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Registration number: 09656069

Hayrish Investment Management Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2023

 

Hayrish Investment Management Limited

(Registration number: 09656069)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

143,091

84,000

Cash at bank and in hand

 

12,231

133,380

 

155,322

217,380

Creditors: Amounts falling due within one year

5

(29,179)

(138,294)

Net assets

 

126,143

79,086

Capital and reserves

 

Called up share capital

55,000

50,000

Profit and loss account

71,143

29,086

Shareholders' funds

 

126,143

79,086

For the financial year ending 30 June 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
Mr A W Walton
Director

 

Hayrish Investment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

 

Hayrish Investment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

Note

2023
£

2022
£

Trade debtors

 

84,000

84,000

Amounts owed by group undertakings and undertakings in which the company has a participating interest

59,091

-

 

143,091

84,000

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

-

106,962

Taxation and social security

25,656

28,893

Accruals and deferred income

3,523

2,439

29,179

138,294

6

Parent and ultimate parent undertaking

The company's immediate parent is The Hayrish Group Limited, incorporated in England.

 The ultimate parent is Hayrish Holdings Limited, incorporated in England.