Hanover Business Centres Ltd
|
Registered Number
:
02302007
|
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
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
2021
2022
Property
,
plant and equipment
|
727,744
728,116
2
727,744
728,116
Trade and other receivables
|
7,922
9,888
3
975
Cash and cash equivalents
|
3,716
13,604
8,897
Trade and other payables
:
amounts falling due within one
|
year
|
(22,433)
(27,248)
4
(13,536)
(13,644)
Net current liabilities
Total assets less current liabilities
|
714,100
714,580
Trade and other payables
:
amounts falling due after more
|
than one year
|
(333,837)
(309,194)
5
(4,842)
(5,123)
Provisions for liabilities
|
400,064
Net assets
375,620
12,000
12,000
188,974
188,974
6
199,090
174,646
400,064
375,620
Shareholders' funds
For the year ended 31 March 2022 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 2022 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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 26 October 2022 and were signed by:
|
1 of 5
For the year ended 31 March 2022
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 2022
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
.
|
3 Connaught House
Riverside Business Park
Benarth Road
Conwy
LL32 8UB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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:
|
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.
|
3 of 5
For the year ended 31 March 2022
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
736,721
37,221
699,500
699,500
37,221
736,721
Provision for depreciation and impairment
|
8,605
8,605
-
Charge for year
372
-
372
8,977
8,605
372
699,128
28,616
727,744
699,500
28,616
728,116
3
.
Trade and other receivables
|
2021
2022
9,888
7,922
4
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
7,528
1,976
Taxation and social security
|
5,816
8,458
Accruals and deferred income
|
2,020
2,020
11,884
9,979
27,248
22,433
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2021
2022
333,837
309,194
Directors
'
loan accounts
|
4 of 5
For the year ended 31 March 2022
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
Revaluation reserve at
01
April
2021
|
188,974
188,974
Revaluation reserve at
31
March
2022
|
7
.
Average number of persons employed
|
During the year the average number of employees was 5 (2021 : 2)
5 of 5