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REGISTERED NUMBER: 11199875 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

ABHEES HOUSING LTD

ABHEES HOUSING LTD (Registered number: 11199875)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABHEES HOUSING LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Y. ABHEE ESQ.
MRS D. ABHEE





SECRETARY: MRS D. ABHEE





REGISTERED OFFICE: 16 GREEN LANE
PURLEY
SURREY
CR8 3PG





REGISTERED NUMBER: 11199875 (England and Wales)





ACCOUNTANTS: RMS & CO
CHARTERED CERTIFIED ACCOUNTANTS
31 CHEQUERS DRIVE
HORLEY
SURREY
RH6 8DR

ABHEES HOUSING LTD (Registered number: 11199875)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,234 1,362,032
Investment property 5 1,315,287 -
1,371,521 1,362,032

CURRENT ASSETS
Cash at bank and in hand 76,365 19,308

CREDITORS
Amounts falling due within one year 6 1,464,597 1,451,040
NET CURRENT LIABILITIES (1,388,232 ) (1,431,732 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,711

)

(69,700

)

PROVISIONS FOR LIABILITIES 7 14,059 7,400
NET LIABILITIES (30,770 ) (77,100 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (30,870 ) (77,200 )
SHAREHOLDERS' FUNDS (30,770 ) (77,100 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

ABHEES HOUSING LTD (Registered number: 11199875)

Balance Sheet - continued
29 February 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 18 November 2024 and were signed on its behalf by:





Y. ABHEE ESQ. - Director


ABHEES HOUSING LTD (Registered number: 11199875)

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

1. STATUTORY INFORMATION

ABHEES HOUSING LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the mannerist by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Land and buildings are still at a development stage hence the directors do not consider depreciation is appropriate at this time. The value is under the cost model as stated per above.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting.
Gains and losses on disposals are determined by comparing the proceeds with carrying amount and are recognised in profit or loss.

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.

ABHEES HOUSING LTD (Registered number: 11199875)

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

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company is reliant upon the continued support of the director who has financed the
business by way of a loan.

The director has indicated that the whole of the balance at the year end will remain on
loan to the company for a period of at least twelve months from the date of approval of
these accounts.

Furthermore, the director has considered the trading position for a period of twelve months
from the date of approval of these accounts and considers that the company will either
generate cashflows sufficient for it to be able to trade for the foreseeable future or the director
will introduce such funds to enable the company to continue. On this basis the director
considers that it is appropriate to prepare the financial statements on the going concern basis.

These financial statements do not, therefore, include any adjustment that would result from
either cashflow resources failing to meet requirements nor a withdrawal of the directors'
loan account.

3. EMPLOYEES AND DIRECTORS

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

ABHEES HOUSING LTD (Registered number: 11199875)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 March 2023 1,315,287 - 54,994 1,370,281
Additions - 19,750 1,096 20,846
Reclassification/transfer (1,315,287 ) - - (1,315,287 )
At 29 February 2024 - 19,750 56,090 75,840
DEPRECIATION
At 1 March 2023 - - 8,249 8,249
Charge for year - 2,963 8,394 11,357
At 29 February 2024 - 2,963 16,643 19,606
NET BOOK VALUE
At 29 February 2024 - 16,787 39,447 56,234
At 28 February 2023 1,315,287 - 46,745 1,362,032

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 1,315,287
At 29 February 2024 1,315,287
NET BOOK VALUE
At 29 February 2024 1,315,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 100 100
Directors' current accounts 1,457,135 1,446,120
Accrued expenses 7,362 4,820
1,464,597 1,451,040

ABHEES HOUSING LTD (Registered number: 11199875)

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

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 14,059 7,400

Deferred
tax
£   
Balance at 1 March 2023 7,400
Provided during year 6,659
Balance at 29 February 2024 14,059

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 (77,200 )
Profit for the year 46,330
At 29 February 2024 (30,870 )

10. RELATED PARTY DISCLOSURES

The company operates a current account with its Directors. The loan is interest free with no
fixed repayment terms and are included in other creditors. The balance owed to the directors at the year end was £1,457,135 (2023 - £1,446,120) and the maximum balance during the year was £1,457,135.