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REGISTERED NUMBER: 14479176 (England and Wales)


Hepsy Limited

Abridged Audited Financial Statements

for the period

11 November 2022 to 31 March 2023






Hepsy Limited (Registered number: 14479176)






Contents of the Financial Statements
for the period 11 November 2022 to 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hepsy Limited

Company Information
for the period 11 November 2022 to 31 March 2023







DIRECTORS: Mr C Agcagul
Mr S Cagin





SECRETARY:





REGISTERED OFFICE: Unit A6
Brantwood Industrial Estate
Brantwood Road
London
N17 0DX





REGISTERED NUMBER: 14479176 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Hepsy Limited (Registered number: 14479176)

Statement of Financial Position
31 March 2023

Notes £   

CREDITORS
Amounts falling due within one year 4 111
NET CURRENT LIABILITIES (111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111

)

CAPITAL AND RESERVES
Called up share capital 5 100
Retained earnings 6 (211 )
SHAREHOLDERS' FUNDS (111 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2023 and were signed on its behalf by:




Mr S Cagin - Director



Mr C Agcagul - Director


Hepsy Limited (Registered number: 14479176)

Notes to the Financial Statements
for the period 11 November 2022 to 31 March 2023

1. STATUTORY INFORMATION

Hepsy 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Masca Holdings Limited is the parent company of the group and copies of the consolidated accounts can be obtained from Unit 2, The Britannia Centre, Lenthall Road, Loughton, IG10 3SQ.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 111

Hepsy Limited (Registered number: 14479176)

Notes to the Financial Statements - continued
for the period 11 November 2022 to 31 March 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary shares £1 100

100 Ordinary shares shares of £1 each were allotted and fully paid for cash at par during the period.

6. RESERVES
Retained
earnings
£   

Deficit for the period (211 )
At 31 March 2023 (211 )

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal ACA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

8. CONTINGENT LIABILITIES

All companies in the group are guarantors under a credit guarantee between Natwest Bank and Village Quality Products Limited. The balance outstanding at the year end was nil (2022 - nil).

All companies in the group have guaranteed a loan between Natwest Bank (the lender) and RS Properties London Ltd (a subsidiary in the same group). The balance outstanding at the year end was £12,650,356 (2022 - £13,642,552).

All companies in the group are guarantors under a overdraft facility between Natwest Bank and Cyprofood Limited. The balance outstanding at the year end was £1,987,478 (2022 - nil).