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REGISTERED NUMBER: 11755457 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A&HHH ASSOCIATES LTD

A&HHH ASSOCIATES LTD (REGISTERED NUMBER: 11755457)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A&HHH ASSOCIATES LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Dr A A Farooq





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 11755457 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

A&HHH ASSOCIATES LTD (REGISTERED NUMBER: 11755457)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,000,000 863,118

CURRENT ASSETS
Debtors 5 3,000 -
Cash at bank 2,983 1,580
5,983 1,580
CREDITORS
Amounts falling due within one year 6 544,288 543,082
NET CURRENT LIABILITIES (538,305 ) (541,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,695

321,616

CREDITORS
Amounts falling due after more than one year 7 (278,044 ) (281,184 )

PROVISIONS FOR LIABILITIES (37,258 ) (11,250 )
NET ASSETS 146,393 29,182

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 144,624 33,750
Retained earnings 1,767 (4,570 )
146,393 29,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2024 and were signed by:



Dr A A Farooq - Director


A&HHH ASSOCIATES LTD (REGISTERED NUMBER: 11755457)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

A&Hhh Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


A&HHH ASSOCIATES LTD (REGISTERED NUMBER: 11755457)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 863,118
Revaluations 136,882
At 31 March 2024 1,000,000
NET BOOK VALUE
At 31 March 2024 1,000,000
At 31 March 2023 863,118

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 33,750
Valuation in 2023 136,882
Cost 829,368
1,000,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,638 26,271
Trade creditors - 1,669
Amounts owed to connected companies 237,449 235,781
Taxation and social security 520 -
Other creditors 280,681 279,361
544,288 543,082

A&HHH ASSOCIATES LTD (REGISTERED NUMBER: 11755457)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 278,044 281,184

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 33,750
Revaluations for the year 110,874

At 31 March 2024 144,624

9. RELATED PARTY DISCLOSURES

Included in the creditors less than one year is an amount of £237,451 (2023: £235,781) due to the connected companies with common directorship and shareholdings.

Included in the creditors less than one year is an amount of £151,998 (2023: £151,998) due to the director of the company. The loan was interest free and repayable on demand.