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31/10/2021
2021-10-31
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No description of principal activities is disclosed
2020-11-01
Sage Accounts Production 2020 Update 1 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
09827189
2020-11-01
2021-10-31
09827189
2021-10-31
09827189
2020-10-31
09827189
2019-11-01
2020-10-31
09827189
2020-10-31
09827189
2019-10-31
09827189
core:LandBuildings
core:LongLeaseholdAssets
2020-11-01
2021-10-31
09827189
bus:RegisteredOffice
2020-11-01
2021-10-31
09827189
bus:LeadAgentIfApplicable
2020-11-01
2021-10-31
09827189
bus:Director1
2020-11-01
2021-10-31
09827189
bus:Director2
2020-11-01
2021-10-31
09827189
core:LandBuildings
core:LongLeaseholdAssets
2020-10-31
09827189
core:LandBuildings
core:LongLeaseholdAssets
2021-10-31
09827189
core:RetainedEarningsAccumulatedLosses
2019-11-01
2020-10-31
09827189
core:RetainedEarningsAccumulatedLosses
2020-11-01
2021-10-31
09827189
core:WithinOneYear
2021-10-31
09827189
core:WithinOneYear
2020-10-31
09827189
core:ShareCapital
2021-10-31
09827189
core:ShareCapital
2020-10-31
09827189
core:RetainedEarningsAccumulatedLosses
2021-10-31
09827189
core:RetainedEarningsAccumulatedLosses
2020-10-31
09827189
core:ShareCapital
2019-10-31
09827189
core:RetainedEarningsAccumulatedLosses
2019-10-31
09827189
core:LandBuildings
core:LongLeaseholdAssets
2020-10-31
09827189
bus:Director1
2021-10-31
09827189
bus:Director1
2020-10-31
09827189
bus:SmallEntities
2020-11-01
2021-10-31
09827189
bus:AuditExemptWithAccountantsReport
2020-11-01
2021-10-31
09827189
bus:FullAccounts
2020-11-01
2021-10-31
09827189
bus:SmallCompaniesRegimeForAccounts
2020-11-01
2021-10-31
09827189
bus:PrivateLimitedCompanyLtd
2020-11-01
2021-10-31
Company registration number:
09827189
ABHN Limited
Unaudited filleted financial statements
31 October 2021
ABHN Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
ABHN Limited
Directors and other information
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Directors |
Mr Hanish Naran |
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Mrs Nimisha Naran |
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Company number |
09827189 |
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Registered office |
35 Colworth House |
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Colworth Park, Sharnbrook |
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Bedford |
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Beds |
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MK44 1LQ |
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Accountants |
Rawnsley & Co |
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35 Colworth House |
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Colworth Park, Sharnbrook |
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Bedford |
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Beds |
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MK44 1LQ |
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ABHN Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of ABHN Limited
Year ended 31 October 2021
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2021 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Rawnsley & Co
Chartered Certified Accountant
35 Colworth House
Colworth Park, Sharnbrook
Bedford
Beds
MK44 1LQ
11 August 2022
ABHN Limited
Statement of financial position
31 October 2021
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2021 |
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2020 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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4 |
63,077 |
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63,333 |
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_______ |
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_______ |
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63,077 |
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63,333 |
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Current assets |
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Cash at bank and in hand |
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3,441 |
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1,167 |
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_______ |
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_______ |
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3,441 |
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1,167 |
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Creditors: amounts falling due |
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within one year |
|
5 |
(
68,650) |
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(
68,110) |
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_______ |
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_______ |
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Net current liabilities |
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(
65,209) |
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(
66,943) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
2,132) |
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(
3,610) |
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_______ |
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_______ |
Net liabilities |
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(
2,132) |
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(
3,610) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
Profit and loss account |
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(
2,134) |
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(
3,612) |
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_______ |
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_______ |
Shareholders deficit |
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(
2,132) |
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(
3,610) |
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_______ |
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_______ |
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For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 August 2022
, and are signed on behalf of the board by:
Mr Hanish Naran
Director
Company registration number:
09827189
ABHN Limited
Statement of changes in equity
Year ended 31 October 2021
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 November 2019 |
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2 |
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(
3,466) |
(
3,464) |
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Profit/(loss) for the year |
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(
146) |
(
146) |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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(
146) |
(
146) |
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_______ |
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_______ |
_______ |
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At 31 October 2020 and 1 November 2020 |
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2 |
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(
3,612) |
(
3,610) |
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Profit/(loss) for the year |
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1,478 |
1,478 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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1,478 |
1,478 |
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_______ |
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_______ |
_______ |
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At 31 October 2021 |
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2 |
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(
2,134) |
(
2,132) |
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_______ |
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_______ |
_______ |
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ABHN Limited
Notes to the financial statements
Year ended 31 October 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Colworth House, Colworth Park, Sharnbrook, Bedford, Beds, MK44 1LQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Long leasehold property |
- |
0.4 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Coronavirus - Covid-19
Like most Businesses the company is likely to be adversely affected by the global Coronavirus pandemic. There is considerable uncertainty as to the size, nature and duration of the impact that will result from the pandemic and national response thereto.The director has considered the information available and has reasonable expectation that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the director is satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.
4.
Tangible assets
|
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Long leasehold property |
Total |
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£ |
£ |
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Cost |
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At 1 November 2020 and 31 October 2021 |
64,101 |
64,101 |
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_______ |
_______ |
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Depreciation |
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At 1 November 2020 |
768 |
768 |
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Charge for the year |
256 |
256 |
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_______ |
_______ |
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At 31 October 2021 |
1,024 |
1,024 |
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_______ |
_______ |
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Carrying amount |
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At 31 October 2021 |
63,077 |
63,077 |
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_______ |
_______ |
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At 31 October 2020 |
63,333 |
63,333 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Other creditors |
|
68,650 |
68,110 |
|
|
|
_______ |
_______ |
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6.
Directors advances, credits and guarantees
|
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Balance brought forward and o/standing |
Balance brought forward and o/standing |
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Mr Hanish Naran |
66,527 |
66,527 |
|
|
_______ |
_______ |
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|
7.
Related party transactions
During the year the company entered into the following transactions with related parties:
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Transaction value |
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Balance owed by/(owed to) |
|
|
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2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
|
PositiveITSystems.co.uk Limited |
1,640 |
- |
1,640 |
- |
|
|
_______ |
_______ |
_______ |
_______ |
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PositiveITSystems.co.uk Limited is a company in which the director has a controlling interest.
8.
Controlling party
The company is contolled by the directors by virtue of their 100% shareholding