HENDRIE BIOTECH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Company registration number SC362605 (Scotland)
PAGES FOR FILING WITH REGISTRAR
HENDRIE BIOTECH LIMITED
BALANCE SHEET
AS AT 31 JULY 2023
31 July 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
663,360
624,495
Current assets
448,503
111,490
Prepayments and accrued income
10,223
21,548
Creditors: amounts falling due within one year
(481,736)
(108,290)
Net current (liabilities)/assets
(23,010)
24,748
Total assets less current liabilities
640,350
649,243
Creditors: amounts falling due after more than one year
(459,634)
(553,103)
Net assets
180,716
96,140
Capital and reserves
180,716
96,140
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
2
Related party transactions
Bank loans totalling £606,312 (2022 - £611,343) are secured by a guarantee and floating charge over the whole of the company's assets.
Included within creditors is an amount owed to a company controlled by the directors of £280,000 (2022 - £nil). This loan is interest free and has no fixed terms for repayment.
3
Transactions with directors
Included within current assets is an amount owed from the directors of £317,751 (2022 - £4,751). This loan is interest free and has no fixed terms for repayment.
Hendrie Biotech Limited is a private company limited by shares incorporated in Scotland. The registered office is West Overland Farm, Hurlford, Kilmarnock, Ayrshire, KA1 5JY.
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
HENDRIE BIOTECH LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023
31 July 2023
- 2 -
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 14 December 2023 and are signed on its behalf by:
..............................................
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Mr John W Hendrie
Mr James R Hendrie
Director
Director
Company registration number SC362605 (Scotland)