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REGISTERED NUMBER: 12348680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2021 TO 30 APRIL 2022

FOR

PROTECT HEARTS LIMITED

PROTECT HEARTS LIMITED (REGISTERED NUMBER: 12348680)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 January 2021 to 30 April 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PROTECT HEARTS LIMITED

COMPANY INFORMATION
for the Period 1 January 2021 to 30 April 2022







DIRECTOR: D Harris





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 12348680 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

PROTECT HEARTS LIMITED (REGISTERED NUMBER: 12348680)

STATEMENT OF FINANCIAL POSITION
30 April 2022

30.4.22 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Investments 4 235,998 236,000

CURRENT ASSETS
Debtors 5 69,216 26,486
Cash at bank 3,611 1,282
72,827 27,768
CREDITORS
Amounts falling due within one year 6 249,385 222,865
NET CURRENT LIABILITIES (176,558 ) (195,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,440

40,903

CREDITORS
Amounts falling due after more than one
year

7

31,567

45,276
NET ASSETS/(LIABILITIES) 27,873 (4,373 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 27,872 (4,374 )
SHAREHOLDERS' FUNDS 27,873 (4,373 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

PROTECT HEARTS LIMITED (REGISTERED NUMBER: 12348680)

STATEMENT OF FINANCIAL POSITION - continued
30 April 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 2 October 2023 and were signed by:





D Harris - Director


PROTECT HEARTS LIMITED (REGISTERED NUMBER: 12348680)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 January 2021 to 30 April 2022

1. STATUTORY INFORMATION

Protect Hearts 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.

Preparation of consolidated financial statements
The financial statements contain information about Protect Hearts 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.

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

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the period 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.


PROTECT HEARTS LIMITED (REGISTERED NUMBER: 12348680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2021 to 30 April 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 period 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.

Impairment
A review of 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 reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2021 1 235,999 236,000
Impairments (1 ) (1 ) (2 )
At 30 April 2022 - 235,998 235,998
NET BOOK VALUE
At 30 April 2022 - 235,998 235,998
At 31 December 2020 1 235,999 236,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 31.12.20
£    £   
Other debtors 69,216 26,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 31.12.20
£    £   
Bank loans and overdrafts 9,605 4,724
Trade creditors 4,081 343
Amounts owed to participating interests 117,808 51,542
Taxation and social security 6,538 -
Other creditors 111,353 166,256
249,385 222,865

Included within other creditors are accrued expenses of £3,420 (Dec 2020: £2,000).

PROTECT HEARTS LIMITED (REGISTERED NUMBER: 12348680)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2021 to 30 April 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.22 31.12.20
£    £   
Bank loans 31,567 45,276

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.22 31.12.20
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 April 2022 and 31 December 2020:

30.4.22 31.12.20
£    £   
D Harris
Balance outstanding at start of period 26,486 -
Amounts advanced 42,730 26,486
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 69,216 26,486

Included within amounts advanced is an interest of £1,351 (Dec 20: £583) charged at HMRC's prescribed rate on the outstanding loan balance. All overdrawn loan balances are repayable on demand and personally guaranteed by the director.

10. RELATED PARTY DISCLOSURES

In other creditors due within one year is a balance of £103,631 (Dec 2020: £51,542), due to Hearts Investments Limited, a company of which Protect Hearts Ltd. owns 50% of the share capital. This has been provided on an interest free basis and is repayable on demand.

Also in other creditors due within one year is a balance of £14,177 (Dec 2020: £nil), due to Observices Parking Consultancy Ltd a company of which Protect Hearts Ltd. owns 50% of the share capital. This has been provided on an interest free basis and is repayable on demand.