)
| Provisions for liabilities |
442,735
Net assets
435,666
12,000
12,000
188,974
188,974
6
241,761
234,692
442,735
435,666
Shareholders' funds
| 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. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 05 September 2025 and were signed by: |
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For the year ended 31 March 2025
Hanover Business Centres Ltd
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 March 2025
Hanover Business Centres Ltd
Notes to the Financial Statements
Statutory Information
| Hanover Business Centres Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 02302007. |
1 Hanover House
The Roe
St. Asaph
Denbighshire
LL17 0LT
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
| 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: |
Computer equipment
Fixtures and fittings
| The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent |
| depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
| January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that |
| valuation has not been updated. |
| The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
| likely that there has been a material change in value. |
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2025
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
685,898
377
40,021
645,500
645,500
40,021
377
685,898
| Provision for depreciation and impairment |
9,777
-
9,405
372
Charge for year
400
-
400
-
10,177
-
9,805
372
645,128
30,216
377
675,721
645,128
30,616
377
676,121
| 3. Trade and other receivables |
2024
2025
11,064
11,377
| Taxation and social security |
474
497
11,874
11,538
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
12,075
7,427
| Taxation and social security |
1,616
-
| Accruals and deferred income |
11,723
12,308
10,877
10,727
36,291
30,462
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
220,452
206,352
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For the year ended 31 March 2025
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
| Revaluation reserve at 01 April 2024 |
188,974
188,974
| Revaluation reserve at 31 March 2025 |
| 7. Average number of persons employed |
During the year the average number of employees was 4 (2024 : 4)
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