HSN Properties (NW) Ltd

Unaudited Financial Statements for the Year Ended 30 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Ali

A H H Alhumaidat

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

08868346 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

1,582

2,109

Investment property

5

2,445,627

2,444,626

2,447,209

2,446,735

CURRENT ASSETS

Cash at bank and in hand

50,681

97,726

CREDITORS

Amounts falling due within one year

6

621,727

713,331

NET CURRENT LIABILITIES

(571,046

)

(615,605

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,876,163

1,831,130

CREDITORS

Amounts falling due after more than one year

7

(2,708

)

(11,449

)

PROVISIONS FOR LIABILITIES

(299,225

)

(299,225

)

NET ASSETS

1,574,230

1,520,456

CAPITAL AND RESERVES

Called up share capital

101

101

Fair value reserve

8

1,273,367

1,273,367

Retained earnings

300,762

246,988

SHAREHOLDERS' FUNDS

1,574,230

1,520,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2025 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 28 October 2025 and were signed on its behalf by:

H Ali - Director

A H H Alhumaidat - Director

1.	STATUTORY INFORMATION

HSN Properties (NW) Ltd 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

Freehold buildings are subject to a revaluation and held at their fair valued amount at the reporting date.

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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 January 2024

and 30 January 2025

5,000

DEPRECIATION

At 31 January 2024

2,891

Charge for year

527

At 30 January 2025

3,418

NET BOOK VALUE

At 30 January 2025

1,582

At 30 January 2024

2,109

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 31 January 2024

2,444,626

Additions

1,001

At 30 January 2025

2,445,627

NET BOOK VALUE

At 30 January 2025

2,445,627

At 30 January 2024

2,444,626

The investment properties were revalued by the director.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,500

10,200

Trade creditors

17,957

16,434

Taxation and social security

15,063

10,945

Other creditors

579,207

675,752

621,727

713,331

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,708

11,449

8.

RESERVES

Fair

value

reserve

£

At 31 January 2024

and 30 January 2025

1,273,367

9.	ULTIMATE CONTROLLING PARTY

The controlling party is H Ali.