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REGISTERED NUMBER: 08895711 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

H2 PRODUCTIONS LIMITED

H2 PRODUCTIONS LIMITED (REGISTERED NUMBER: 08895711)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


H2 PRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: C N Hurst
M Leppard





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
TUNBRIDGE WELLS
Kent
TN4 8BS





REGISTERED NUMBER: 08895711 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

H2 PRODUCTIONS LIMITED (REGISTERED NUMBER: 08895711)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 214,878 138,251

CURRENT ASSETS
Debtors 5 55,210 42,120
Cash at bank and in hand 18,551 19,202
73,761 61,322
CREDITORS
Amounts falling due within one year 6 (88,539 ) (65,575 )
NET CURRENT LIABILITIES (14,778 ) (4,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,100

133,998

CREDITORS
Amounts falling due after more than one
year

7

(93,660

)

(20,519

)

PROVISIONS FOR LIABILITIES (39,495 ) (24,643 )
NET ASSETS 66,945 88,836

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,845 88,736
SHAREHOLDERS' FUNDS 66,945 88,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 2 March 2024 and were signed on its behalf by:





C N Hurst - Director


H2 PRODUCTIONS LIMITED (REGISTERED NUMBER: 08895711)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

H2 Productions Limited 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.

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

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including trade and other receivables, trade and other payables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such instruments are subsequently carried at amortised cost using the effective interest
method.

At the end of each reporting period financial instruments measured at amortised cost are assessed for
impairment. If an instrument is impaired the loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the instrument’s original effective interest rate. The impairment loss is recognised in profit or loss.

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 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 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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue trading for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

H2 PRODUCTIONS LIMITED (REGISTERED NUMBER: 08895711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 244,329 38,780 283,109
Additions 154,640 - 154,640
Disposals (16,516 ) - (16,516 )
At 31 October 2023 382,453 38,780 421,233
DEPRECIATION
At 1 November 2022 124,246 20,612 144,858
Charge for year 68,048 7,434 75,482
Eliminated on disposal (13,985 ) - (13,985 )
At 31 October 2023 178,309 28,046 206,355
NET BOOK VALUE
At 31 October 2023 204,144 10,734 214,878
At 31 October 2022 120,083 18,168 138,251

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,628 14,434
Other debtors 4,001 4,002
Tax 30,118 20,859
Prepayments and accrued income 4,463 2,825
55,210 42,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,040 7,037
Hire purchase contracts 28,309 3,713
Trade creditors 21,206 21,543
Social security and other taxes 9,879 2,861
Other creditors 7,867 5,865
Directors' current accounts 12,003 22,321
Accrued expenses 2,235 2,235
88,539 65,575

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 11,041 18,044
Hire purchase contracts 82,619 2,475
93,660 20,519