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REGISTERED NUMBER: 09499985 (England and Wales)















HTAI LTD

Audited Financial Statements

for the Year Ended 31 March 2023






HTAI LTD (Registered number: 09499985)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HTAI LTD

Company Information
for the year ended 31 March 2023







Directors: S M Bayliss
M I De'Ath
C M Ainger
A P Morrison





Secretary: A Corbett





Registered office: 75 Wallis Road
London
E9 5LN





Registered number: 09499985 (England and Wales)





Auditors: Haines Watts
Chartered Accountants and Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

HTAI LTD (Registered number: 09499985)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 409,253 348,885

Current assets
Debtors 5 38,646 344
Cash at bank 2,138 63,306
40,784 63,650
Creditors
Amounts falling due within one year 6 431,841 415,131
Net current liabilities (391,057 ) (351,481 )
Total assets less current liabilities 18,196 (2,596 )

Capital and reserves
Called up share capital 100 100
Retained earnings 18,096 (2,696 )
18,196 (2,596 )

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

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 17 October 2023 and were signed on its behalf by:





S M Bayliss - Director


HTAI LTD (Registered number: 09499985)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

HTAI LTD 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.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment.

Critical accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments. The following are the company's key sources of estimation certainty:

Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates and the physical condition of the assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

HTAI LTD (Registered number: 09499985)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Freehold Improvements
property to property Totals
£ £ £
Cost
At 1 April 2022 350,638 - 350,638
Additions - 64,195 64,195
At 31 March 2023 350,638 64,195 414,833
Depreciation
At 1 April 2022 1,753 - 1,753
Charge for year 3,506 321 3,827
At 31 March 2023 5,259 321 5,580
Net book value
At 31 March 2023 345,379 63,874 409,253
At 31 March 2022 348,885 - 348,885

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 27,121 224
VAT 11,425 20
Called up share capital not paid 100 100
38,646 344

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 124 -
Amounts owed to group undertakings 428,005 415,131
Tax 3,342 -
Other creditors 370 -
431,841 415,131

7. Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Jonathan Moughton (Senior Statutory Auditor)
for and on behalf of Haines Watts

8. Related party disclosures

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.