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Registration number: 09656069

Hayrish Investment Management Limited

Annual Report and Unaudited Financial Statements - Companies House Filing

for the Year Ended 30 June 2018

 

Hayrish Investment Management Limited

(Registration number: 09656069)
Statement of Financial Position as at 30 June 2018

Note

2018
£

2017
£

Current assets

 

Debtors

3

-

39,555

Cash at bank and in hand

 

336,818

-

 

336,818

39,555

Creditors: Amounts falling due within one year

4

(308,286)

(19,737)

Net assets

 

28,532

19,818

Capital and reserves

 

Called up share capital

20,000

20,000

Profit and loss account

8,532

(182)

Total equity

 

28,532

19,818

For the financial year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 16 October 2018
 

.........................................

Mr A W Walton

Director

 

Hayrish Investment Management Limited

Notes to the Financial Statements for the Year Ended 30 June 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

Hayrish Investment Management Limited

Notes to the Financial Statements for the Year Ended 30 June 2018

Financial instruments

Recognition and measurement
The Company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans
to related parties

 
 

3

Debtors

Note

2018
£

2017
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

20,000

Prepayments

 

-

19,555

 

-

39,555

4

Creditors

Creditors: amounts falling due within one year

Note

2018
£

2017
£

Amounts owed to group undertakings and undertakings in which the company has a participating interest

251,286

19,737

Taxation and social security

 

56,000

-

Accruals and deferred income

 

1,000

-

 

308,286

19,737

5

Parent and ultimate parent undertaking

The company's immediate parent is The Hayrish Group Limited, incorporated in England.

 The ultimate parent is Hayrish Holdings Limited, incorporated in England.