HEMS INVESTMENT LIMITED - Limited company accounts 23.1

REGISTERED NUMBER: 12404157 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2023

for

HEMS INVESTMENT LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

S S Johal

Mrs T Johal

SECRETARY:

REGISTERED OFFICE:

10 Walmley Ash Road

Walmley

Sutton Coldfield

Birmingham

West Midlands

B76 1HY

REGISTERED NUMBER:

12404157 (England and Wales)

ACCOUNTANTS:

Skeh Accountants Limited

61B

Caroline Street

The Jewellery Quarter

Birmingham

West Midlands

B3 1UF

The directors present their report with the financial statements of the company for the year ended 31 January 2023.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2022 to the date of this report.

S S Johal

Mrs T Johal

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S S Johal - Director

13 October 2023

TURNOVER

-

9,550

Administrative expenses

22,291

4,414

(22,291

)

5,136

Other operating income

25,150

-

OPERATING PROFIT

2,859

5,136

Interest payable and similar expenses

9,150

1,802

(LOSS)/PROFIT BEFORE
TAXATION

(6,291

)

3,334

Tax on (loss)/profit

-

690

(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(6,291

)

2,644

FIXED ASSETS

Tangible assets

4

355,000

CURRENT ASSETS

Cash at bank

5,163

CREDITORS

Amounts falling due within one year

5

236,476

NET CURRENT LIABILITIES

(231,313

)

(231,313

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

123,687

CREDITORS

Amounts falling due after more than
one year

6

127,334

121,043

NET (LIABILITIES)/ASSETS

(3,647

)

2,644

RESERVES

Retained earnings

(3,647

)

2,644

(3,647

)

2,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:

S S Johal - Director

1.	STATUTORY INFORMATION

HEMS INVESTMENT LIMITED 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 February 2022

and 31 January 2023

355,000

NET BOOK VALUE

At 31 January 2023

355,000

At 31 January 2022

355,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.1.23

31.1.22

£

Bank loans and overdrafts

235,786

Taxation and social security

690

236,476

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

31.1.23

31.1.22

£

Other creditors

127,334

121,043