Hektor Holdings Limited 12468548 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is holding company. Digita Accounts Production Advanced 6.30.9574.0 true 12468548 2022-03-01 2023-02-28 12468548 2023-02-28 12468548 bus:Director2 1 2023-02-28 12468548 core:CurrentFinancialInstruments 2023-02-28 12468548 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12468548 bus:SmallEntities 2022-03-01 2023-02-28 12468548 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12468548 bus:FullAccounts 2022-03-01 2023-02-28 12468548 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 12468548 bus:RegisteredOffice 2022-03-01 2023-02-28 12468548 bus:Director1 2022-03-01 2023-02-28 12468548 bus:Director2 2022-03-01 2023-02-28 12468548 bus:Director2 1 2022-03-01 2023-02-28 12468548 bus:Director3 2022-03-01 2023-02-28 12468548 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12468548 countries:EnglandWales 2022-03-01 2023-02-28 12468548 bus:Director2 1 2022-02-28 12468548 2021-03-01 2022-02-28 12468548 2022-02-28 12468548 core:CurrentFinancialInstruments 2022-02-28 12468548 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 12468548

Hektor Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Hektor Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Hektor Holdings Limited

Company Information

Directors

Y Naylor

KM Naylor

L Naylor

Registered office

22 Doctor Lane
Mirfield
West Yorkshire
WF14 8DN

 

Hektor Holdings Limited

(Registration number: 12468548)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

932

110

Cash at bank and in hand

 

644,245

500,144

 

645,177

500,254

Creditors: Amounts falling due within one year

5

(648,067)

(501,653)

Net liabilities

 

(2,890)

(1,399)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(2,990)

(1,499)

Shareholders' deficit

 

(2,890)

(1,399)

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 October 2023 and signed on its behalf by:
 

.........................................
Y Naylor
Director

   
     
 

Hektor Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 Doctor Lane
Mirfield
West Yorkshire
WF14 8DN
England

These financial statements were authorised for issue by the Board on 17 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

The company has net liabilities. The financial statements have been prepared on the going concern basis which assumes the company will continue to exist for the foreseeable future. This is dependent on the continued support of the directors, who has indicated that amounts due to them will not be withdrawn.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hektor Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Debtors

Current

2023
£

2022
£

Prepayments

932

-

Other debtors

-

110

 

Hektor Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

60

-

Taxation and social security

582

-

Accruals and deferred income

525

500

Other creditors

646,900

501,153

648,067

501,653

6

Related party transactions

Transactions with directors

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

KM Naylor

There are no conditions attached to this loan.

-

98,000

(100,000)

(2,000)