Silverfin false 30/11/2022 01/12/2021 30/11/2022 Julian Clark 03/11/2022 08/11/2018 Jolene Feeley 03/11/2022 04 October 2023 The principal activity of the Company during the financial year was the sale of art on commission and art gallery. 11667143 2022-11-30 11667143 bus:Director1 2022-11-30 11667143 bus:Director2 2022-11-30 11667143 2021-11-30 11667143 core:CurrentFinancialInstruments 2022-11-30 11667143 core:CurrentFinancialInstruments 2021-11-30 11667143 core:ShareCapital 2022-11-30 11667143 core:ShareCapital 2021-11-30 11667143 core:RetainedEarningsAccumulatedLosses 2022-11-30 11667143 core:RetainedEarningsAccumulatedLosses 2021-11-30 11667143 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2021-11-30 11667143 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-11-30 11667143 core:LeaseholdImprovements 2021-11-30 11667143 core:FurnitureFittings 2021-11-30 11667143 core:LeaseholdImprovements 2022-11-30 11667143 core:FurnitureFittings 2022-11-30 11667143 bus:OrdinaryShareClass1 2022-11-30 11667143 2021-12-01 2022-11-30 11667143 bus:FullAccounts 2021-12-01 2022-11-30 11667143 bus:SmallEntities 2021-12-01 2022-11-30 11667143 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 11667143 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 11667143 bus:Director1 2021-12-01 2022-11-30 11667143 bus:Director2 2021-12-01 2022-11-30 11667143 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2021-12-01 2022-11-30 11667143 core:LeaseholdImprovements core:TopRangeValue 2021-12-01 2022-11-30 11667143 core:FurnitureFittings core:TopRangeValue 2021-12-01 2022-11-30 11667143 2020-12-01 2021-11-30 11667143 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2021-12-01 2022-11-30 11667143 core:LeaseholdImprovements 2021-12-01 2022-11-30 11667143 core:FurnitureFittings 2021-12-01 2022-11-30 11667143 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 11667143 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11667143 (England and Wales)

HEART OF THE TRIBE LTD

Unaudited Financial Statements
For the financial year ended 30 November 2022
Pages for filing with the registrar

HEART OF THE TRIBE LTD

Unaudited Financial Statements

For the financial year ended 30 November 2022

Contents

HEART OF THE TRIBE LTD

COMPANY INFORMATION

For the financial year ended 30 November 2022
HEART OF THE TRIBE LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2022
DIRECTOR Jolene Feeley
SECRETARY Kim Von Coels
REGISTERED OFFICE Ground Floor Blackbrook Gate 1
Blackbrook Business Park
Taunton
TA1 2PX
United Kingdom
COMPANY NUMBER 11667143 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
90 Victoria Street
Bristol
BS1 6DP
HEART OF THE TRIBE LTD

BALANCE SHEET

As at 30 November 2022
HEART OF THE TRIBE LTD

BALANCE SHEET (continued)

As at 30 November 2022
Note 2022 2021
£ £
Fixed assets
Intangible assets 3 1,294 1,618
Tangible assets 4 14,105 18,540
15,399 20,158
Current assets
Stocks 5,194 7,300
Debtors 5 79 138
Cash at bank and in hand 24,186 255
29,459 7,693
Creditors: amounts falling due within one year 6 ( 272,269) ( 179,737)
Net current liabilities (242,810) (172,044)
Total assets less current liabilities (227,411) (151,886)
Net liabilities ( 227,411) ( 151,886)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 227,511 ) ( 151,986 )
Total shareholder's deficit ( 227,411) ( 151,886)

For the financial year ending 30 November 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Heart of the Tribe Ltd (registered number: 11667143) were approved and authorised for issue by the Director on 04 October 2023. They were signed on its behalf by:

Jolene Feeley
Director
HEART OF THE TRIBE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
HEART OF THE TRIBE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Heart of the Tribe Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Notwithstanding the net current liabilities of £242,810 (2021: £172,044) and net liabilities of £227,411 (2021: £151,886) the director is satisfied, having made all necessary enquiries, that the going concern basis of preparation remains appropriate. In making their assessment, the director has, in particular, considered the following matters:

- The shareholder has agreed that loans owing to them of £260,572 (2021: £174,193) will not be called for repayment until such time that the company has sufficient available funds whilst protecting the trading status of the company.
- The ability of the company to meet its liabilities as they fall due.

Having taken these matters into consideration, and whilst recognising that there can be no certainty, the director is satisfied that it remains appropriate to prepare these financial statements on a going concern basis having considered a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 5

3. Intangible assets

Website costs Total
£ £
Cost
At 01 December 2021 2,427 2,427
Additions 175 175
At 30 November 2022 2,602 2,602
Accumulated amortisation
At 01 December 2021 809 809
Charge for the financial year 499 499
At 30 November 2022 1,308 1,308
Net book value
At 30 November 2022 1,294 1,294
At 30 November 2021 1,618 1,618

4. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Total
£ £ £
Cost
At 01 December 2021 11,787 13,463 25,250
Additions 0 685 685
At 30 November 2022 11,787 14,148 25,935
Accumulated depreciation
At 01 December 2021 3,928 2,782 6,710
Charge for the financial year 2,358 2,762 5,120
At 30 November 2022 6,286 5,544 11,830
Net book value
At 30 November 2022 5,501 8,604 14,105
At 30 November 2021 7,859 10,681 18,540

5. Debtors

2022 2021
£ £
Other debtors 79 138

6. Creditors: amounts falling due within one year

2022 2021
£ £
Other taxation and social security 2,332 1,530
Other creditors 269,937 178,207
272,269 179,737

7. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100 100