REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2022 TO 31 MAY 2023 |
FOR |
BEAST HQ LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2022 TO 31 MAY 2023 |
FOR |
BEAST HQ LIMITED |
BEAST HQ LIMITED (REGISTERED NUMBER: 13903605) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2022 TO 31 MAY 2023 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 2 | to | 4 |
BEAST HQ LIMITED (REGISTERED NUMBER: 13903605) |
STATEMENT OF FINANCIAL POSITION |
31 MAY 2023 |
Notes | £ |
FIXED ASSETS |
Intangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their 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. |
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 |
BEAST HQ LIMITED (REGISTERED NUMBER: 13903605) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 FEBRUARY 2022 TO 31 MAY 2023 |
1. | STATUTORY INFORMATION |
Beast HQ Limited is a |
Registered number: |
Registered office: |
The principal activity of the company is that of a holding company. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statement are prepared in sterling, which is the functional currency of the entity. |
Preparation of consolidated financial statements |
The entity has taken advantage of the option not to prepare consolidated financial statementscontained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiaryundertakings comprise a small group. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
BEAST HQ LIMITED (REGISTERED NUMBER: 13903605) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9 FEBRUARY 2022 TO 31 MAY 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Debt instruments are subsequently measured at amortised cost. |
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. |
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. |
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financialliabilities are presented as such in the balance sheet. Finance costs and gains or losses relating tofinancial liabilities are included in the profit and loss account. Finance costs are calculated so as toproduce a constant rate of return on the outstanding liability. |
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. |
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. |
BEAST HQ LIMITED (REGISTERED NUMBER: 13903605) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9 FEBRUARY 2022 TO 31 MAY 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
At 31 May 2023 |
AMORTISATION |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
COST |
Additions | 150,308 |
At 31 May 2023 | 150,308 |
NET BOOK VALUE |
At 31 May 2023 | 150,308 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Amounts owed by group undertakings are unsecured and repayable on demand. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
8. | EVENTS AFTER THE REPORTING PERIOD |
There were no significant events up to the date of approval of the financial statements by the Board. |