Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13405092 2023-01-01 2023-12-31 13405092 2022-01-01 2022-12-31 13405092 2023-12-31 13405092 2022-12-31 13405092 c:Director1 2023-01-01 2023-12-31 13405092 c:Director2 2023-01-01 2023-12-31 13405092 c:RegisteredOffice 2023-01-01 2023-12-31 13405092 d:OfficeEquipment 2023-01-01 2023-12-31 13405092 d:OfficeEquipment 2023-12-31 13405092 d:OfficeEquipment 2022-12-31 13405092 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13405092 d:ComputerEquipment 2023-01-01 2023-12-31 13405092 d:ComputerEquipment 2023-12-31 13405092 d:ComputerEquipment 2022-12-31 13405092 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13405092 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13405092 d:CurrentFinancialInstruments 2023-12-31 13405092 d:CurrentFinancialInstruments 2022-12-31 13405092 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13405092 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13405092 d:ShareCapital 2023-12-31 13405092 d:ShareCapital 2022-12-31 13405092 d:RetainedEarningsAccumulatedLosses 2023-12-31 13405092 d:RetainedEarningsAccumulatedLosses 2022-12-31 13405092 c:FRS102 2023-01-01 2023-12-31 13405092 c:Audited 2023-01-01 2023-12-31 13405092 c:FullAccounts 2023-01-01 2023-12-31 13405092 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13405092 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 13405092







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


KHANSAHEB INDUSTRIES LIMITED






































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KHANSAHEB INDUSTRIES LIMITED
 


 
COMPANY INFORMATION


Directors
Abdulrahman Abdulaziz Khansaheb 
Eirian John Morris 




Registered number
13405092



Registered office
60 St. Martin's Lane
Covent Garden

London

United Kingdom

WC2N 4JS




Independent auditors
Hazlewoods LLP
Chartered Accountants & Statutory Auditor

Windsor House

Bayshill Road

Cheltenham

Gloucster

GL50 3AT





 


KHANSAHEB INDUSTRIES LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


KHANSAHEB INDUSTRIES LIMITED
REGISTERED NUMBER:13405092



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,196
3,632

  
2,196
3,632

Current assets
  

Debtors: amounts falling due within one year
 5 
250,253
58,662

Bank and cash balances
  
132,661
6,503

  
382,914
65,165

Creditors: amounts falling due within one year
 6 
(1,613,647)
(682,233)

Net current liabilities
  
 
 
(1,230,733)
 
 
(617,068)

Total assets less current liabilities
  
(1,228,537)
(613,436)

  

Net liabilities
  
(1,228,537)
(613,436)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(1,228,637)
(613,536)

  
(1,228,537)
(613,436)


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 income and retained earnings 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 by: 




Abdulrahman Abdulaziz Khansaheb
Director

Date: 23 January 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


KHANSAHEB INDUSTRIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Khansaheb Industries Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end, the company had net liabilities of £1,228,537 (2022 - £613,436), with current year losses of £615,101 (2022 - £440,529). 
The company is reliant on the continued financial support of its parent company, Khansaheb Industries LLC.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Turnover

Turnover is derived from the sale and supply of Spiralite ductwork and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

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.

Page 2

 


KHANSAHEB INDUSTRIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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
-
4 years straight Line
Computer equipment
-
4 years straight Line

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.

 
2.6

Financial instruments

The Company only enters into basic financial instrument 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 in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 -  4). 


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
1,060
4,684
5,744



At 31 December 2023

1,060
4,684
5,744



Depreciation


At 1 January 2023
353
1,759
2,112


Charge for the year on owned assets
269
1,167
1,436



At 31 December 2023

622
2,926
3,548



Net book value



At 31 December 2023
438
1,758
2,196



At 31 December 2022
707
2,925
3,632

Page 3

 


KHANSAHEB INDUSTRIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
93,007
8,646

Other debtors
51,885
38,828

Prepayments and accrued income
105,361
11,188

250,253
58,662



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
106,035
28,190

Amounts owed to group undertakings
1,461,073
646,028

Other taxation and social security
25,478
-

Other creditors
366
-

Accruals and deferred income
20,695
8,015

1,613,647
682,233



7.


Controlling party

The ultimate controlling party is Khansaheb Industries LLC, a company registered in the United Arab Emirates.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 24 January 2025 by Simon Worsley (Senior statutory auditor) on behalf of Hazlewoods LLP.

 
Page 4