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REGISTERED NUMBER: 09453181 (England and Wales)















Bhaks Ltd

Unaudited Financial Statements for the Year Ended 27 February 2023






Bhaks Ltd (Registered number: 09453181)

Contents of the Financial Statements
for the Year Ended 27 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bhaks Ltd

Company Information
for the Year Ended 27 February 2023







DIRECTORS: Mrs A Balankutty
S P Krishnan





REGISTERED OFFICE: 17 Rupert Avenue
High Wycombe
Buckinghamshire
HP12 3NG





REGISTERED NUMBER: 09453181 (England and Wales)






Bhaks Ltd (Registered number: 09453181)

Balance Sheet
27 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 1,787
Investments 5 420,780 487,202
Investment property 6 145,000 -
565,780 488,989

CURRENT ASSETS
Debtors 7 64,468 57,411
Cash at bank 97,197 3,600
161,665 61,011
CREDITORS
Amounts falling due within one year 8 (71,012 ) (62,586 )
NET CURRENT ASSETS/(LIABILITIES) 90,653 (1,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,433

487,414

CREDITORS
Amounts falling due after more than one
year

9

(19,511

)

(27,300

)
NET ASSETS 636,922 460,114

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 636,822 460,014
636,922 460,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2023 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.

Bhaks Ltd (Registered number: 09453181)

Balance Sheet - continued
27 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:




S P Krishnan - Director



Mrs A Balankutty - Director


Bhaks Ltd (Registered number: 09453181)

Notes to the Financial Statements
for the Year Ended 27 February 2023


1. STATUTORY INFORMATION

Bhaks Ltd 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. 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 represents fees receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

Investments
Investments are recognised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Bhaks Ltd (Registered number: 09453181)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2022
and 27 February 2023 11,066
DEPRECIATION
At 28 February 2022 9,279
Charge for year 1,787
At 27 February 2023 11,066
NET BOOK VALUE
At 27 February 2023 -
At 27 February 2022 1,787

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Other investments not loans 420,780 342,202
Other loans - 145,000
420,780 487,202

Additional information is as follows:
Other
investments
£   
COST
At 28 February 2022 342,202
Additions 106,161
Disposals (27,583 )
At 27 February 2023 420,780
NET BOOK VALUE
At 27 February 2023 420,780
At 27 February 2022 342,202

The market value of fixed asset investment at the year end was £170,985
Other
loans
£   
At 28 February 2022 145,000
Other movement (145,000 )
At 27 February 2023 -

Bhaks Ltd (Registered number: 09453181)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 145,000
At 27 February 2023 145,000
NET BOOK VALUE
At 27 February 2023 145,000

Investment property represents a plot of land. Historical costs of the investment property was £145,000. According to the directors, market value of the land at the yearend was similar to its cost price.

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 64,468 21,628

Amounts falling due after more than one year:
Other debtors - 35,783

Aggregate amounts 64,468 57,411

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,800 8,400
Taxation and social security 57,481 30,919
Other creditors 4,731 23,267
71,012 62,586

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,511 27,300

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 (2022 - £4,000) were paid to the directors .

During the year, the directors have provided working capital to the company. At the year end, amount repayable to directors were £481 (2022:£6,057).