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Registered number: 10999223
Shanti Hmo Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10999223
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 406,582 407,271
406,582 407,271
CURRENT ASSETS
Debtors 5 9,769 10,404
Cash at bank and in hand 1,180 9,027
10,949 19,431
Creditors: Amounts Falling Due Within One Year 6 (266,201 ) (314,915 )
NET CURRENT ASSETS (LIABILITIES) (255,252 ) (295,484 )
TOTAL ASSETS LESS CURRENT LIABILITIES 151,330 111,787
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,154 ) (27,154 )
NET ASSETS 124,176 84,633
CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve 8 132,578 132,578
Profit and Loss Account (8,404 ) (47,947 )
SHAREHOLDERS' FUNDS 124,176 84,633
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ting Cheong Chim
Director
12/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shanti Hmo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10999223 . The registered office is 27 Old Gloucester Street, London, WC1N 3AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing basis
2.5. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 403,827 9,774 413,601
As at 31 December 2024 403,827 9,774 413,601
Depreciation
As at 1 January 2024 - 6,330 6,330
Provided during the period - 689 689
As at 31 December 2024 - 7,019 7,019
Net Book Value
As at 31 December 2024 403,827 2,755 406,582
As at 1 January 2024 403,827 3,444 407,271
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 9,769 10,404
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Directors' loan accounts 266,201 314,916
266,201 314,915
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Reserves
Fair Value Reserve
£
As at 1 January 2024 132,578
As at 31 December 2024 132,578
9. Ultimate Controlling Party
There is no ultimate controlling party due to both shareholders owning equal share capital in the company.
Page 4