HIMALITA LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04577593 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

HIMALITA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms K Kripena

R Trukss

REGISTERED OFFICE:

Oak Farm

Oakhanger Road

Bordon

GU 359HJ

REGISTERED NUMBER:

04577593 (England and Wales)

ACCOUNTANTS:

Westminster Accountancy Ltd

Accountants

Westminster House

9 Chapel Place

Rivington Street

London

EC2A 3DQ

FIXED ASSETS

Investments

4

3,103,314

3,158,994

CURRENT ASSETS

Debtors

5

191,125

158,216

CREDITORS

Amounts falling due within one year

6

16,264

15,664

NET CURRENT ASSETS

174,861

142,552

TOTAL ASSETS LESS CURRENT LIABILITIES

3,278,175

3,301,546

CREDITORS

Amounts falling due after more than one year

7

3,484,687

3,484,687

NET LIABILITIES

(206,512

)

(183,141

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(206,612

)

(183,241

)

SHAREHOLDERS' FUNDS

(206,512

)

(183,141

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

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 21 August 2020 and were signed on its behalf by:

R Trukss - Director

1.	STATUTORY INFORMATION

HIMALITA 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.

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2019

3,158,994

Disposals

(55,680

)

At 31 December 2019

3,103,314

NET BOOK VALUE

At 31 December 2019

3,103,314

At 31 December 2018

3,158,994

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

191,125

158,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

16,264

15,664

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

3,484,687

3,484,687

8.	GOING CONCERN

The balance sheet as at 31 December 2019 shows a net liability. However, the Director is confident that the

company will receive sufficient financial support to enable it to continue to trade in the foreseeable future.