Hanover Business Centres Ltd |
Registered Number:02302007 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
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
2022
2023
Property, plant and equipment |
676,144
727,744
2
676,144
727,744
Trade and other receivables |
9,888
8,814
3
3,716
Cash and cash equivalents |
3,699
12,513
13,604
Trade and other payables: amounts falling due within one |
year |
(27,248)
(29,663)
4
(13,644)
(17,150)
Net current liabilities
Total assets less current liabilities |
658,994
714,100
Trade and other payables: amounts falling due after more |
than one year |
(309,194)
(218,433)
5
(4,860)
(4,842)
Provisions for liabilities |
435,701
Net assets
400,064
12,000
12,000
188,974
188,974
6
234,727
199,090
435,701
400,064
Shareholders' funds
For the year ended 31 March 2023 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 2023 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. |
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For the year ended 31 March 2023
Hanover Business Centres Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 17 July 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
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 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: |
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 2023
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
736,721
37,221
699,500
2,800
2,800
-
-
(54,000)
(54,000)
645,500
40,021
685,521
Provision for depreciation and impairment |
8,977
8,605
372
Charge for year
400
400
-
9,377
9,005
372
645,128
31,016
676,144
699,128
28,616
727,744
3. Trade and other receivables |
2022
2023
8,814
9,888
4. Trade and other payables: amounts falling due within one year |
2022
2023
8,567
7,528
Taxation and social security |
9,497
5,816
Accruals and deferred income |
2,020
2,020
9,579
11,884
29,663
27,248
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
309,194
218,433
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For the year ended 31 March 2023
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
Revaluation reserve at 01 April 2022 |
188,974
188,974
Revaluation reserve at 31 March 2023 |
7. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 5)
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