Company Registration No. 12167681 (England and Wales)
HTCTW Global Limited
Unaudited accounts
for the year ended 31 August 2021
HTCTW Global Limited
Unaudited accounts
Contents
HTCTW Global Limited
Company Information
for the year ended 31 August 2021
Directors
Dr Jason John Blackstock
Robin Alana Kai Heath
Dr Duncan Stewart
Company Number
12167681 (England and Wales)
Registered Office
14 Casbeard Street
London
N4 2GD
United Kingdom
Accountants
Sidgrove
86-90 Paul Street
London
EC2A 4NE
HTCTW Global Limited
Statement of financial position
as at 31 August 2021
Tangible assets
2,794
4,568
Cash at bank and in hand
2,260
12,915
Creditors: amounts falling due within one year
(91,012)
(62,511)
Net current liabilities
(10,694)
(6,596)
Net liabilities
(7,900)
(2,028)
Called up share capital
1,000
1,000
Profit and loss account
(8,900)
(3,028)
Shareholders' funds
(7,900)
(2,028)
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by
Dr Jason John Blackstock
Director
Company Registration No. 12167681
HTCTW Global Limited
Notes to the Accounts
for the year ended 31 August 2021
HTCTW Global Limited is a private company, limited by shares, registered in England and Wales, registration number 12167681. The registered office is 14 Casbeard Street, London, N4 2GD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% Straight Line
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2020
2,961
2,360
5,321
At 31 August 2021
2,961
2,360
5,321
At 1 September 2020
362
391
753
Charge for the year
987
787
1,774
At 31 August 2021
1,349
1,178
2,527
At 31 August 2021
1,612
1,182
2,794
At 31 August 2020
2,599
1,969
4,568
HTCTW Global Limited
Notes to the Accounts
for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
21,714
42,000
6
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
-
11
Taxes and social security
403
-
Loans from directors
85,936
62,500
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Transactions with related parties
Loan from Directors:
At the Balance Sheet date £85,936 (2020: £62,500) was owed to directors in respect of expenses paid on behalf of the company and other amounts due from the company. The total balance is unsecured & repayable on demand.
Loan to Subsidiary:
At the Balance Sheet Date, How to Change the World Canada Inc., a fully owned subsidiary of the company, owed the company £21,714 (2020: £42,000). The loan is interest-free and repayable upon demand.
Prior Year Adjustment - Loan to Subsidiary:
The value owed from How to Change the World Canada Inc., as shown for the comparative period (2020), is the result of a prior year adjustment; this adjustment was made on the basis of additional information since the prior year filing date.
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Average number of employees
During the year the average number of employees was 1 (2020: 0).