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Company Registration No. 09340241 (England and Wales)
78a SW48BH Limited Unaudited accounts for the year ended 31 December 2023
78a SW48BH Limited Unaudited accounts Contents
Page
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78a SW48BH Limited Company Information for the year ended 31 December 2023
Director
Ishil Mehta
Company Number
09340241 (England and Wales)
Registered Office
Unit 28 Sarum Complex, Salisbury Road Uxbridge UB8 2RZ
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78a SW48BH Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
16,719 
65,096 
Cash at bank and in hand
468 
2,666 
17,187 
67,762 
Creditors: amounts falling due within one year
(586,919)
(631,365)
Net current liabilities
(569,732)
(563,603)
Total assets less current liabilities
(569,732)
(563,603)
Creditors: amounts falling due after more than one year
(39,197)
(44,759)
Net liabilities
(608,929)
(608,362)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(609,029)
(608,462)
Shareholders' funds
(608,929)
(608,362)
For the year ending 31 December 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 1 August 2024 and were signed on its behalf by
Ishil Mehta Director Company Registration No. 09340241
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78a SW48BH Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
78a SW48BH Limited is a private company, limited by shares, registered in England and Wales, registration number 09340241. The registered office is Unit 28, Sarum Complex, Salisbury Road, Uxbridge, UB8 2RZ.
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.
3
Accounting policies
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.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The company meets its funding requirements through its intra group funding facility. The current economic conditions continue to create uncertainty over the level of demand for the company's products. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,702 
13,765 
Amounts due from group undertakings etc.
- 
43,289 
Other debtors
10,017 
8,042 
16,719 
65,096 
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78a SW48BH Limited Notes to the Accounts for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
12 
22,154 
Amounts owed to group undertakings and other participating interests
475,840 
501,428 
Other creditors
107,778 
107,783 
Loans from directors
3,289 
- 
586,919 
631,365 
The company has entered into loans with third parties, shown in Other Creditors. Such loans are interest free, unsecured, have no fixed date of repayment and are repayable on demand. Amounts owed to group undertakings of £475,840 (2022: £501,428) are interest free, unsecured, have no fixed date of repayment and are repayable on demand.
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,197 
44,759 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
The Company's immediate parent company is IMA Property Developments Limited, Unit 28, Sarum Complex,Salisbury Road, Uxbridge, UB8 2RZ. The Company's utlimate parent company is IMA Holdings Limited, Unit 28, Sarum Complex,Salisbury Road, Uxbridge, UB8 2RZ. The ultimate controlling party is Mr I Mehta.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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