IRIS Accounts Production v24.3.2.46 09453181 Board of Directors Board of Directors 28.2.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094531812023-02-27094531812024-03-31094531812023-02-282024-03-31094531812022-02-27094531812022-02-282023-02-27094531812023-02-2709453181ns15:EnglandWales2023-02-282024-03-3109453181ns14:PoundSterling2023-02-282024-03-3109453181ns10:Director12023-02-282024-03-3109453181ns10:Director22023-02-282024-03-3109453181ns10:PrivateLimitedCompanyLtd2023-02-282024-03-3109453181ns10:SmallEntities2023-02-282024-03-3109453181ns10:AuditExempt-NoAccountantsReport2023-02-282024-03-3109453181ns10:SmallCompaniesRegimeForDirectorsReport2023-02-282024-03-3109453181ns10:SmallCompaniesRegimeForAccounts2023-02-282024-03-3109453181ns10:FullAccounts2023-02-282024-03-3109453181ns10:RegisteredOffice2023-02-282024-03-3109453181ns5:CurrentFinancialInstruments2024-03-3109453181ns5:CurrentFinancialInstruments2023-02-2709453181ns5:Non-currentFinancialInstruments2024-03-3109453181ns5:Non-currentFinancialInstruments2023-02-2709453181ns5:ShareCapital2024-03-3109453181ns5:ShareCapital2023-02-2709453181ns5:RetainedEarningsAccumulatedLosses2024-03-3109453181ns5:RetainedEarningsAccumulatedLosses2023-02-2709453181ns5:PlantMachinery2023-02-282024-03-3109453181ns5:PlantMachinery2023-02-2709453181ns5:PlantMachinery2024-03-3109453181ns5:CostValuation2023-02-2709453181ns5:AdditionsToInvestments2024-03-3109453181ns5:DisposalsRepaymentsInvestments2024-03-3109453181ns5:CostValuation2024-03-3109453181ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109453181ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-27
REGISTERED NUMBER: 09453181 (England and Wales)















Bhaks Ltd

Unaudited Financial Statements

for the Period 28 February 2023 to 31 March 2024






Bhaks Ltd (Registered number: 09453181)

Contents of the Financial Statements
for the Period 28 February 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bhaks Ltd

Company Information
for the Period 28 February 2023 to 31 March 2024







DIRECTORS: Mrs A Balankutty
S P Krishnan





REGISTERED OFFICE: 17 Rupert Avenue
High Wycombe
Buckinghamshire
HP12 3NG





REGISTERED NUMBER: 09453181 (England and Wales)






Bhaks Ltd (Registered number: 09453181)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 566,388 420,780
Investment property 6 145,000 145,000
711,388 565,780

CURRENT ASSETS
Debtors 7 101,978 64,468
Cash at bank 200,142 97,197
302,120 161,665
CREDITORS
Amounts falling due within one year 8 (116,572 ) (71,012 )
NET CURRENT ASSETS 185,548 90,653
TOTAL ASSETS LESS CURRENT LIABILITIES 896,936 656,433

CREDITORS
Amounts falling due after more than one year 9 (9,820 ) (19,511 )
NET ASSETS 887,116 636,922

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 887,016 636,822
887,116 636,922

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

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

The directors acknowledge their 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.

Bhaks Ltd (Registered number: 09453181)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




S P Krishnan - Director



Mrs A Balankutty - Director


Bhaks Ltd (Registered number: 09453181)

Notes to the Financial Statements
for the Period 28 February 2023 to 31 March 2024


1. STATUTORY INFORMATION

Bhaks 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.

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.

Turnover
Turnover represents fees receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments are recognised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

Bhaks Ltd (Registered number: 09453181)

Notes to the Financial Statements - continued
for the Period 28 February 2023 to 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2023
and 31 March 2024 11,066
DEPRECIATION
At 28 February 2023
and 31 March 2024 11,066
NET BOOK VALUE
At 31 March 2024 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 28 February 2023 420,780
Additions 383,811
Disposals (238,203 )
At 31 March 2024 566,388
NET BOOK VALUE
At 31 March 2024 566,388
At 27 February 2023 420,780

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 February 2023
and 31 March 2024 145,000
NET BOOK VALUE
At 31 March 2024 145,000
At 27 February 2023 145,000

Investment property represents a plot of land. Historical costs of the investment property was £145,000. According to the directors, market value of the land at the yearend was similar to its cost price.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 101,978 64,468

Bhaks Ltd (Registered number: 09453181)

Notes to the Financial Statements - continued
for the Period 28 February 2023 to 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,800 8,800
Taxation and social security 89,901 57,481
Other creditors 17,871 4,731
116,572 71,012

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,820 19,511

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £18,000 (2023 - £52,000) were paid to the directors .

During the year, the directors have provided working capital to the company. At the year end, amount repayable to directors were £14,851 (2023:£481).

During the year, Bhaks Ltd has provided loan of £131,000 to another company in which Mr Krishnan is a director and shareholder. The loan is interest bearing and repayable on demand. At the year end, outstanding balance of the loan was £91,000 (2023:£Nil).