Registered number
12764798
SAMISHA HOLDINGS LIMITED
Filleted Accounts
for the year ended 31.07.2023
Sawhney Consulting
Harrow Business Centre
429-433 Pinner Road
North Harrow
Middlesex
HA1 4HN
SAMISHA HOLDINGS LIMITED
Registered number: 12764798
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 2,634,348 2,634,348
Current assets
Cash at bank and in hand 511,433 560,723
Creditors: amounts falling due within one year 4 (857,032) (907,660)
Net current liabilities (345,599) (346,937)
Total assets less current liabilities 2,288,749 2,287,411
Creditors: amounts falling due after more than one year 5 (2,355,000) (2,355,000)
Net liabilities (66,251) (67,589)
Capital and reserves
Called up share capital 100 100
Profit and loss account (66,351) (67,689)
Shareholders' funds (66,251) (67,589)
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.
Ms Reena Rani Kundra
Director
Approved by the board on 29 January 2024
SAMISHA HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 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).
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 over 50 years
Going Concern
The accounts are prepared on a going concern basis notwithstanding the fact that the company balance sheet has a negative equity. Creditors have assured that it will not recall the funds due to them by the company until such a date that the company will become profitable to repay the loan amount.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Freehold Property
£
Cost
At 1 August 2022 2,634,348
At 31 July 2023 2,634,348
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 2,634,348
At 31 July 2022 2,634,348
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 856,520 907,462
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,355,000 2,355,000
6 Other information
SAMISHA HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
25 St Cross Street
London
United Kingdom
EC1N 8UU
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