Registration number:
Hana Capital Ltd
for the Period from 1 October 2022 to 31 August 2023
Hana Capital Ltd
Contents
Company Information |
|
Director's Report |
|
Accountants' Report |
|
Abridged Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Abridged Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Unaudited Abridged Financial Statements |
Hana Capital Ltd
Company Information
Director |
H Patel |
Registered office |
|
Accountants |
|
Hana Capital Ltd
Director's Report for the Period from 1 October 2022 to 31 August 2023
The director presents his report and the abridged financial statements for the period from 1 October 2022 to 31 August 2023.
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is that of other credit granting and providing administration services for overseas companies outside European Union. The company commenced bridging activities from 02/05/2023.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Hana Capital Ltd
for the Period Ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hana Capital Ltd for the period ended 31 August 2023 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Hana Capital Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hana Capital Ltd and state those matters that we have agreed to state to the Board of Directors of Hana Capital Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hana Capital Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hana Capital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Hana Capital Ltd. You consider that Hana Capital Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Hana Capital Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Accountants
Bexley
Kent
DA5 3AP
Hana Capital Ltd
Abridged Profit and Loss Account for the Period from 1 October 2022 to 31 August 2023
Note |
2023 |
2022 |
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Other interest receivable and similar income |
|
- |
|
Loss before tax |
( |
( |
|
Tax on loss |
( |
|
|
Loss for the financial period |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Hana Capital Ltd
Statement of Comprehensive Income for the Period from 1 October 2022 to 31 August 2023
2023 |
2022 |
|
Loss for the period |
( |
( |
Total comprehensive income for the period |
( |
( |
Hana Capital Ltd
(Registration number: 12851216)
Abridged Balance Sheet as at 31 August 2023
Note |
2023 |
2022 |
|
Fixed Assets |
|||
Tangible Assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Prepayments and accrued income |
|
- |
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
- |
|
Accruals and deferred income |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
1 |
1 |
|
Retained earnings |
4,811 |
9,862 |
|
Shareholders' funds |
4,812 |
9,863 |
For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Hana Capital Ltd
(Registration number: 12851216)
Abridged Balance Sheet as at 31 August 2023
......................................... |
Hana Capital Ltd
Statement of Changes in Equity for the Period from 1 October 2022 to 31 August 2023
Share capital |
Retained earnings |
Total |
|
At 1 October 2022 |
|
|
|
Loss for the period |
- |
( |
( |
At 31 August 2023 |
|
|
|
Share capital |
Retained earnings |
Total |
|
At 1 October 2021 |
|
|
|
Loss for the period |
- |
( |
( |
At 30 September 2022 |
1 |
9,862 |
9,863 |
Hana Capital Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2022 to 31 August 2023
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
UK
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Hana Capital Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2022 to 31 August 2023
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible Assets
Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
25% reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade Debtors
Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Hana Capital Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2022 to 31 August 2023
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Loss before tax |
Arrived at after charging/(crediting)
2023 |
2022 |
|
Depreciation expense |
|
|
Hana Capital Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2022 to 31 August 2023
Tangible Assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
At 1 October 2022 |
|
|
Additions |
|
|
At 31 August 2023 |
|
|
Depreciation |
||
At 1 October 2022 |
|
|
Charge for the period |
|
|
At 31 August 2023 |
|
|
Carrying amount |
||
At 31 August 2023 |
|
|
At 30 September 2022 |
|
|
Debtors |
Debtors includes £Nil (2022 - £Nil) due after more than one year.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
Ordinary share capital of £1 each |
1 |
1 |
1 |
1 |
Related party transactions |
Hana Capital Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2022 to 31 August 2023
Director's remuneration
The director's remuneration for the period was as follows:
2023 |
2022 |
|
Remuneration |
|
|
Parent and ultimate parent undertaking |
The ultimate controlling party is