Registered number
08519007
Bhambra Investments Limited
Filleted Accounts
for the year ended 31 May 2024
Bhambra Investments Limited
Registered number: 08519007
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,332,865 1,810,823
Current assets
Cash at bank and in hand 25,804 241,126
Creditors: amounts falling due within one year 4 (2,052,811) (1,804,295)
Net current liabilities (2,027,007) (1,563,169)
Net assets 305,858 247,654
Capital and reserves
Called up share capital 100 100
Profit and loss account 305,758 247,554
Shareholders' funds 305,858 247,654
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.
Mr Santokh Singh Bhambra
Director
Approved by the board on 10 February 2025
Bhambra Investments Limited
Notes to the Accounts
for the year ended 31 May 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.Turnover includes revenue earned from the rented properties and from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Leasehold land and buildings Nil
Fixtures, fittings, tools and equipment 20% reducing balances
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 1,809,983 4,093 1,814,076
Additions 522,210 - 522,210
At 31 May 2024 2,332,193 4,093 2,336,286
Depreciation
At 1 June 2023 - 3,253 3,253
Charge for the year - 168 168
At 31 May 2024 - 3,421 3,421
Net book value
At 31 May 2024 2,332,193 672 2,332,865
At 31 May 2023 1,809,983 840 1,810,823
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals - Accountancy 960 960
Taxation and social security costs 23,154 20,962
Other creditors 2,028,697 1,782,373
2,052,811 1,804,295
5 Other information
Bhambra Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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