Registered number
12927086
BHAVYA UNITY LIMITED
Filleted Accounts
30 September 2024
BHAVYA UNITY LIMITED
Registered number: 12927086
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 723,838 -
Current assets
Debtors 4 1,330 100
Cash at bank and in hand 6,190 -
7,520 100
Net current assets 7,520 100
Total assets less current liabilities 731,358 100
Creditors: amounts falling due after more than one year 5 (733,561) -
Net (liabilities)/assets (2,203) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,303) -
Shareholders' funds (2,203) 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
M . S . CHAUHAN
Director
Approved by the board on 12 February 2025
BHAVYA UNITY LIMITED
Notes to the Accounts
for the year ended 30 September 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy.
Investments
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Freehold
investments
Property
£
Cost
Additions 723,838
At 30 September 2024 723,838
The property investment has been valued by the director for an amount £723,833 as at 30 September 2024.
4 Debtors 2024 2023
£ £
Other debtors 1,330 100
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 733,561 -
6 Other information
BHAVYA UNITY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
21 Hill Road
Harrow
Middlesex
England
HA1 2PN
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