2022-04-012023-03-312023-03-31false07987394FANA ENTERPRISES 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FANA ENTERPRISES LIMITED

Registered Number
07987394
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

FANA ENTERPRISES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

EBRAHIM, Femina
EBRAHIM, Nazim Nizar

Registered Address

Flat 12 High Street
Desborough
Kettering
NN14 2QS

Registered Number

07987394 (England and Wales)
FANA ENTERPRISES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments62,267,5512,403,254
2,267,5512,403,254
Current assets
Debtors851,00051,000
Cash at bank and on hand3,7131,819
54,71352,819
Creditors amounts falling due within one year9(121,509)(153,008)
Net current assets (liabilities)(66,796)(100,189)
Total assets less current liabilities2,200,7552,303,065
Creditors amounts falling due after one year10(917,769)(1,006,006)
Net assets1,282,9861,297,059
Capital and reserves
Called up share capital22
Profit and loss account1,282,9841,297,057
Shareholders' funds1,282,9861,297,059
The financial statements were approved and authorised for issue by the Board of Directors on 26 October 2023, and are signed on its behalf by:
EBRAHIM, Femina
Director
EBRAHIM, Nazim Nizar
Director

Registered Company No. 07987394
FANA ENTERPRISES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
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).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
During the year the company received dividends from its subsidiary.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Valuation of financial instruments policy
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 initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
5.Employee information

20232022
Average number of employees during the year22
6.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 222,403,2542,403,254
Disposals(135,703)(135,703)
At 31 March 232,267,5512,267,551
Net book value
At 31 March 232,267,5512,267,551
At 31 March 222,403,2542,403,254

Notes

1Investments in group undertakings and participating interests
7.Dividends proposed and payable

2023

2022

££
Dividends Paid4,23312,561
Total4,23312,561
8.Debtors

2023

2022

££
Other debtors51,00051,000
Total51,00051,000
Included in other debtors is an amount of £51,000 (2022 : £51,000) due by Sai East Ham Ltd, a company connected to the directors.
9.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts119,459150,708
Other creditors2,0502,300
Total121,509153,008
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts917,7691,006,006
Total917,7691,006,006
Included in bank borrowings less than one year and more than one year are loans £1,037,229 (2022 : £1,156,705).