Ahora Investments Limited |
Registered number: |
11809903 |
Balance Sheet |
as at 29 February 2024 |
|
Notes |
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|
2024 |
|
|
2023 |
£ |
£ |
Current assets |
Debtors |
3 |
|
127,667 |
|
|
- |
Cash at bank and in hand |
|
|
2,827 |
|
|
105 |
|
|
|
130,494 |
|
|
105 |
|
Creditors: amounts falling due within one year |
4 |
|
(132,556) |
|
|
(1,440) |
|
Net current liabilities |
|
|
|
(2,062) |
|
|
(1,335) |
|
Net liabilities |
|
|
|
(2,062) |
|
|
(1,335) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(2,063) |
|
|
(1,336) |
|
Shareholder's funds |
|
|
|
(2,062) |
|
|
(1,335) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
|
|
Artjom Aleksandridis |
Director |
Approved by the board on 7 October 2024 |
|
Ahora Investments Limited |
Notes to the Accounts |
for the year ended 29 February 2024 |
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Going concern |
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The financial statements have been prepared on the basis that the company will receive continued financial support from the director and has adequate resources to continue in operational existence for the foreseeable future. |
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Employee benefits |
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Short-term employee benefits Short-term employee benefits are recognised as an expense in the period in which they are incurred. Post-employment defined contribution plans Amounts in respect of defined contributions plans are recognised as an expense as they are incurred. Termination benefits Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy. |
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Functional and presentation currency |
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The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency. |
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|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
127,667 |
|
- |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
132,556 |
|
1,440 |
|
|
|
|
|
|
|
|
|
|
5 |
Related party transactions |
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At the balance sheet date, the company owes: £7,169 (2023 - £nil) to the Director and £124,667 (2023 - £nil) to Adam Renovations Ltd, a company under common control. The company is owed £65,000 (2023 - £nil) by ABM Streatham Ltd and £62,667 (2023 - nil)by ARC LRE Ltd. Both these companies have common directorship. |
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6 |
Controlling party |
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Artjom Aleksandridis is the ultimate controlling party. |
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7 |
Other information |
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Ahora Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Suite 4a, Great West House |
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Great West Road |
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Brentford |
|
TW8 9DF |