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REGISTERED NUMBER: 10472550 (England and Wales)















Hera Advisory Limited

Director's Report and

Financial Statements

for the Year Ended 30 November 2023






Hera Advisory Limited (Registered number: 10472550)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Director's Report 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Statement of Changes in Equity 6

Notes to the Financial Statements 7


Hera Advisory Limited

Company Information
for the year ended 30 November 2023







Director: Y E Dominioni





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 10472550 (England and Wales)






Hera Advisory Limited (Registered number: 10472550)

Director's Report
for the year ended 30 November 2023


The director presents his report with the financial statements of the company for the year ended 30 November 2023.

Director
Y E Dominioni held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





Y E Dominioni - Director


18 January 2024

Hera Advisory Limited (Registered number: 10472550)

Income Statement
for the year ended 30 November 2023

2023 2022
Notes £ £

Turnover - -

Administrative expenses (107,010 ) (87,861 )
Operating loss (107,010 ) (87,861 )

Income from fixed asset investments - 2,605
Interest receivable and similar income 22,461 2,409
Loss before taxation 4 (84,549 ) (82,847 )

Tax on loss 5 - 20,073
Loss for the financial year (84,549 ) (62,774 )

Hera Advisory Limited (Registered number: 10472550)

Other Comprehensive Income
for the year ended 30 November 2023

2023 2022
Notes £ £

Loss for the year (84,549 ) (62,774 )


Other comprehensive income - -
Total comprehensive income for the year (84,549 ) (62,774 )

Hera Advisory Limited (Registered number: 10472550)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 6 711,127 717,134
Investment property 7 1,320,579 1,357,494
2,031,706 2,074,628

Current assets
Debtors 8 5,596 25,932
Cash at bank 1,319,156 1,371,314
1,324,752 1,397,246
Creditors
Amounts falling due within one year 9 10,911 41,778
Net current assets 1,313,841 1,355,468
Total assets less current liabilities 3,345,547 3,430,096

Capital and reserves
Called up share capital 10 1 1
Retained earnings 11 3,345,546 3,430,095
Shareholders' funds 3,345,547 3,430,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 18 January 2024 and were signed by:




Y E Dominioni - Director


Hera Advisory Limited (Registered number: 10472550)

Statement of Changes in Equity
for the year ended 30 November 2023

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 December 2021 1 3,591,640 3,591,641

Changes in equity
Dividends - (98,771 ) (98,771 )
Total comprehensive income - (62,774 ) (62,774 )
Balance at 30 November 2022 1 3,430,095 3,430,096

Changes in equity
Total comprehensive income - (84,549 ) (84,549 )
Balance at 30 November 2023 1 3,345,546 3,345,547

Hera Advisory Limited (Registered number: 10472550)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Hera Advisory 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Financial assets / liabilities - classified as basic financial instruments
(i) Cash and cash equivalents

This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings

Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

3. Employees and directors

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

Hera Advisory Limited (Registered number: 10472550)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. Loss before taxation

The loss is stated after charging:

2023 2022
£ £
Depreciation - owned assets 6,007 6,007

5. Taxation

Analysis of the tax credit
The tax credit on the loss for the year was as follows:
2023 2022
£ £
Current tax:
UK corporation tax - (20,073 )
Tax on loss - (20,073 )

6. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£ £ £
Cost
At 1 December 2022
and 30 November 2023 682,476 44,088 726,564
Depreciation
At 1 December 2022 - 9,430 9,430
Charge for year - 6,007 6,007
At 30 November 2023 - 15,437 15,437
Net book value
At 30 November 2023 682,476 28,651 711,127
At 30 November 2022 682,476 34,658 717,134

Hera Advisory Limited (Registered number: 10472550)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


7. Investment property
Total
£
Fair value
At 1 December 2022
and 30 November 2023 1,357,494
Depreciation
Reclassification/transfer 36,915
At 30 November 2023 36,915
Net book value
At 30 November 2023 1,320,579
At 30 November 2022 1,357,494

8. Debtors: amounts falling due within one year
2023 2022
£ £
Directors' loan accounts 5,596 5,596
Tax - 20,073
VAT - 263
5,596 25,932

9. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 10,351 41,311
Accrued expenses 560 467
10,911 41,778

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary £1 1 1

11. Reserves
Retained
earnings
£

At 1 December 2022 3,430,095
Deficit for the year (84,549 )
At 30 November 2023 3,345,546

Hera Advisory Limited (Registered number: 10472550)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


12. Ultimate controlling party

The controlling party is Y E Dominioni.