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Registered number: 09273231














HIND CONSULTING UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
HIND CONSULTING UK LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
HIND CONSULTING UK LIMITED
REGISTERED NUMBER:09273231

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible fixed assets
  
89,292
59,232

Tangible assets
 5 
18
66

Investment property
 6 
980,573
980,573

  
1,069,883
1,039,871

Current assets
  

Debtors due after more than 1 year
  
3,000
3,000

Cash at bank and in hand
  
201
65

  
3,201
3,065

Current Liabilities
  

Creditors: amounts falling due within one year
 8 
(1,031,720)
(933,512)

Net current liabilities
  
 
 
(1,028,519)
 
 
(930,447)

Total assets less current liabilities
  
41,364
109,424

Creditors: amounts falling due after more than one year
 9 
(35,401)
(43,297)

  

Net assets
  
5,963
66,127


Capital and reserves
  

Called up share capital 
 11 
1
1

Investment property reserve
  
163,429
163,429

Profit and loss account
  
(157,467)
(97,303)

  
5,963
66,127


Page 1

 
HIND CONSULTING UK LIMITED
REGISTERED NUMBER:09273231
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his 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 statement of comprehensive income 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 on 16 January 2025.




H Halabi
Director

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

Page 2

 
HIND CONSULTING UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Hind Consulting UK Limited is a limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The principal activity of the Company during the year was that of consultancy services.
The financial statements are presented in £ sterling, which is the functional currency of the Company.

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

Going concern

The Company made a loss for the period and at the balance sheet date has net current liabilities. The Director/Shareholder has obtained assurance that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of consultancy services supplied during the year, exclusive of Value Added Tax.
Turnover is recognised when services are provided.

 
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 period in which they are incurred.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
HIND CONSULTING UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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.

 
2.9

Basic Financial Instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Page 4

 
HIND CONSULTING UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Taxation

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 reporting date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).


4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
92,899


Additions
48,640



At 31 December 2023

141,539



Amortisation


At 1 January 2023
33,667


Charge for the period on owned assets
18,580



At 31 December 2023

52,247



Net book value



At 31 December 2023
89,292



At 31 December 2022
59,232



Page 5

 
HIND CONSULTING UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
18,742



At 31 December 2023

18,742



Depreciation


At 1 January 2023
18,676


Charge for the period on owned assets
48



At 31 December 2023

18,724



Net book value



At 31 December 2023
18



At 31 December 2022
66

Page 6

 
HIND CONSULTING UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
980,573



At 31 December 2023
980,573

The 2023 valuations were made by the Director, on an open market value for existing use basis.



Page 7

 
HIND CONSULTING UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Prepayments and accrued income
3,000
3,000




8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
9,293
3,797

Trade creditors
6,789
5,682

Other taxation and social security
49,477
40,447

Other creditors
934,667
852,484

Accruals and deferred income
31,494
31,102

1,031,720
933,512



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
35,401
43,297



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
9,293
3,797

Amounts falling due 1-2 years

Other loans
10,461
9,468

Amounts falling due 2-5 years

Other loans
24,940
33,829


44,694
47,094


Page 8

 
HIND CONSULTING UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £1
1
1



12.Director's personal guarantees

The Director has given a personal guarantee for the loan taken out by the Company.

 
Page 9