Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3122true2023-06-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12012232 2023-06-01 2024-05-31 12012232 2022-06-01 2023-05-31 12012232 2024-05-31 12012232 2023-05-31 12012232 c:Director1 2023-06-01 2024-05-31 12012232 d:LeaseholdInvestmentProperty 2024-05-31 12012232 d:LeaseholdInvestmentProperty 2023-05-31 12012232 d:CurrentFinancialInstruments 2024-05-31 12012232 d:CurrentFinancialInstruments 2023-05-31 12012232 d:Non-currentFinancialInstruments 2024-05-31 12012232 d:Non-currentFinancialInstruments 2023-05-31 12012232 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12012232 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12012232 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 12012232 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12012232 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 12012232 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 12012232 d:ShareCapital 2024-05-31 12012232 d:ShareCapital 2023-05-31 12012232 d:OtherMiscellaneousReserve 2023-06-01 2024-05-31 12012232 d:OtherMiscellaneousReserve 2024-05-31 12012232 d:OtherMiscellaneousReserve 2023-05-31 12012232 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 12012232 d:RetainedEarningsAccumulatedLosses 2024-05-31 12012232 d:RetainedEarningsAccumulatedLosses 2023-05-31 12012232 d:OtherDeferredTax 2024-05-31 12012232 d:OtherDeferredTax 2023-05-31 12012232 c:FRS102 2023-06-01 2024-05-31 12012232 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12012232 c:FullAccounts 2023-06-01 2024-05-31 12012232 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12012232 2 2023-06-01 2024-05-31 12012232 6 2023-06-01 2024-05-31 12012232 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 12012232










AHN INVESTMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
AHN INVESTMENT LIMITED
REGISTERED NUMBER: 12012232

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
555,412
462,390

Investment property
 5 
1,038,740
1,038,740

  
1,594,152
1,501,130

Current assets
  

Debtors: amounts falling due within one year
 6 
8,798
7,677

Cash at bank and in hand
  
57,019
89,036

  
65,817
96,713

Creditors: amounts falling due within one year
 7 
(1,157,295)
(1,161,507)

Net current liabilities
  
 
 
(1,091,478)
 
 
(1,064,794)

Total assets less current liabilities
  
502,674
436,336

Creditors: amounts falling due after more than one year
 8 
(400,000)
(400,000)

Provisions for liabilities
  

Deferred tax
 10 
-
(3,201)

  
 
 
-
 
 
(3,201)

Net assets
  
102,674
33,135


Capital and reserves
  

Called up share capital 
  
36
36

Other reserves
 11 
21,573
9,685

Profit and loss account
 11 
81,065
23,414

  
102,674
33,135


Page 1

 
AHN INVESTMENT LIMITED
REGISTERED NUMBER: 12012232
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




H Nelson
Director
Date: 23 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AHN INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

AHN Investment Limited is a private company limited by shares and incorporated in England and Wales.
The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW. The company's
registered number is 12012232.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents rents and service charges receivable recognised in the period in which the
services provided in accordance with the rental agreement. Rent receivable is invoiced monthly, two
months in advance.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
AHN INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
AHN INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Page 5

 
AHN INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Listed investments

£



Valuation


At 1 June 2023
462,390


Additions
83,443


Disposals
(46,987)


Revaluations
56,566



At 31 May 2024
555,412




Page 6

 
AHN INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 June 2023
1,038,740



At 31 May 2024
1,038,740

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,038,740
1,038,740


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
5,885
7,677

Deferred taxation
2,913
-

8,798
7,677



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
540
1,071

Corporation tax
110
-

Other creditors
1,148,917
1,148,916

Accruals and deferred income
7,728
11,520

1,157,295
1,161,507


Page 7

 
AHN INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
400,000
400,000



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
400,000
400,000



10.


Deferred taxation




2024


£






At beginning of year
(3,201)


Charged to profit or loss
6,114



At end of year
2,913

The deferred taxation balance is made up as follows:

2024
2023
£
£


Movement in fair values
2,913
(3,201)

2,913
(3,201)

Page 8

 
AHN INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Reserves

Other reserves

The other reserves comprise the balance of revaluations relating to the investment property and
investment portfolio net of deferred tax on the gain.

Profit and loss account

The profit and loss account comprise the balance of profits accumulated over the life of the company.


12.


Related party transactions

Included in the other creditors is an interest free loan to the value of £1,148,916 (2023: £1,148,916) owed
to the directors. The loan is interest free and repayable on demand.

 
Page 9