IRIS Accounts Production v22.2.0.402 05022158 director 1.4.21 31.3.22 31.3.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050221582021-03-31050221582022-03-31050221582021-04-012022-03-31050221582020-03-31050221582020-04-012021-03-31050221582021-03-3105022158ns16:EnglandWales2021-04-012022-03-3105022158ns15:PoundSterling2021-04-012022-03-3105022158ns11:Director12021-04-012022-03-3105022158ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3105022158ns11:SmallEntities2021-04-012022-03-3105022158ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3105022158ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3105022158ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3105022158ns11:FullAccounts2021-04-012022-03-310502215812021-04-012022-03-3105022158ns11:CompanySecretary12021-04-012022-03-3105022158ns11:RegisteredOffice2021-04-012022-03-3105022158ns6:CurrentFinancialInstruments2022-03-3105022158ns6:CurrentFinancialInstruments2021-03-3105022158ns6:Non-currentFinancialInstruments2022-03-3105022158ns6:Non-currentFinancialInstruments2021-03-3105022158ns6:ShareCapital2022-03-3105022158ns6:ShareCapital2021-03-3105022158ns6:RetainedEarningsAccumulatedLosses2022-03-3105022158ns6:RetainedEarningsAccumulatedLosses2021-03-3105022158ns6:NetGoodwill2021-04-012022-03-3105022158ns6:PlantMachinery2021-04-012022-03-3105022158ns6:NetGoodwill2021-03-3105022158ns6:NetGoodwill2022-03-3105022158ns6:NetGoodwill2021-03-3105022158ns6:PlantMachinery2021-03-3105022158ns6:PlantMachinery2022-03-3105022158ns6:PlantMachinery2021-03-3105022158ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3105022158ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3105022158ns11:Director112021-03-3105022158ns11:Director112020-03-3105022158ns11:Director112021-04-012022-03-3105022158ns11:Director112020-04-012021-03-3105022158ns11:Director112022-03-3105022158ns11:Director112021-03-31
REGISTERED NUMBER: 05022158 (England and Wales)















Headquarters One Limited

Unaudited Financial Statements for the Year Ended 31 March 2022






Headquarters One Limited (Registered number: 05022158)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Headquarters One Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: D J Harley





SECRETARY: Mrs J N Harley





REGISTERED OFFICE: 4 Marigold Drive
Sittingbourne
Kent
ME10 4BZ





BUSINESS ADDRESS: 149 High Street
Rainham
Kent
ME8 8BA





REGISTERED NUMBER: 05022158 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Headquarters One Limited (Registered number: 05022158)

Statement of Financial Position
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,286 1,733
1,286 1,733

CURRENT ASSETS
Inventories 400 300
Debtors 6 1,342 5,055
Cash at bank 18,704 6,170
20,446 11,525
CREDITORS
Amounts falling due within one year 7 12,038 7,886
NET CURRENT ASSETS 8,408 3,639
TOTAL ASSETS LESS CURRENT LIABILITIES 9,694 5,372

CREDITORS
Amounts falling due after more than one
year

8

(3,239

)

(4,167

)

PROVISIONS FOR LIABILITIES (244 ) (329 )
NET ASSETS 6,211 876

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 6,207 872
SHAREHOLDERS' FUNDS 6,211 876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Headquarters One Limited (Registered number: 05022158)

Statement of Financial Position - continued
31 March 2022


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 director and authorised for issue on 1 August 2022 and were signed by:





D J Harley - Director


Headquarters One Limited (Registered number: 05022158)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Headquarters One 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents net receipts from sales of goods, services and chair rents. Income is recognised when the company becomes entitled to it, usually on the rendering of an invoice or completion of services.

Goodwill
Goodwill, being the amount paid in connection with the acquistion of a business in 2004, is now fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and net realisable value

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 statement of financial position date.


Headquarters One Limited (Registered number: 05022158)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The financial statements have been prepared on a going concern basis. While the impact of the COVID-19 virus has been assessed by the directors so far as reasonably possible, due to its unprecedented impact on the wider economy, it is difficult to evaluate with any certainty the potential outcomes on the company's trade, its customers and suppliers. However, taking into consideration the UK Government's response and financial support and the company's planning, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Government grants
Government grants in relation to COVID-19 are recognised on the accruals basis and credited to the Income Statement and any related expenditure is charged to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 35,000
AMORTISATION
At 1 April 2021
and 31 March 2022 35,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

Headquarters One Limited (Registered number: 05022158)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 4,740
DEPRECIATION
At 1 April 2021 3,007
Charge for year 447
At 31 March 2022 3,454
NET BOOK VALUE
At 31 March 2022 1,286
At 31 March 2021 1,733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1,342 5,055

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 971 833
Taxation and social security 8,995 5,661
Other creditors 2,072 1,392
12,038 7,886

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 3,239 4,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 167

Headquarters One Limited (Registered number: 05022158)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
D J Harley
Balance outstanding at start of year 3,713 2,583
Amounts advanced - 1,130
Amounts repaid (3,713 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,713