Registered number
11972060
Andian Holdings Ltd
Filleted Accounts
31 May 2023
Andian Holdings Ltd
Registered number: 11972060
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 482,155 479,311
Current assets
Cash at bank and in hand 1,016 5,336
Creditors: amounts falling due within one year 4 (279,238) (203,454)
Net current liabilities (278,222) (198,118)
Total assets less current liabilities 203,933 281,193
Creditors: amounts falling due after more than one year 5 (201,845) (267,461)
Net assets 2,088 13,732
Capital and reserves
Called up share capital 20 20
Fair value reserve 7 78,040 73,040
Profit and loss account (75,972) (59,328)
Shareholders' funds 2,088 13,732
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I J Perry
Director
Approved by the board on 10 October 2023
Andian Holdings Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents receivable and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated.
Fixtures, fittings, tools and equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Fixtures and fittings etc Total
£ £ £
Cost/valuation
At 1 June 2022 475,000 10,779 485,779
Surplus on revaluation 5,000 - 5,000
At 31 May 2023 480,000 10,779 490,779
Depreciation
At 1 June 2022 - 6,468 6,468
Charge for the year - 2,156 2,156
At 31 May 2023 - 8,624 8,624
Net book value
At 31 May 2023 480,000 2,155 482,155
At 31 May 2022 475,000 4,311 479,311
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 17,062 19,576
Other creditors 262,176 183,878
279,238 203,454
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 201,845 267,461
6 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 133,597 165,835
Secured bank borrowings 176,180 238,710
Bank borrowings are secure by means of a legal charge over the company's land and buildings.
7 Fair value reserve 2023 2022
£ £
At 1 June 2022 73,040 48,040
Gain on revaluation of land and buildings 5,000 25,000
At 31 May 2023 78,040 73,040
8 Other information
Andian Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 The Hayes Trading Estate
Folkes Road
Stourbridge
West Midlands
DY9 8RG
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