Caseware UK (AP4) 2023.0.135 2023.0.135 FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR2023-12-312023-12-31The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the requirements of the Companies Act 2006. The presentation currency of the financial statements is Malaysian Ringgit ("RM"), which is also the functional currency of the Company. Figures are rounded to the nearest RM. The following principal accounting policies have been applied:0trueNo description of principal activityfalse2023-01-01true0 00120750 2023-01-01 2023-12-31 00120750 2022-01-01 2022-12-31 00120750 2023-12-31 00120750 2022-12-31 00120750 c:Director2 2023-01-01 2023-12-31 00120750 d:CurrentFinancialInstruments 2023-12-31 00120750 d:CurrentFinancialInstruments 2022-12-31 00120750 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00120750 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00120750 d:ShareCapital 2023-12-31 00120750 d:ShareCapital 2022-12-31 00120750 d:CapitalRedemptionReserve 2023-12-31 00120750 d:CapitalRedemptionReserve 2022-12-31 00120750 d:RetainedEarningsAccumulatedLosses 2023-12-31 00120750 d:RetainedEarningsAccumulatedLosses 2022-12-31 00120750 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 00120750 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 00120750 c:FRS102 2023-01-01 2023-12-31 00120750 c:Audited 2023-01-01 2023-12-31 00120750 c:FullAccounts 2023-01-01 2023-12-31 00120750 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 00120750 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 00120750










HENRIETTA RUBBER ESTATE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

 
HENRIETTA RUBBER ESTATE LIMITED
REGISTERED NUMBER: 00120750

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
RM
RM

  

Current assets
  

Debtors: Amounts falling due within one year
 5 
15,137
1,787

Cash at bank and in hand
 6 
3,669
1,234

  
18,806
3,021

Creditors: Amounts falling due within one year
 7 
(458,422)
(333,772)

Net current liabilities
  
 
 
(439,616)
 
 
(330,751)

Total assets less current liabilities
  
(439,616)
(330,751)

  

Net liabilities
  
(439,616)
(330,751)


Capital and reserves
  

Called-up share capital
  
3,469,562
3,469,562

Capital redemption reserve
  
7,786
7,786

Profit and loss account
  
(3,916,964)
(3,808,099)

  
(439,616)
(330,751)


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the Board and were signed on its behalf by: 






Lee Boon Liang
Director

Date: 23 July 2024

The notes on pages 3 to 6 form part of these financial statements.

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HENRIETTA RUBBER ESTATE LIMITED
REGISTERED NUMBER: 00120750
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023



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HENRIETTA RUBBER ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

1.


General information

Henrietta Rubber Estate Limited is a private company limited by shares incorporated in England in the United Kingdom. The Company's registered number is 00120750 and registered office address is c/o Birketts LLP, One London Wall, Barbican, London, EC2Y 5EA, England. The Company is domiciled in Malaysia.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the requirements of the Companies Act 2006.

The presentation currency of the financial statements is Malaysian Ringgit ("RM"), which is also the functional currency of the Company. Figures are rounded to the nearest RM.
The following principal accounting policies have been applied: 

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The Company had net liabilities as at 31 December 2023 and a group company has confirmed its intention to make available to the Company adequate resources to continue in operational existence for a period no less than 12 months from the date of signing the financial statements.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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HENRIETTA RUBBER ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Critical Judgements
The management is of the opinion that there are no instances of application of judgement in applying the Company's accounting policies which are expected to have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty 
There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.
Allowance for doubtful debts
The collectability of receivable is assessed on an on-going basis. An allowance for doubtful debt is made for any receivable considered to be doubtful for collection.
The allowance for doubtful debts is made based on a review of all outstanding amounts as at the financial reporting date. A considerable amount of judgement is required in assessing the ultimate realisation of these receivables, including the creditworthiness and past collection history of each customer. If the financial condition of customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.

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HENRIETTA RUBBER ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

4.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2022: RM NIL).



5.


Debtors: Amounts falling due within one year

2023
2022
RM
RM


Other receivables
15,137
1,787

15,137
1,787



6.


Cash and cash equivalents

2023
2022
RM
RM

Cash at bank and in hand
3,669
1,234

3,669
1,234



7.


Creditors: Amounts falling due within one year

2023
2022
RM
RM

Amounts owed to group undertakings
362,001
309,672

Other creditors
96,421
24,100

458,422
333,772



8.


Financial instruments

2023
2022
RM
RM

Financial assets


Financial assets measured at fair value through profit or loss
3,669
1,234




Financial assets measured at fair value through profit or loss comprise cash at bank.

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HENRIETTA RUBBER ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

The Company utilises the exemption contained in FRS 102 section 33 not to disclose any transactions with other wholly-owned entities which are part of the ACB Resources Berhad group.


10.


Ultimate parent undertaking and controlling party

The Company is a wholly-owned subsidiary company of ACB Harta Holdings Sdn Bhd, a private limited liability company incorporated and domiciled in Malaysia.
The Directors consider ACB Resources Berhad ("ACB"), a public limited liability company incorporated and domiciled in Malaysia, as the ultimate parent undertaking of the Company. The largest and smallest group of undertakings for which group accounts are prepared are with ACB.


11.


Auditor's information

The auditor's report on the financial statements for the financial year ended 31 December 2023 was unqualified.

The audit report was signed on 25 July 2024 by Jonathan Marchant (Senior statutory auditor) on behalf of Forvis Mazars LLP.

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