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REGISTERED NUMBER: 12309608 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

HADIS RETAIL LIMITED

HADIS RETAIL LIMITED (REGISTERED NUMBER: 12309608)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HADIS RETAIL LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr Panahi Wahid
Mr Abdul Alim





REGISTERED OFFICE: Prosperity Independent Ltd
Spaces Finsbury Park 102
17 City North Place
Finsbury Park
London
N4 3FU





REGISTERED NUMBER: 12309608 (England and Wales)





ACCOUNTANTS: ADPL LLP
Chartered Certified Accountants
& Business Advisers
Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS

HADIS RETAIL LIMITED (REGISTERED NUMBER: 12309608)

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 15,000
Tangible assets 5 24,987 33,283
39,987 48,283

CURRENT ASSETS
Stocks 69,038 71,235
Debtors 6 431,357 352,758
Cash at bank and in hand 62,735 51,424
563,130 475,417
CREDITORS
Amounts falling due within one year 7 319,005 281,300
NET CURRENT ASSETS 244,125 194,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,112

242,400

CREDITORS
Amounts falling due after more than one
year

8

27,251

35,616
NET ASSETS 256,861 206,784

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 256,860 206,783
SHAREHOLDERS' FUNDS 256,861 206,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HADIS RETAIL LIMITED (REGISTERED NUMBER: 12309608)

Balance Sheet - continued
30 NOVEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mr Panahi Wahid - Director


HADIS RETAIL LIMITED (REGISTERED NUMBER: 12309608)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Hadis Retail Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


HADIS RETAIL LIMITED (REGISTERED NUMBER: 12309608)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 15,000
NET BOOK VALUE
At 30 November 2023 15,000
At 30 November 2022 15,000

5. TANGIBLE FIXED ASSETS
Leasehold Plant and
Improvements machinery Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 100 59,513 59,613
DEPRECIATION
At 1 December 2022 - 26,330 26,330
Charge for year - 8,296 8,296
At 30 November 2023 - 34,626 34,626
NET BOOK VALUE
At 30 November 2023 100 24,887 24,987
At 30 November 2022 100 33,183 33,283

HADIS RETAIL LIMITED (REGISTERED NUMBER: 12309608)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taking Control Account - 797
Rent Deposit 33,750 33,750
Other debtors - Masee Ltd - 52,404
Other debtors - Maqdad 274,820 132,520
Other debtors - Youlend Limite 2,100 12,600
Rohhaan Ltd 120,687 120,687
431,357 352,758

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 314 -
Trade creditors 140,930 98,721
Tax 18,699 23,352
Social security and other taxes 166 1,911
Pensions 146 171
VAT 10,373 10,427
Other creditors 14,000 15,000
Loan for rent deposit 16,250 16,250
Youlend Limited 35,182 35,182
Directors' current accounts 80,286 80,286
Accruals and deferred income 2,659 -
319,005 281,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bounce back loan 26,051 35,616
Other creditors 1,200 -
27,251 35,616