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Registered number: 05966535
Hadsons Holdings Limited
Financial Statements
For The Year Ended 31 October 2023
SAWHNEY CONSULTING
C/O Sawhney Consulting Limited
429 - 433 Pinner Road
Harrow
HA1 4HN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 05966535
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 1,045 2,800
1,045 2,800
Creditors: Amounts Falling Due Within One Year 4 (42,842 ) (47,146 )
NET CURRENT ASSETS (LIABILITIES) (41,797 ) (44,346 )
TOTAL ASSETS LESS CURRENT LIABILITIES (41,797 ) (44,346 )
Creditors: Amounts Falling Due After More Than One Year 5 (30,103 ) (30,993 )
NET LIABILITIES (71,900 ) (75,339 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (72,000 ) (75,439 )
SHAREHOLDERS' FUNDS (71,900) (75,339)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammed Rab
Director
28 October 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hadsons Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05966535 . The registered office is 312 St. Pauls Road, Highbury East, Islington, England, N1 2LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.)
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.3. Going concern
The accounts are prepared on a going concern basis notwithstanding the fact that the company balance sheet has a negative equity. The company director, who is owed by the company will not recall loan owed to him until the company turns into profitability and financially able to repay. Also, the company is in agreement with the creditors and director will continue to provide financial support to the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 6,324 10,800
Other creditors 34,026 31,426
Taxation and social security 2,492 4,920
42,842 47,146
5. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 30,103 30,993
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Other information
HADSONS HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
312 ST. Pauls Road,
Highbury East,
Islington,
England,
N1 2LF
Page 2