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Company Registration No. 12167681 (England and Wales)
HTCTW Global Limited Unaudited accounts for the year ended 31 August 2023
HTCTW Global Limited Unaudited accounts Contents
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HTCTW Global Limited Company Information for the year ended 31 August 2023
Directors
Dr Jason John Blackstock Robin Alana Kai Heath
Company Number
12167681 (England and Wales)
Registered Office
14 Casbeard Street London N4 2GD United Kingdom
Accountants
Sidgrove 86-90 Paul Street London EC2A 4NE
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HTCTW Global Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,179 
2,815 
Investments
59 
59 
1,238 
2,874 
Current assets
Debtors
230,258 
59,595 
Cash at bank and in hand
14,016 
9,441 
244,274 
69,036 
Creditors: amounts falling due within one year
(496,963)
(158,760)
Net current liabilities
(252,689)
(89,724)
Net liabilities
(251,451)
(86,850)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(252,451)
(87,850)
Shareholders' funds
(251,451)
(86,850)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2024 and were signed on its behalf by
Dr Jason John Blackstock Director Company Registration No. 12167681
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HTCTW Global Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
HTCTW Global Limited is a private company, limited by shares, registered in England and Wales, registration number 12167681. The registered office is 14 Casbeard Street, London, N4 2GD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% Straight Line
Computer equipment
33.33% Straight Line
Prior Year Adjustments
The prior year comparatives have been updated to correct errors in the prior year filed accounts. Amendments have been made to the following accounts: - Profit and loss account: -£87,850 (previously: -£18,945) - Amounts due from group undertakings: £59,236 (previously: £105,589) - Computer equipment : £4,206 (previously: £2,360) - Computer equipment accumulated depreciation: £2,016 (previously: £1,965) - Loans from directors: £155,379 (previously: £131,033)
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HTCTW Global Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
2,961 
4,206 
7,167 
At 31 August 2023
2,961 
4,206 
7,167 
Depreciation
At 1 September 2022
2,336 
2,016 
4,352 
Charge for the year
625 
1,011 
1,636 
At 31 August 2023
2,961 
3,027 
5,988 
Net book value
At 31 August 2023
- 
1,179 
1,179 
At 31 August 2022
625 
2,190 
2,815 
5
Investments
Other investments 
£ 
Valuation at 1 September 2022
59 
Valuation at 31 August 2023
59 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,023 
359 
Amounts due from group undertakings etc.
229,235 
59,236 
230,258 
59,595 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
708 
3,082 
Taxes and social security
4,232 
299 
Other creditors
256,049 
- 
Loans from directors
235,974 
155,379 
496,963 
158,760 
Convertible Loan Notes: At the Balance Sheet date the other creditors balance includes convertible loan notes totalling £248,130 (2022: £0), with accrued interest of £7,920 (2022: £0). These are unsecured loans, with a 6% annual interest rate and feature a conversion option into shares at a 10% discount during specified events such as capital raises or on its anniversary.
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HTCTW Global Limited Notes to the Accounts for the year ended 31 August 2023
8
Transactions with related parties
Loan from Directors: At the Balance Sheet date £235,974 (2022: £155,379) was owed to directors in respect of expenses paid on behalf of the company and other amounts due from the company. The total balance is unsecured, interest-free & repayable on demand. Loan to Subsidiary: At the Balance Sheet date, How to Change the World Canada Inc., a fully owned subsidiary of the company, owed the company £229,235 (2022: £59,236). The loan is unsecured, interest-free & repayable on demand. Convertible Loan Notes: At the Balance Sheet date, JB Resources Ltd, a company registered in Canada and owned by a relation of one of the Directors, held convertible loans of CAD$250,000 (2022: CAD$0), with accumulated interest of CAD$6,586. This is an unsecured loan, with a 6% annual interest rate and features a conversion option into shares at a 10% discount during specified events such as capital raises or on its anniversary.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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