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ALLIBHAI HOLDINGS LIMITED |
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REPORT OF THE DIRECTORS AND |
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ABRIDGED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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28 FEBRUARY 2021 |
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ALLIBHAI HOLDINGS LIMITED |
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REPORT OF THE DIRECTORS AND |
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ABRIDGED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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28 FEBRUARY 2021 |
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ALLIBHAI HOLDINGS LIMITED (REGISTERED NUMBER: 07519648) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 28 February 2021 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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ALLIBHAI HOLDINGS LIMITED |
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COMPANY INFORMATION |
for the year ended 28 February 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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4 Churchill Court |
58 Station Road |
North Harrow |
Middlesex |
HA2 7ST |
ALLIBHAI HOLDINGS LIMITED (REGISTERED NUMBER: 07519648) |
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STATEMENT OF FINANCIAL POSITION |
28 February 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ALLIBHAI HOLDINGS LIMITED (REGISTERED NUMBER: 07519648) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 28 February 2021 |
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1. | STATUTORY INFORMATION |
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Allibhai Holdings Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Allibhai Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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. |
ALLIBHAI HOLDINGS LIMITED (REGISTERED NUMBER: 07519648) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 28 February 2021 |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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Cost |
At 1 March 2020 |
and 28 February 2021 |
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Net book value |
At 28 February 2021 |
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At 29 February 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts due from related parties | 1,384,605 | 1,212,855 |
VAT |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
UK Corporation Tax |
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Other creditors |
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Directors' current accounts | 1,562,235 | 1,546,450 |
Accrued expenses |
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8. | CONTINGENT LIABILITIES |
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As far as the Board is aware, there were no contingent liabilities at the balance sheet date. |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the directors, who are also shareholders. |