Registered number
08831927
SEWHANI LIMITED
Unaudited Filleted Accounts
30 June 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
SEWHANI LIMITED
Registered number: 08831927
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 2,047,103 2,057,148
Current assets
Cash at bank and in hand 98,896 75,628
Creditors: amounts falling due within one year 6 (162,725) (138,662)
Net current liabilities (63,829) (63,034)
Total assets less current liabilities 1,983,274 1,994,114
Creditors: amounts falling due after more than one year 7 (2,316,058) (2,324,534)
Provisions for liabilities (18,628) (18,628)
Net liabilities (351,412) (349,048)
Capital and reserves
Called up share capital 100 100
Profit and loss account (351,512) (349,148)
Shareholders' funds (351,412) (349,048)
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.
Muhammad Sewhani
Director
Approved by the board on 23 May 2025
SEWHANI LIMITED
Notes to the Accounts
for the year ended 30 June 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 receivable, net of discounts and value added taxes. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 15% Written down value
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Going concern
Notwithstanding the net current assets deficiency,the financial statements have been prepared
on a going concern basis,as in the opinion of the directors,the company has sufficient financial
support from its creditors and shareholders to pay its debt as they fall due.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
4 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 401,196
At 30 June 2024 401,196
Amortisation
At 1 July 2023 401,196
At 30 June 2024 401,196
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 1,990,181 207,057 2,197,238
At 30 June 2024 1,990,181 207,057 2,197,238
Depreciation
At 1 July 2023 - 140,090 140,090
Charge for the year - 10,045 10,045
At 30 June 2024 - 150,135 150,135
Net book value
At 30 June 2024 1,990,181 56,922 2,047,103
At 30 June 2023 1,990,181 66,967 2,057,148
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan (see note 7 below) 12,967 9,200
Trade creditors 10,912 3,668
Taxation and social security costs 11,543 14,851
Other creditors (see note 8 below) 127,303 110,943
162,725 138,662
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other loan 2,305,281 2,305,281
Bank loan 10,777 19,253
2,316,058 2,324,534
8 Related party transactions
Included in other loans is an amount of £2,305,281 (in 2023 £2,305,281) from Mrs Ruhi Farzana Shafi who is related to both directors.
9 Controlling party
The company was under the control of Mr M Sewhani and Mr A Sewhani as directors and shareholders of the company.
10 Other information
SEWHANI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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