14698456falsenon-specialised wholesale trade2023-03-012024-03-31http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2023-03-012024-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 14698456

House of Frankincense Limited

UNAUDITED ACCOUNTS
FOR THE 397 DAY PERIOD ENDED 31 MARCH 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

House of Frankincense Limited

ACCOUNTS
FOR THE 397 DAY PERIOD ENDED 31 MARCH 2024
DIRECTORS
S Khan
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14698456
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

House of Frankincense Limited

ACCOUNTS
FOR THE397 DAY PERIODENDED31 MARCH 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

House of Frankincense Limited

BALANCE SHEET AT 31 March 2024
2024
Notes£
CURRENT ASSETS5
Stock6200
Debtors41,645
Cash at bank and in hand9,717
11,562
CREDITORS: Amounts falling due within one year512,720
NET CURRENT LIABILITIES(1,158)
TOTAL ASSETS LESS CURRENT LIABILITIES(1,158)
CAPITAL AND RESERVES
Called up share capital6100
Profit and loss account(1,258)
SHAREHOLDERS' FUNDS(1,158)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29 November 2024 and signed on their behalf by
.............................
S Khan
Director

House of Frankincense Limited

NOTES TO THE ACCOUNTS
FOR THE 397 DAY PERIOD ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
At the balance sheet date, the company had net liabilities of £1,158. Included in creditors was £3,900 owed to the director. With the continued support of the other creditors, the director believes the company to be a going concern.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Statutory Information
House of Frankincense Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 14698456 and registered office address is First Floor, 690 Great West Road, Osterley Village, Isleworth, Middlesex, United Kingdom, TW7 4PU.
1e. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. EMPLOYEES
2024
No.No.
Average number of employees-

House of Frankincense Limited

3. STOCK 2024
£
Stock comprises:
Stock200
200
4. DEBTORS 2024
£
Amounts falling due within one year
Trade debtors1,645
1,645
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Directors current account3,900
Other creditors8,280
Accruals540
12,720
6. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100
100
New shares issued during period:
100 Ordinary shares of £1.00 each100
100