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REGISTERED NUMBER: 09885261 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HONAR HOLDINGS LTD

HONAR HOLDINGS LTD (REGISTERED NUMBER: 09885261)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HONAR HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Khayami
H B Peters
H A S Gramian





REGISTERED OFFICE: 7 Bath Road
Maidenhead
Berkshire
SL6 4AH





REGISTERED NUMBER: 09885261 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

HONAR HOLDINGS LTD (REGISTERED NUMBER: 09885261)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,398 -

CURRENT ASSETS
Debtors 5 129,982 37,878
Cash at bank and in hand 306,508 544,800
436,490 582,678
CREDITORS
Amounts falling due within one year 6 66,639 212,254
NET CURRENT ASSETS 369,851 370,424
TOTAL ASSETS LESS CURRENT LIABILITIES 372,249 370,424

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 371,249 369,424
SHAREHOLDERS' FUNDS 372,249 370,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:





A Khayami - Director


HONAR HOLDINGS LTD (REGISTERED NUMBER: 09885261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Honar Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Other income
Other income comprises interest receivable on loans advanced. Other income is recognised to the extent that it is probable that the economic benefits will flow to the company and can be reliably measured. Other income is measured at the fair value of the consideration receivable in the ordinary course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Cash in hand is measured at transaction price.

Debtors. Trade and other debtors are measured at transaction price. Trade debtors are amounts due from customers for services performed in the ordinary course of business less any impairment provision are recognised as current assets as collection is due within one year or less. Other debtors include interest bearing loans that are classified as current assets as loans can be repaid in whole or in part at any time without premium or penalty.

Creditors: amounts falling due within one year are measured at transaction price. Trade Creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business. These are classified as current liabilities as payment is due in one year or less.

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.

HONAR HOLDINGS LTD (REGISTERED NUMBER: 09885261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Share capital
Ordinary shares are classified as equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 12,267 48,484 4,249 65,000
Additions - - 2,654 2,654
At 31 December 2023 12,267 48,484 6,903 67,654
DEPRECIATION
At 1 January 2023 12,267 48,484 4,249 65,000
Charge for year - - 256 256
At 31 December 2023 12,267 48,484 4,505 65,256
NET BOOK VALUE
At 31 December 2023 - - 2,398 2,398
At 31 December 2022 - - - -

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 33,182 37,878

Amounts falling due after more than one year:
Other debtors 96,800 -

Aggregate amounts 129,982 37,878

HONAR HOLDINGS LTD (REGISTERED NUMBER: 09885261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,739 10,917
Taxation and social security 11,926 10,485
Other creditors 47,974 190,852
66,639 212,254

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 369,424
Profit for the year 1,825
At 31 December 2023 371,249

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the company owed a director £42,908 (2022: £183,811). The director's loan account is repayable on demand and is not interest bearing.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A Khayami.