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REGISTERED NUMBER: 11156043 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2023

FOR

ABHB (SUSSEX) LIMITED

ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABHB (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: A Bansel FCA





REGISTERED OFFICE: Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP





REGISTERED NUMBER: 11156043 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 624 832
Investments 6 592,224 333,184
592,848 334,016

CURRENT ASSETS
Debtors 7 9,421 5,233
Cash at bank 24,996 50,819
34,417 56,052
CREDITORS
Amounts falling due within one year 8 25,940 46,421
NET CURRENT ASSETS 8,477 9,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,325

343,647

CREDITORS
Amounts falling due after more than
one year

9

(169,440

)

(218,369

)

PROVISIONS FOR LIABILITIES 10 (64,277 ) -
NET ASSETS 367,608 125,278

ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

BALANCE SHEET - continued
30 APRIL 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 194,280 -
Retained earnings 173,228 125,178
SHAREHOLDERS' FUNDS 367,608 125,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:





A Bansel FCA - Director


ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Abhb (Sussex) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - straight line over 3 years

All fixed assets are originally recorded at cost.

Financial instruments
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 asset of the entity after deducting all of its financial liabilities.

When the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Financial costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

Unlisted investments
Unlisted investments have been measured at cost less impairment.

4. EMPLOYEES AND DIRECTORS

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

ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2022
and 30 April 2023 1,623
DEPRECIATION
At 1 May 2022 791
Charge for year 208
At 30 April 2023 999
NET BOOK VALUE
At 30 April 2023 624
At 30 April 2022 832

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2022 333,184
Revaluations 259,040
At 30 April 2023 592,224
NET BOOK VALUE
At 30 April 2023 592,224
At 30 April 2022 333,184

ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2023 is represented by:

Other
investments
£   
Valuation in 2018 324,285
Valuation in 2021 1,000
Valuation in 2022 7,899
Valuation in 2023 259,040
592,224

It is not possible to measure the unlisted investments at fair value reliably and therefore these investments shall instead be measured at cost less impairment.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,750 4,750
Director's current account 1,671 -
Deferred tax asset - 483
Prepayments and accrued income 3,000 -
9,421 5,233

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 594 481
Other loans 24,715 24,628
Corporation tax 95 -
Director's current account - 21,088
Accruals and deferred income 536 224
25,940 46,421

ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,189 493
Bank loans - 2-5 years 156 1,558
Other loans - 1-2 years 26,634 25,688
Other loans - 2-5 years 92,961 83,939
Other loans more 5yrs instal 48,500 106,691
169,440 218,369

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 48,500 106,691

10. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 64,277

Deferred
tax
£   
Balance at 1 May 2022 (483 )
Provided during year 64,760
Balance at 30 April 2023 64,277

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

ABHB (SUSSEX) LIMITED (REGISTERED NUMBER: 11156043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


12. RESERVES
Fair
value
reserve
£   
Transfer 194,280

At 30 April 2023 194,280

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
A Bansel FCA
Balance outstanding at start of year (21,088 ) (22,588 )
Amounts advanced 22,759 5,334
Amounts repaid - (3,834 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,671 (21,088 )

14. RELATED PARTY DISCLOSURES

The company paid an interest charge of £1,380 (2020: £3,069) to the Director at 7% on the Director's loan account.