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REGISTERED NUMBER: 11799288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BOHUS LIMITED

BOHUS LIMITED (REGISTERED NUMBER: 11799288)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOHUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Ms G M Hansen
E W Hansen





SECRETARY: E W Hansen





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 11799288 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BOHUS LIMITED (REGISTERED NUMBER: 11799288)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 6,978 9,016
Investment property 4 510,000 444,968
516,978 453,984

CURRENT ASSETS
Debtors 5 - 1,200
Cash at bank 3,416 7,055
3,416 8,255
CREDITORS
Amounts falling due within one year 6 216,434 198,674
NET CURRENT LIABILITIES (213,018 ) (190,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,960

263,565

CREDITORS
Amounts falling due after more than one
year

7

(264,607

)

(284,421

)

PROVISIONS FOR LIABILITIES 8 (16,258 ) -
NET ASSETS/(LIABILITIES) 23,095 (20,856 )

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 48,774 -
Retained earnings (25,681 ) (20,858 )
23,095 (20,856 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

BOHUS LIMITED (REGISTERED NUMBER: 11799288)

BALANCE SHEET - continued
31 JANUARY 2024


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 24 October 2024 and were signed on its behalf by:




E W Hansen - Director



Ms G M Hansen - Director


BOHUS LIMITED (REGISTERED NUMBER: 11799288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BOHUS LIMITED (REGISTERED NUMBER: 11799288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 9,615 619 1,824 1,547 13,605
DEPRECIATION
At 1 February 2023 3,844 266 232 247 4,589
Charge for year 961 105 456 516 2,038
At 31 January 2024 4,805 371 688 763 6,627
NET BOOK VALUE
At 31 January 2024 4,810 248 1,136 784 6,978
At 31 January 2023 5,771 353 1,592 1,300 9,016

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 469,288
Revaluations 65,032
At 31 January 2024 534,320
DEPRECIATION
At 1 February 2023
and 31 January 2024 24,320
NET BOOK VALUE
At 31 January 2024 510,000
At 31 January 2023 444,968

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 65,032
Cost 469,288
534,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments - 1,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 20,062 9,227
Amounts owed to associates 14,828 -
Social security and other taxes - 36
Other creditors 4,160 893
Directors' loan accounts 176,502 187,546
Accrued expenses 882 972
216,434 198,674

BOHUS LIMITED (REGISTERED NUMBER: 11799288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 20,062 9,347
Other loans - 2-5 years 40,123 29,654
Other loans more 5yrs instal 204,422 245,420
264,607 284,421

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 204,422 245,420

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,258 -

Deferred
tax
£   
Provided during year 16,258
Balance at 31 January 2024 16,258

9. RESERVES
Fair
value
reserve
£   
Transfer to fair value 48,774

At 31 January 2024 48,774

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr E and Ms G Hansen decreased their loan to the company. As at 31 January 2024, the company owed them £176,503 (2023: £187,546). This balance represented the maximum amount outstanding during the year and the loan is repayable on demand.

11. RELATED PARTY DISCLOSURES

Egon Hansen Architects Limited

A company in which Mr Hansen is a director and shareholder


A loan was provided from the related party totalling £14,828 during the year.

2024 2023
£    £   
Amount due to related party at the balance sheet date 14,828 -

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms G M Hansen and Mr E W Hansen.

This was by virtue of their 100% holding of the issued share capital.