REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
AMARIA HB LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
AMARIA HB LIMITED |
AMARIA HB LIMITED (REGISTERED NUMBER: 07863802) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AMARIA HB LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
20 Harcourt Street |
London |
W1H 4HG |
AMARIA HB LIMITED (REGISTERED NUMBER: 07863802) |
BALANCE SHEET |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
AMARIA HB LIMITED (REGISTERED NUMBER: 07863802) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Amaria HB Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Going concern basis of accounting |
The company has received assurances from the director that she will continue to give financial support to the company for twelve months from the date of signing these financial statements. |
On this basis, the director consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which may arise. The accounts do not include any adjustments to the company's assets and liabilities that might be necessary should this basis not continue to be appropriate. |
Turnover |
Turnover represents share of profit due from investment, excluding value added tax. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
AMARIA HB LIMITED (REGISTERED NUMBER: 07863802) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
4. | FIXED ASSET INVESTMENTS |
Investment in Unquoted Company |
Investment in subsidiary undertaking |
Investment in wholly owned subsidiary company, HB No 1 limited is held at cost. |
Investment in jointly controlled entity |
The company's investment represents the cost of acquisition of 50% of the ordinary share capital of Devine (Ealing) Limited, which is engaged in property development. The investment is shown at cost. |
5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by joint ventures |
Other Debtors Loan Advance |
The company has advanced a interest free loan to jointly controlled entity which is engaged in property development.The amount outstanding as at year end was £549,950 (2021: £512,450). As at reporting date the director cannot determine the terms of the loan and an effective interest method for the transaction to be measured at amortised cost. Accordingly the loan amount is shown at cost which is a departure from the disclosure requirements of FRS102 for financial instruments. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Transactions with Related Party |
The balance owed to the director as at 30 November 2023 was £370,000 (2022 £370,000) |
Devine (Ealing) Limited, a company is a related party by virtue of being jointly controlled by Mrs. H Sawjani.The amount owed by Devine (Ealing) Limited as at 30 November 2023 was £549,950 (2022:£512,450).The loan amount is included in other debtors repayable after one year. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mrs H Sawjani. |