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Registered number: 13842934 HAN PROPERTY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
HAN PROPERTY LIMITED REGISTERED NUMBER: 13842934 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 3,219,825 |  | 3,219,825
|  |  | 3,219,825 |  | 3,219,825
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,100,000 |  | - |
Cash at bank and in hand | 6 | 26,029 |  | 225 |
|  | 1,126,029 |  | 225 |
Creditors: amounts falling due within one year | 7 | (3,286,922) |  | (3,223,196) |
Net current liabilities |  |  | (2,160,893) |  | (3,222,971)
Creditors: amounts falling due after more than one year | 8 |  | (1,150,000) |  | -
Net liabilities |  |  | (91,068) |  | (3,146)
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 100 |  | 100
Profit and loss account |  |  | (91,168) |  | (3,246)
|  |  | (91,068) |  | (3,146)
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HAN PROPERTY LIMITED REGISTERED NUMBER: 13842934 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2025.
Dr A Hanouka
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
HAN PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Han Property Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX. The company specialises in the investment and rental of real estate. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis, despite the company reporting net current liabilities of £2,160,893 (2024 - £3,222,971). Included within creditors are loans totalling £3,220,000 (2024 - £3,220,000) from related parties who have confirmed that they will not seek repayment of the loans until such time as the company has sufficient working capital. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method.
| 2.4 | Borrowing costs
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.
| 2.5 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive income.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 3
HAN PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including director during the year was 1 (2024 - 1).
4. | Investment property
|  | Long term leasehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 3,219,825
| At 31 March 2025 | 3,219,825
The 2025 valuations were made by the director, on an open market value for existing use basis.
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HAN PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by related undertakings | 1,100,000 | -
|  | 1,100,000 | -
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 26,029 | 225
|  | 26,029 | 225
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,930 | -
| Amounts owed to related undertakings | 3,220,000 | 3,220,000
| Other creditors | 61,796 | -
| Accruals and deferred income | 3,196 | 3,196
|  | 3,286,922 | 3,223,196
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,150,000 | -
|  | 1,150,000 | -
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HAN PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Bank loans | 1,150,000 | -
|  | 1,150,000 | -
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 Ordinary shares of £1 each | 100 | 100
11. | Related party transactions
| Included within amounts owed to related undertakings is an amount of £3,220,000 (2024 - £3,220,000) due to companies with a common director. Included within other creditors is an amount of £61,796 (2024 - £Nil) due to the director of the company. Included within amounts owed by related undertakings is an amount of £1,100,000 (2024 - £Nil) due by a company with a common director.
12. | Ultimate parent undertaking and controlling party
The immediate and ultimate parent company is Han Group Investments Limited, a company incorporated in England and Wales. Its registered office is The Maylands Building, Maylands Avenue, Hemel Hempstead, Hertfordshire, United Kingdom, HP2 7TG. The ultimate controlling parties are the shareholders of Han Group Investments Limited.
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