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REGISTERED NUMBER: 05978440 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 March 2024

for

S H K Investments Ltd

S H K Investments Ltd (Registered number: 05978440)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


S H K Investments Ltd (Registered number: 05978440)

Balance Sheet
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 122,360 122,360

CURRENT ASSETS
Debtors 5 512,206 509,797
Cash at bank 44,228 39,767
556,434 549,564
CREDITORS
Amounts falling due within one year 6 66,155 73,546
NET CURRENT ASSETS 490,279 476,018
TOTAL ASSETS LESS CURRENT LIABILITIES 612,639 598,378

CREDITORS
Amounts falling due after more than one year 7 224,974 277,938
NET ASSETS 387,665 320,440

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 387,565 320,340
SHAREHOLDERS' FUNDS 387,665 320,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2024 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





H S Kandola - Director


S H K Investments Ltd (Registered number: 05978440)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. STATUTORY INFORMATION

S H K Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05978440

Registered office: 23 Kingsfield Oval
Basford
Newcastle-Under-Lyme
Staffordshire
ST4 6HN

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.

Preparation of consolidated financial statements
The financial statements contain information about S H K Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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 Profit and loss account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

S H K Investments Ltd (Registered number: 05978440)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 March 2023
and 29 March 2024 122,360
NET BOOK VALUE
At 29 March 2024 122,360
At 29 March 2023 122,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 319,835 317,504
Amounts owed by associates 189,993 189,993
Other debtors 2,378 2,300
512,206 509,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,557 63,557
Taxation and social security 287 -
Other creditors 2,311 9,989
66,155 73,546

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 224,974 277,938

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 40,746 65,710

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 288,531 341,495

9. OTHER FINANCIAL COMMITMENTS

The company is party to cross guarantee arrangements with its bankers in respect of the group's bank lending. At the year end the group's bank lending amounted to £288,531. 2023: £341,495.