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Company registration number:10542791
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I H A ESTATES LIMITED
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 December 2022 |
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I H A ESTATES LIMITED |
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BALANCE SHEET |
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AS AT 31 December 2022
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2022 |
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2021 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Tangible assets | | | 3 | | | 165,000 | | | | 165,000 | |
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| | | | | | | 165,000 | | | | 165,000 | |
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CURRENT ASSETS |
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Cash at bank and in hand | | | | 1,206 | | | | 489 | | | | |
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| | | | | 1,206 | | | | 489 | | | |
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CREDITORS |
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Amounts falling due within one year |
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4 |
(23,562) |
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(22,963) |
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NET CURRENT ASSETS |
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(22,356) |
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(22,474) |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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142,644 |
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142,526 |
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Creditors falling due after one year | | 5 | | | (101,872) | | | | (101,875) | |
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PROVISIONS FOR LIABILITIES | | | | | (6,741) | | | | (6,741) | |
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NET ASSETS |
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34,031 |
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33,910 |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
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6 |
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100 |
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100 |
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Revaluation Reserve | | | | | | 35,479 | | | | 35,479 | |
Profit and loss account |
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(1,548) |
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(1,669) |
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SHAREHOLDERS FUNDS |
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34,031 |
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33,910 |
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For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 13 September 2023 and signed on its behalf. | | | | | | | |
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The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. | | | | | | | |
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.......................................................................... |
Mohammed Islam |
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13 September 2023
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The annexed notes form part of these financial statements. | | | | | | | |
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| | | | | | | |
I H A ESTATES LIMITED | | | | | | |
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STATEMENT OF CHANGES IN EQUITY | | | | | | |
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FOR THE YEAR ENDED 31 DECEMBER 2022 | | |
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Share |
Share |
P and L |
Revaluation |
Other |
Total |
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Capital |
Premium |
Account |
reserve |
reserves |
equity |
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£ |
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£ |
£ |
£ |
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Balance at 1 January 2021 | | 100 | 0 | (1,696) | 35,479 | 0 | 33,883 |
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Changes in equity | | | | | | | | | | |
Total Comprehensive Income | | 0 | 0 | 27 | 0 | 0 | 27 |
Balance at 31 December 2021 | | 100 | 0 | (1,669) | 35,479 | 0 | 33,910 |
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Changes in equity | | | | | | | | | | |
Total comprehensive income | | 0 | 0 | 121 | 0 | 0 | 121 |
Balance at 31 December 2022 | | 100 | 0 | (1,548) | 35,479 | 0 | 34,031 |
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I H A ESTATES LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2022 |
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1. |
Accounting policies |
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| Statutory information | | | | | | | |
| IHA Estates Limited is a private company, limited by shares, registered in England and Wales. The presentation currency of the financial statements is the £ sterling. | |
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| Statement of compliance | | | | | | | |
| These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard. | |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the historical cost convention as modifed by the revaluation of certain assets. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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| Turnover | | | | | | | | | |
| Turnover represents rental income receivable during the year. | |
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| Financial assets |
| Investment property is carried at fair value. Revaluation surpluses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. | |
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| Deferred Taxation | | | | | | | | |
| Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. | |
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2. | Employees | | | |
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| The average number of persons employed by the company (including directors) during the year was 1. |
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4. | Creditors due within one year | | | | | |
| | | | | 2022 | 2021 | | |
| | | | | £ | £ | | |
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| Other creditors | | | 0 | 1 | | |
| Accruals and deferred income | | 1,200 | 600 | | |
| Loan from directors | | | 22,362 | 22,362 | | |
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| | | | | 23,562 | 22,963 | | |
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5. | Creditors due after one year | | | | | |
| | | | | 2022 | 2021 | | |
| | | | | £ | £ | | |
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| Other creditors | | | 101,872 | 101,875 | | |
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| | | | | 101,872 | 101,875 | | |
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| Other creditors comprises a mortgage which is secured by a charge over the land and building owned by the company and by guarantees from stakeholders. |
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6. |
Share capital |
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Alloted, Issued and fully paid |
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2022 |
2021 |
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£ |
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| Ordinary shares of £1 each | | | 100 | 100 | | | |
| Total issued share capital | | | 100 | 100 | | | |
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