1 December 2020 false Taxfiler 2022.8.3 true 08787225business:PrivateLimitedCompanyLtd2020-12-012021-11-30 087872252020-11-30 087872252020-12-012021-11-30 08787225business:AuditExempt-NoAccountantsReport2020-12-012021-11-30 08787225business:FullAccounts2020-12-012021-11-30 087872252021-11-30 08787225business:Director12020-12-012021-11-30 08787225business:RegisteredOffice2020-12-012021-11-30 087872252020-11-30 08787225core:WithinOneYear2021-11-30 08787225core:WithinOneYear2020-11-30 08787225core:AfterOneYear2021-11-30 08787225core:AfterOneYear2020-11-30 08787225core:ShareCapital2021-11-30 08787225core:ShareCapital2020-11-30 08787225core:RetainedEarningsAccumulatedLosses2021-11-30 08787225core:RetainedEarningsAccumulatedLosses2020-11-30 08787225business:SmallEntities2020-12-012021-11-30 08787225countries:EnglandWales2020-12-012021-11-30 08787225core:FurnitureFittings2020-12-012021-11-30 08787225core:PlantMachinery2020-11-30 08787225core:FurnitureFittings2020-11-30 08787225core:PlantMachinery2021-11-30 08787225core:FurnitureFittings2021-11-30 08787225core:PlantMachinery2020-12-012021-11-30 087872252019-12-012020-11-30 iso4217:GBP xbrli:pure
Company Registration No. 08787225 (England and Wales)
BH Global Limited Unaudited Financial Statements for the year ended 30 November 2021
BH Global Limited Unaudited Financial Statements Contents
Page
- 2 -
BH Global Limited Company Information for the year ended 30 November 2021
Director
Haaron Soud Al-Mishwit
Company Number
08787225 (England and Wales)
Registered Office
6 Linden Gardens London W2 4ES
- 3 -
BH Global Limited Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
855 
1,709 
Current assets
Inventories
1,244,172 
1,244,172 
Debtors
2,490 
2,490 
Cash at bank and in hand
4,307 
4,835 
1,250,969 
1,251,497 
Creditors: amounts falling due within one year
(362,699)
(361,599)
Net current assets
888,270 
889,898 
Total assets less current liabilities
889,125 
891,607 
Creditors: amounts falling due after more than one year
(899,808)
(895,321)
Net liabilities
(10,683)
(3,714)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(10,684)
(3,715)
Shareholders' funds
(10,683)
(3,714)
For the year ending 30 November 2021 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2022 and were signed on its behalf by
Haaron Soud Al-Mishwit Director Company Registration No. 08787225
- 4 -
BH Global Limited Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
BH Global Limited is a private company, limited by shares, registered in England and Wales, registration number 08787225. The registered office is 6 Linden Gardens, London, W2 4ES.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Inventories
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
- 5 -
BH Global Limited Notes to the Accounts for the year ended 30 November 2021
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2020
- 
3,417 
3,417 
At 30 November 2021
- 
3,417 
3,417 
Depreciation
At 1 December 2020
- 
1,708 
1,708 
Charge for the year
854 
- 
854 
At 30 November 2021
854 
1,708 
2,562 
Net book value
At 30 November 2021
(854)
1,709 
855 
At 30 November 2020
- 
1,709 
1,709 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
2,490 
2,490 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other creditors
2,490 
2,490 
Loans from directors
359,859 
358,859 
Accruals
350 
250 
362,699 
361,599 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
899,808 
895,321 
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
- 6 -