Company registration number NI698714 (Northern Ireland)
SABICHI HOMEWARES NI LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
SABICHI HOMEWARES NI LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SABICHI HOMEWARES NI LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
Notes
£
£
Current assets
Debtors
3
1
Net current assets
1
Capital and reserves
Called up share capital
1

For the financial period ended 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 May 2025 and are signed on its behalf by:
Mr T Bagga
Director
Company registration number NI698714 (Northern Ireland)
SABICHI HOMEWARES NI LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Sabichi Homewares NI Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is Unit 01 Strangford Park Ards Business Centre, Jubilee Road, Newtownards, Northern Ireland, BT23 4YH.

1.1
Reporting period

The first financial period of the company was extended so that it would coincide with the rest of the group.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Profit and loss account

The company has not traded during the period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
-
0
SABICHI HOMEWARES NI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 3 -
3
Debtors
2024
Amounts falling due within one year:
£
Other debtors
1
4
Parent company

The immediate parent company is Sabichi Homewares Ltd, a company incorporated in England and Wales with a registered office at Sabichi House, 5 Wadsworth Road, Perivale, Middlesex, United Kingdom, UB6 7JD. The company is consolidated into the group accounts of Bagga Holdings Ltd, the ultimate parent company incorporated in England and Wales with a registered office of 5 Robin Hood Lane, Sutton, Surrey, SM1 2SW.

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