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REGISTERED NUMBER: 10671946 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

H S Kamaie Ltd

H S Kamaie Ltd (Registered number: 10671946)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


H S Kamaie Ltd

COMPANY INFORMATION
for the year ended 31 March 2023







Director: Mr E Kamaie





Registered office: 129 North Hill
Plymouth
Devon
PL4 8JY





Business address: Poltair, Seymour Avenue, Mannamead,
Plymouth
Devon
PL3 5AR





Registered number: 10671946 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

H S Kamaie Ltd (Registered number: 10671946)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 415,000 415,000

Current assets
Debtors 5 160,000 -
Cash at bank 132,073 305,928
292,073 305,928
Creditors
Amounts falling due within one year 6 111,979 118,758
Net current assets 180,094 187,170
Total assets less current liabilities 595,094 602,170

Creditors
Amounts falling due after more than
one year

7

(293,231

)

(293,231

)

Provisions for liabilities 9 (54,500 ) (54,500 )
Net assets 247,363 254,439

Capital and reserves
Called up share capital 10 100 100
Revaluation reserve 232,500 232,500
Retained earnings 14,763 21,839
Shareholders' funds 247,363 254,439

H S Kamaie Ltd (Registered number: 10671946)

BALANCE SHEET - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





Mr E Kamaie - Director


H S Kamaie Ltd (Registered number: 10671946)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

H S Kamaie Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, business address and registered office address can be found on the company information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable for the period adjusting for amounts in advance or arrears at the balance sheet date.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

H S Kamaie Ltd (Registered number: 10671946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 415,000
Net book value
At 31 March 2023 415,000
At 31 March 2022 415,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 177,000
Valuation in 2020 10,000
Valuation in 2022 100,000
Cost 128,000
415,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 128,000 128,000

Investment property was valued on an open market basis on 31 March 2022 by the director .

H S Kamaie Ltd (Registered number: 10671946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 160,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,802 5,984
Other creditors 107,177 112,774
111,979 118,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 293,231 293,231

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 293,231 293,231

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 293,231 293,231

The bank loan is secured against the property owned by the company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 54,500 54,500

Deferred
tax
£   
Balance at 1 April 2022 54,500
Balance at 31 March 2023 54,500

H S Kamaie Ltd (Registered number: 10671946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following to related parties:


H Kamaie (sole shareholder)

£101,787

At the balance sheet date the company was owed the following amounts from related parties:

Kamaie Properties Ltd (owned and controlled by E Kamaie and his wife) £160,000

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H Kamaie.