IRIS Accounts Production v24.3.0.553 10211845 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102118452023-03-31102118452024-03-31102118452023-04-012024-03-31102118452022-03-31102118452022-04-012023-03-31102118452023-03-3110211845ns15:EnglandWales2023-04-012024-03-3110211845ns14:PoundSterling2023-04-012024-03-3110211845ns10:Director12023-04-012024-03-3110211845ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110211845ns10:SmallEntities2023-04-012024-03-3110211845ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110211845ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110211845ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110211845ns10:FullAccounts2023-04-012024-03-3110211845ns10:OrdinaryShareClass22023-04-012024-03-3110211845ns10:Director22023-04-012024-03-3110211845ns10:Director32023-04-012024-03-3110211845ns10:RegisteredOffice2023-04-012024-03-3110211845ns5:CurrentFinancialInstruments2024-03-3110211845ns5:CurrentFinancialInstruments2023-03-3110211845ns5:ShareCapital2024-03-3110211845ns5:ShareCapital2023-03-3110211845ns5:RetainedEarningsAccumulatedLosses2024-03-3110211845ns5:RetainedEarningsAccumulatedLosses2023-03-3110211845ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3110211845ns5:PlantMachinery2023-04-012024-03-3110211845ns5:FurnitureFittings2023-04-012024-03-3110211845ns5:ComputerEquipment2023-04-012024-03-3110211845ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3110211845ns5:PlantMachinery2023-03-3110211845ns5:FurnitureFittings2023-03-3110211845ns5:ComputerEquipment2023-03-3110211845ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3110211845ns5:PlantMachinery2024-03-3110211845ns5:FurnitureFittings2024-03-3110211845ns5:ComputerEquipment2024-03-3110211845ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3110211845ns5:PlantMachinery2023-03-3110211845ns5:FurnitureFittings2023-03-3110211845ns5:ComputerEquipment2023-03-3110211845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110211845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110211845ns5:DeferredTaxation2023-03-3110211845ns5:DeferredTaxation2023-04-012024-03-3110211845ns5:DeferredTaxation2024-03-3110211845ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 10211845 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

HARI'S NOTTING HILL LTD

HARI'S NOTTING HILL LTD (REGISTERED NUMBER: 10211845)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARI'S NOTTING HILL LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr H H Salem
Mrs K Salem
Mr L H Salem





REGISTERED OFFICE: 42 Donne Place
London
SW3 2NH





REGISTERED NUMBER: 10211845 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

HARI'S NOTTING HILL LTD (REGISTERED NUMBER: 10211845)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,552 332,153

CURRENT ASSETS
Stocks 5 31,009 27,415
Debtors 6 129,066 63,440
Cash at bank and in hand 127,723 82,578
287,798 173,433
CREDITORS
Amounts falling due within one year 7 553,923 586,486
NET CURRENT LIABILITIES (266,125 ) (413,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,427

(80,900

)

PROVISIONS FOR LIABILITIES 8 4,048 4,966
NET ASSETS/(LIABILITIES) 13,379 (85,866 )

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 13,079 (86,166 )
SHAREHOLDERS' FUNDS 13,379 (85,866 )

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

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

HARI'S NOTTING HILL LTD (REGISTERED NUMBER: 10211845)

Balance Sheet - continued
31 March 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:





Mr L H Salem - Director


HARI'S NOTTING HILL LTD (REGISTERED NUMBER: 10211845)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hari's Notting Hill 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.

The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future.Therefore, the financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

HARI'S NOTTING HILL LTD (REGISTERED NUMBER: 10211845)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 446,128 20,450 26,446 5,207 498,231
Additions - 1,662 1,212 - 2,874
Disposals - (7,457 ) (4,791 ) (3,790 ) (16,038 )
At 31 March 2024 446,128 14,655 22,867 1,417 485,067
DEPRECIATION
At 1 April 2023 133,838 15,764 11,978 4,498 166,078
Charge for year 44,613 995 3,759 473 49,840
Eliminated on disposal - (6,462 ) (4,151 ) (3,790 ) (14,403 )
At 31 March 2024 178,451 10,297 11,586 1,181 201,515
NET BOOK VALUE
At 31 March 2024 267,677 4,358 11,281 236 283,552
At 31 March 2023 312,290 4,686 14,468 709 332,153

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 31,009 27,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 406 938
Amounts owed by group undertakings 42,556 31,637
Other debtors 62,353 8,303
Prepayments and accrued income 23,751 22,562
129,066 63,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 156,012 140,445
Amounts owed to group undertakings 21,172 29,089
Tax 49,888 4,110
VAT 60,648 52,937
Other creditors 209,995 309,996
Accruals and deferred income 56,208 49,909
553,923 586,486

HARI'S NOTTING HILL LTD (REGISTERED NUMBER: 10211845)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 4,048 4,966

Deferred
tax
£   
Balance at 1 April 2023 4,966
Provided during year (918 )
Balance at 31 March 2024 4,048

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
3,000 Ordinary 10p 300 300

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in debtors receivable within one year is £42,556 (2023: £31,637) due from Hari & Friends Limited.

As at the balance sheet date, included in creditors due within one year is £21,172 (2023: £29,089) due to Salem Projects Limited.

As at the balance sheet date, included in trade creditors due within one year is £108,601 (2023: £108,601) due to Hari & Friends Limited.

The companies are related parties by virtue of the fact that they are under common control.