COMPANY REGISTRATION NUMBER:
12328322
H N M American Carwash Ltd |
|
Filleted Unaudited Abridged Financial Statements |
|
H N M American Carwash Ltd |
|
Abridged Statement of Financial Position |
|
31 December 2023
|
31 Dec 23 |
30 Nov 22 |
Note |
£ |
£ |
|
|
|
Fixed assets
Investments |
4 |
298,992 |
298,992 |
|
|
|
|
Current assets
Cash at bank and in hand |
1,329 |
777 |
|
|
|
Creditors: amounts falling due within one year |
266,578 |
258,697 |
|
--------- |
--------- |
Net current liabilities |
265,249 |
257,920 |
|
--------- |
--------- |
Total assets less current liabilities |
33,743 |
41,072 |
|
|
|
Creditors: amounts falling due after more than one year |
43,336 |
49,044 |
|
-------- |
-------- |
Net liabilities |
(
9,593) |
(
7,972) |
|
-------- |
-------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
(
9,693) |
(
8,072) |
|
------- |
------- |
Shareholders deficit |
(
9,593) |
(
7,972) |
|
------- |
------- |
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of financial position for the period ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
H N M American Carwash Ltd |
|
Abridged Statement of Financial Position (continued) |
|
31 December 2023
These abridged financial statements were approved by the
board of directors
and authorised for issue on
10 September 2024
, and are signed on behalf of the board by:
Mr Mojtaba Dehghanpour |
Mr Hisham Karim Ridha |
Director |
Director |
|
|
Company registration number:
12328322
H N M American Carwash Ltd |
|
Notes to the Abridged Financial Statements |
|
Period from 1 December 2022 to 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 16, Regent Plaza, 8 Grenville Road, London, NW6 5HU.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Enter additional text to disclose:
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Investments
|
£ |
Cost |
|
At 1 December 2022 and 31 December 2023 |
298,992 |
|
--------- |
Impairment |
|
At 1 December 2022 and 31 December 2023 |
– |
|
--------- |
Carrying amount |
|
At 31 December 2023 |
298,992 |
|
--------- |
At 30 November 2022 |
298,992 |
|
--------- |
|
|
5.
Directors' advances, credits and guarantees
At the year end the company owed Mr M Dehghanpour £5,067(2022: £5,067) and Mr H Ridha nil (2022: nil) in interest free loans.
6.
Related party transactions
At the year end the company owed American Car Wash Limited £235,530 (2022: £228,150) in interest free loans. During the year the company paid Mr M Dehghanpour £10,000 (2022: £50,000) and Mr H Ridha £10,000 (2022: £50,000) in dividends.