2023-04-012024-03-312024-03-31false10568956HALE BABA 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HALE BABA LIMITED

Registered Number
10568956
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

HALE BABA LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

SHANAHAN, John

Company Secretary

DAVENPORT, Scott Piers

Registered Address

53 King Street
Manchester
M2 4LQ

Registered Number

10568956 (England and Wales)
HALE BABA LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets316,99121,239
16,99121,239
Current assets
Stocks2,0294,010
Debtors416,2418,600
Cash at bank and on hand6,992100
25,26212,710
Creditors amounts falling due within one year5(19,378)(16,485)
Net current assets (liabilities)5,884(3,775)
Total assets less current liabilities22,87517,464
Creditors amounts falling due after one year6(346,107)(296,645)
Net assets(323,232)(279,181)
Capital and reserves
Called up share capital11
Profit and loss account(323,233)(279,182)
Shareholders' funds(323,232)(279,181)
The financial statements were approved and authorised for issue by the Director on 3 December 2024, and are signed on its behalf by:
SHANAHAN, John
Director
Registered Company No. 10568956
HALE BABA LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2364,410
At 31 March 2464,410
Depreciation and impairment
At 01 April 2343,172
Charge for year4,247
At 31 March 2447,420
Net book value
At 31 March 2416,991
At 31 March 2321,239
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8,346-
Other debtors-1,450
Prepayments and accrued income7,8957,150
Total16,2418,600
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables12,02411,399
Bank borrowings and overdrafts-102
Taxation and social security7,3544,984
Total19,37816,485
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,23021,733
Amounts owed to related parties325,877274,912
Total346,107296,645