Hussain Investments Limited
|
Registered Number
:
05746332
|
For the year ended 31 December 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2019
Hussain Investments Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Hussain Investments Limited
Statement of Financial Position
31/12/2018
31/12/2019
2
969,115
909,375
1,134,006
1,165,483
3
2,134,598
2,043,381
Trade and other receivables
|
170,063
75,000
4
155,931
Cash and cash equivalents
|
148,117
223,117
325,994
Trade and other payables
:
amounts falling due within one
|
year
|
(22,772)
(31,387)
5
303,222
191,730
Net current assets
Total assets less current liabilities
|
2,326,328
2,346,603
2,326,328
Net assets
2,346,603
100
100
2,326,228
2,346,503
2,326,328
2,346,603
Shareholders' funds
For the year ended 31 December 2019 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 December 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges her 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.
|
Mrs Jabeen Kauser Director
|
These financial statements were approved and authorised for issue by the Board on 08 May 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2019
Hussain Investments Limited
Notes to the Financial Statements
Statutory Information
Hussain Investments Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
05746332
.
|
Principal place of business
:
|
Fieldhurst
13 Liversedge Hall Lane
Liversedge
West Yorkshire
WF15 7DD
Fieldhurst
13 Liversedge Hall Lane
Liversedge
West Yorkshire
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit or loss.
|
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 December 2019
Hussain Investments Limited
Notes to the Financial Statements Continued
909,375
59,740
969,115
969,115
909,375
Investment property comprises of residential property for letting. The valuation of the properties were made on 31 Decemeber 2019 by Jabeen Kauser a director of the company, on an open market valuation. The historical cost of the properties are £1.051, 723 against a cary value of £969,115. During the yaer an additional property was aquired for £59,740.
|
3
.
Investments held as fixed assets
|
1,134,006
1,134,006
31,477
31,477
1,165,483
1,165,483
1,165,483
1,165,483
1,134,006
1,134,006
The fixed asset investments are included in the balance sheet at cost.
4
.
Trade and other receivables
|
31/12/2018
31/12/2019
75,000
170,063
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For the year ended 31 December 2019
Hussain Investments Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
31/12/2018
31/12/2019
Taxation and social security
|
18,701
18,909
12,686
3,863
31,387
22,772
6
.
Related party transactions
|
A loan was granted by Hussain Investments Limited to Fig
&
Olive Investments Ltd
,
a company with common
|
shareholders
.
As of the year end the amount owing from Fig
&
Olive Investments Ltd was £
75
,
000
(
2018
-
|
£
170
,
000
).
Interest is charged at commercial rate on the outstanding amount
.
The loan is a short tern loan repayable
|
upon demand
.
|
7
.
Directors advances and guarantees
|
Loaned
Repaid
Mrs Jabeen Kauser
Transactions in relation to loans with the director are as follows.
|
12,685
2,717
12,388
2,420
12,685
2,717
12,388
2,420
8
.
Average number of persons employed
|
During the year the average number of employees was 3 (2018 : 3)
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