Company Registration No. 11402706 (England and Wales)
Humus Limited
Unaudited accounts
for the year ended 30 June 2023
Humus Limited
Unaudited accounts
Contents
Humus Limited
Company Information
for the year ended 30 June 2023
Director
Andrea Velletrani
Company Number
11402706 (England and Wales)
Registered Office
2ND FLOOR
22 EASTCHEAP
LONDON
EC3M 1EU
UNITED KINGDOM
Humus Limited
Statement of financial position
as at 30 June 2023
Investments
392,016
362,128
Cash at bank and in hand
49,086
69,530
Creditors: amounts falling due within one year
(3,231)
(459,358)
Net current assets/(liabilities)
181,714
(253,969)
Total assets less current liabilities
573,730
108,159
Creditors: amounts falling due after more than one year
(443,364)
-
Net assets
130,366
108,159
Called up share capital
100
100
Profit and loss account
130,266
108,059
Shareholders' funds
130,366
108,159
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 February 2024 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 11402706
Humus Limited
Notes to the Accounts
for the year ended 30 June 2023
Humus Limited is a private company, limited by shares, registered in England and Wales, registration number 11402706. The registered office is 2ND FLOOR, 22 EASTCHEAP, LONDON, EC3M 1EU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
The Company's functional currency is £ sterling.
Investments in shares are included at fair value.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the Company's ability to continue as a going concern.
4
Investments
Other investments
Valuation at 1 July 2022
362,128
Fair value adjustments
29,888
Valuation at 30 June 2023
392,016
Investments held at the BS date:
Planet Holding Ltd: £48,938
Portfolio Investment Funds B. March: £343,078
Humus Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,231
15,994
7
Creditors: amounts falling due after more than one year
2023
2022
Within Other Creditors is an amount of £443,364 due to the owners according to their respective shareholdings
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).