Registered number
12405251
BHAD AND SONS LIMITED
Unaudited Filleted Accounts
31 January 2024
BHAD AND SONS LIMITED
Registered number: 12405251
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,000 22,500
Investments 4 1,943,632 1,943,632
1,963,632 1,966,132
Current assets
Debtors 5 32,670 30,500
Cash at bank and in hand 27,926 97
60,596 30,597
Creditors: amounts falling due within one year 6 (109,193) (69,720)
Net current liabilities (48,597) (39,123)
Net assets 1,915,035 1,927,009
Capital and reserves
Called up share capital 1 1
Share premium 1,923,632 1,923,632
Profit and loss account (8,598) 3,376
Shareholder's funds 1,915,035 1,927,009
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Bhad
Director
Approved by the board on 19 December 2024
BHAD AND SONS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represent rent received .
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 25,000
At 31 January 2024 25,000
Amortisation
At 1 February 2023 2,500
Provided during the year 2,500
At 31 January 2024 5,000
Net book value
At 31 January 2024 20,000
At 31 January 2023 22,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Investments
Other
investments
£
Cost
At 1 February 2023 1,943,632
At 31 January 2024 1,943,632
5 Debtors 2024 2023
£ £
Other debtors 32,670 30,500
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 15,983 792
Other creditors 93,210 68,928
109,193 69,720
7 Other information
BHAD AND SONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
212c Romford Road
London
E7 9HY
BHAD AND SONS LIMITED 12405251 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 T Bhad No description of principal activity 12405251 2022-02-01 2023-01-31 12405251 core:WithinOneYear 2023-01-31 12405251 core:ShareCapital 2023-01-31 12405251 core:SharePremium 2023-01-31 12405251 core:RetainedEarningsAccumulatedLosses 2023-01-31 12405251 2023-02-01 2024-01-31 12405251 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12405251 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12405251 bus:Director40 2023-02-01 2024-01-31 12405251 1 2023-02-01 2024-01-31 12405251 2 2023-02-01 2024-01-31 12405251 core:Goodwill 2023-02-01 2024-01-31 12405251 countries:England 2023-02-01 2024-01-31 12405251 bus:FRS102 2023-02-01 2024-01-31 12405251 bus:FilletedAccounts 2023-02-01 2024-01-31 12405251 2024-01-31 12405251 core:WithinOneYear 2024-01-31 12405251 core:ShareCapital 2024-01-31 12405251 core:SharePremium 2024-01-31 12405251 core:RetainedEarningsAccumulatedLosses 2024-01-31 12405251 core:Goodwill 2024-01-31 12405251 2023-01-31 12405251 core:Goodwill 2023-01-31 iso4217:GBP xbrli:pure