IRIS Accounts Production v23.3.0.418 08416922 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084169222022-02-28084169222023-02-28084169222022-03-012023-02-28084169222021-02-28084169222021-03-012022-02-28084169222022-02-2808416922ns15:PoundSterling2022-03-012023-02-2808416922ns11:Director12022-03-012023-02-2808416922ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2808416922ns11:SmallEntities2022-03-012023-02-2808416922ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2808416922ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808416922ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2808416922ns11:FullAccounts2022-03-012023-02-280841692212022-03-012023-02-2808416922ns11:OrdinaryShareClass12022-03-012023-02-2808416922ns11:OrdinaryShareClass22022-03-012023-02-2808416922ns11:Director22022-03-012023-02-2808416922ns11:RegisteredOffice2022-03-012023-02-2808416922ns6:CurrentFinancialInstruments2023-02-2808416922ns6:CurrentFinancialInstruments2022-02-2808416922ns6:ShareCapital2023-02-2808416922ns6:ShareCapital2022-02-2808416922ns6:RetainedEarningsAccumulatedLosses2023-02-2808416922ns6:RetainedEarningsAccumulatedLosses2022-02-2808416922ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2808416922ns6:MotorVehicles2022-03-012023-02-2808416922ns6:ComputerEquipment2022-03-012023-02-2808416922ns6:IntangibleAssetsOtherThanGoodwill2022-02-2808416922ns6:IntangibleAssetsOtherThanGoodwill2023-02-2808416922ns6:IntangibleAssetsOtherThanGoodwill2022-02-2808416922ns6:PlantMachinery2022-02-2808416922ns6:FurnitureFittings2022-02-2808416922ns6:MotorVehicles2022-02-2808416922ns6:ComputerEquipment2022-02-2808416922ns6:PlantMachinery2022-03-012023-02-2808416922ns6:FurnitureFittings2022-03-012023-02-2808416922ns6:PlantMachinery2023-02-2808416922ns6:FurnitureFittings2023-02-2808416922ns6:MotorVehicles2023-02-2808416922ns6:ComputerEquipment2023-02-2808416922ns6:PlantMachinery2022-02-2808416922ns6:FurnitureFittings2022-02-2808416922ns6:MotorVehicles2022-02-2808416922ns6:ComputerEquipment2022-02-2808416922ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2808416922ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2808416922ns11:OrdinaryShareClass12023-02-2808416922ns11:OrdinaryShareClass22023-02-28
REGISTERED NUMBER: 08416922















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HEMISPHERE BUSINESS TRANSFORMATION LTD

HEMISPHERE BUSINESS TRANSFORMATION LTD (REGISTERED NUMBER: 08416922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEMISPHERE BUSINESS TRANSFORMATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: S P Hornsby
S C Pick





REGISTERED OFFICE: 2 Goldney Road
Clifton
Bristol
BS8 4RB





REGISTERED NUMBER: 08416922





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

HEMISPHERE BUSINESS TRANSFORMATION LTD (REGISTERED NUMBER: 08416922)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 766 1,675
Tangible assets 5 1,540 2,299
2,306 3,974

CURRENT ASSETS
Debtors 6 539,003 531,964
Cash at bank 180,769 217,305
719,772 749,269
CREDITORS
Amounts falling due within one year 7 20,118 32,436
NET CURRENT ASSETS 699,654 716,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

701,960

720,807

PROVISIONS FOR LIABILITIES 292 436
NET ASSETS 701,668 720,371

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 701,568 720,271
SHAREHOLDERS' FUNDS 701,668 720,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

HEMISPHERE BUSINESS TRANSFORMATION LTD (REGISTERED NUMBER: 08416922)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 14 November 2023 and were signed on its behalf by:





S P Hornsby - Director


HEMISPHERE BUSINESS TRANSFORMATION LTD (REGISTERED NUMBER: 08416922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Hemisphere Business Transformation Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 25% on cost

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

HEMISPHERE BUSINESS TRANSFORMATION LTD (REGISTERED NUMBER: 08416922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022 1,675
Impairments (909 )
At 28 February 2023 766
NET BOOK VALUE
At 28 February 2023 766
At 28 February 2022 1,675

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 2,218 608 72,080 4,385 79,291
Additions - - - 416 416
At 28 February 2023 2,218 608 72,080 4,801 79,707
DEPRECIATION
At 1 March 2022 554 304 72,080 4,054 76,992
Charge for year 555 152 - 468 1,175
At 28 February 2023 1,109 456 72,080 4,522 78,167
NET BOOK VALUE
At 28 February 2023 1,109 152 - 279 1,540
At 28 February 2022 1,664 304 - 331 2,299

HEMISPHERE BUSINESS TRANSFORMATION LTD (REGISTERED NUMBER: 08416922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 8,260 -
Other debtors 530,743 531,964
539,003 531,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 5,536 -
Other creditors 14,582 32,436
20,118 32,436

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
90 Ordinary 'A' £1 90 90
10 Ordinary 'B' £1 10 10
100 100

9. RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed the directors £11,873 (2022: £30,345).

As at the balance sheet date, the company was owed £514,888 from Hemisphere Property Services Limited, a company with common directors and shareholders (2022: £514,888).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S P Hornsby.