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REGISTERED NUMBER: 04791219 (England and Wales)










Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

BHNK LTD.

BHNK LTD. (Registered number: 04791219)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Report of the Directors 2

Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


BHNK LTD.

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M S Jhooty
S Jhooty





SECRETARY: Mrs S K Jhooty





REGISTERED OFFICE: 20 Hatherton Street
Walsall
West Midlands
WS4 2LA





REGISTERED NUMBER: 04791219 (England and Wales)





ACCOUNTANTS: SKS Business Services Ltd
3 Sheen Road
Richmond Upon Thames
Surrey
TW9 1AD

BHNK LTD. (Registered number: 04791219)

Report of the Directors
for the Year Ended 31 December 2022

The directors present their report with the financial statements of the company for the year ended 31 December 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2022 to the date of this report.

M S Jhooty
S Jhooty

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M S Jhooty - Director


1 November 2023

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BHNK LTD.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BHNK LTD. for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BHNK LTD., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BHNK LTD. and state those matters that we have agreed to state to the Board of Directors of BHNK LTD., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BHNK LTD. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BHNK LTD. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BHNK LTD.. You consider that BHNK LTD. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BHNK LTD.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SKS Business Services Ltd
3 Sheen Road
Richmond Upon Thames
Surrey
TW9 1AD


1 November 2023

BHNK LTD. (Registered number: 04791219)

Income Statement
for the Year Ended 31 December 2022

2022 2021
£    £   

TURNOVER 63,590 42,867

Administrative expenses (49,858 ) (29,065 )
13,732 13,802

Other operating income 14,294 19,391
OPERATING PROFIT 28,026 33,193


Interest payable and similar expenses (100,796 ) (36,031 )
LOSS BEFORE TAXATION (72,770 ) (2,838 )

Tax on loss 14,262 -
LOSS FOR THE FINANCIAL YEAR (58,508 ) (2,838 )

BHNK LTD. (Registered number: 04791219)

Balance Sheet
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investment property 3 2,724,779 2,724,779

CURRENT ASSETS
Debtors 4 50,893 76,877
Cash at bank 12,438 1,147
63,331 78,024
CREDITORS
Amounts falling due within one year 5 (530,853 ) (736,455 )
NET CURRENT LIABILITIES (467,522 ) (658,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,257,257

2,066,348

CREDITORS
Amounts falling due after more than one
year

6

(1,929,456

)

(1,680,039

)
NET ASSETS 327,801 386,309

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 327,701 386,209
327,801 386,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:



M S Jhooty - Director


BHNK LTD. (Registered number: 04791219)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. 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.

TURNOVER
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover comprises revenue recognised by the company in respect of rent receivable and other income from the letting and management of land and property owned by the company during the year net of discounts, rebates & Value Added Tax.

INVESTMENT PROPERTY
Investment property is carried at fair value determined annually by the directors and derived from the current
market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

BHNK LTD. (Registered number: 04791219)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 2,724,779
NET BOOK VALUE
At 31 December 2022 2,724,779
At 31 December 2021 2,724,779

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,221 54,635
Other debtors 30,672 22,242
50,893 76,877

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 146,300
Trade creditors 55,542 49,829
Taxation and social security (22,571 ) (6,136 )
Other creditors 497,882 546,462
530,853 736,455

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 1,408,056 1,158,639
Other creditors 521,400 521,400
1,929,456 1,680,039