Registration number:
HYEJOO LTD
for the Period from 1 September 2021 to 30 September 2022
HYEJOO LTD
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
HYEJOO LTD
Company Information
Director |
Mr SM Ham |
Registered office |
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Accountants |
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HYEJOO LTD
(Registration number: 13597789)
Balance Sheet as at 30 September 2022
Note |
2022 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
(13,751) |
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Shareholders' deficit |
(13,651) |
For the financial period ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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HYEJOO LTD
Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 30 September 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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).
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.
Going concern
The director and owner of the company has undertaken to provide financial support for at least twelve months from the date of approval of these financial statements. The director has considered future cash requirements and financial commitment and considers it appropriate to prepare the financial statements on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Investment property
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.
HYEJOO LTD
Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 30 September 2022
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.
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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
HYEJOO LTD
Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 30 September 2022
Investment properties |
2022 |
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Additions |
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At 30 September |
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The investment property was valued on an open market basis on the 30 September 2022 by the director of the company.
There has been no valuation of investment property by an independent valuer.
Debtors |
Current |
2022 |
Prepayments |
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Other debtors |
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HYEJOO LTD
Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 30 September 2022
Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
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Due within one year |
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Amounts owed to related party |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2022 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2022 |
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Non-current loans and borrowings |
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Other borrowings |
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Other borrowings
Other borrowings is an interest only buy to let mortage which is secured on a charge over the investment property of the company. |
HYEJOO LTD
Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 30 September 2022
Related party transactions |
Loans from related parties
2022 |
Other related parties |
Total |
Advanced |
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At end of period |
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Terms of loans from related parties