BANANA HOLDINGS LIMITED Filleted accounts for Companies House (small and micro)

BANANA HOLDINGS LIMITED - Company Information

2 false false false false false false false false false true false false false false false false No description of principal activity 2019-07-01 Sage Accounts Production Advanced 2020 - FRS102_2019 324,350 324,350 324,350 xbrli:pure xbrli:shares iso4217:GBP 02618505 2019-07-01 2020-06-30 02618505 2020-06-30 02618505 2018-07-01 2019-06-30 02618505 2019-06-30 02618505 bus:Director1 2019-07-01 2020-06-30 02618505 core:WithinOneYear 2020-06-30 02618505 core:WithinOneYear 2019-06-30 02618505 core:ShareCapital 2020-06-30 02618505 core:ShareCapital 2019-06-30 02618505 core:RetainedEarningsAccumulatedLosses 2020-06-30 02618505 core:RetainedEarningsAccumulatedLosses 2019-06-30 02618505 core:CostValuation core:Non-currentFinancialInstruments 2020-06-30 02618505 core:Non-currentFinancialInstruments 2020-06-30 02618505 core:Non-currentFinancialInstruments 2019-06-30 02618505 bus:SmallEntities 2019-07-01 2020-06-30 02618505 bus:AuditExempt-NoAccountantsReport 2019-07-01 2020-06-30 02618505 bus:FullAccounts 2019-07-01 2020-06-30 02618505 bus:SmallCompaniesRegimeForAccounts 2019-07-01 2020-06-30 02618505 bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30

COMPANY REGISTRATION NUMBER: 02618505

BANANA HOLDINGS LIMITED

Filleted Unaudited Financial Statements

30 June 2020

BANANA HOLDINGS LIMITED

Statement of Financial Position

30 June 2020

	2020		2019
Note	£	£	£

Fixed assets

Investments	5		324,350	324,350

Current assets

Debtors	6	36,550	34,944
Cash at bank and in hand		447,695	43,096
		---------	--------
		484,245	78,040

Creditors: amounts falling due within one year	7	667,042		316,706
		---------		---------
Net current liabilities			182,797	238,666
			---------	---------
Total assets less current liabilities			141,553	85,684
			---------	--------

Capital and reserves

Called up share capital	5	5
Profit and loss account	141,548	85,679
	---------	--------
Shareholders funds	141,553	85,684
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 September 2021 , and are signed on behalf of the board by:

L Bendahan
Director

Company registration number: 02618505

BANANA HOLDINGS LIMITED

Notes to the Financial Statements

Year ended 30 June 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2019: 2 ).

5. Investments

	Long leasehold investment property
	£
Cost
At 1 July 2019 and 30 June 2020	324,350
	---------
Impairment
At 1 July 2019 and 30 June 2020	–
	---------

Carrying amount
At 30 June 2020	324,350
	---------
At 30 June 2019	324,350
	---------

6. Debtors

	2020	2019
	£	£
Amounts owed by associated companies	30,111	30,111
Other debtors	6,439	4,833
	--------	--------
	36,550	34,944
	--------	--------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Amounts owed to associated companies	541,217	254,449
Corporation tax	50,550	41,041
Social security and other taxes	67,500	7,500
Other creditors	7,775	13,716
	---------	---------
	667,042	316,706
	---------	---------