Hansons Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05303732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HANSONS ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G S Toor

Mr S Kumar

REGISTERED OFFICE:

Solar House

282 Chase Road

Southgate

London

N14 6NZ

REGISTERED NUMBER:

05303732 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

4,980

5,544

4,980

5,544

CURRENT ASSETS

Debtors

6

26,457

51,588

Cash at bank and in hand

75,841

48,178

102,298

99,766

CREDITORS

Amounts falling due within one year

7

81,653

73,043

NET CURRENT ASSETS

20,645

26,723

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,625

32,267

CREDITORS

Amounts falling due after more than one
year

8

25,833

30,833

NET (LIABILITIES)/ASSETS

(208

)

1,434

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(308

)

1,334

SHAREHOLDERS' FUNDS

(208

)

1,434

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Mr G S Toor - Director

Mr S Kumar - Director

1.	STATUTORY INFORMATION

Hansons Estates 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.

The company has increased property sales commissions and is continuing to grow in the rental market. The directors believe that the company will be able to maintain positive cash flows for the foreseeable future therefore the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

13,500

AMORTISATION

At 1 January 2024

and 31 December 2024

13,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

12,574

32,614

45,188

Additions

-

728

At 31 December 2024

12,574

33,342

45,916

DEPRECIATION

At 1 January 2024

11,825

27,819

39,644

Charge for year

187

1,105

1,292

At 31 December 2024

12,012

28,924

40,936

NET BOOK VALUE

At 31 December 2024

562

4,418

4,980

At 31 December 2023

749

4,795

5,544

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

4,683

10,642

Amounts due from related companies

7,403

6,250

Directors' current accounts

4,391

-

Prepayments and accrued income

9,980

34,696

26,457

51,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

5,000

Trade creditors

20,266

20,410

Credit Card

3,028

708

Tax

1,552

990

Social security and other taxes

3,295

2,294

Pensions

181

146

VAT

9,373

26,962

Landlords' control account

35,358

7,245

Directors' current accounts

-

745

Accrued expenses

3,600

8,543

81,653

73,043

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans - 1-2 years

5,000

Bank loans - 2-5 years

15,000

Bank loans more 5 yr by instal

5,833

10,833

25,833

30,833

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,833

10,833

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100