REGISTERED NUMBER: |
Hera Advisory Limited |
Director's Report and |
Financial Statements |
for the Year Ended 30 November 2023 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
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 |
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: |
Hera Advisory Limited (Registered number: 10472550) |
Income Statement |
for the year ended 30 November 2023 |
2023 | 2022 |
Notes | £ | £ |
Turnover |
Administrative expenses | ( |
) | ( |
) |
Operating loss | ( |
) | ( |
) |
Income from fixed asset investments |
Interest receivable and similar income |
Loss before taxation | 4 | ( |
) | ( |
) |
Tax on loss | 5 |
Loss for the financial year | ( |
) | ( |
) |
Hera Advisory Limited (Registered number: 10472550) |
Other Comprehensive Income |
for the year ended 30 November 2023 |
2023 | 2022 |
Notes | £ | £ |
Loss for the year | ( |
) | ( |
) |
Other comprehensive income | - | - |
Total comprehensive income for the year | ( |
) | ( |
) |
Hera Advisory Limited (Registered number: 10472550) |
Balance Sheet |
30 November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 6 |
Investment property | 7 |
Current assets |
Debtors | 8 |
Cash at bank |
Creditors |
Amounts falling due within one year | 9 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 10 |
Retained earnings | 11 |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
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 |
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - | ( |
) | ( |
) |
Balance at 30 November 2022 |
Changes in equity |
Total comprehensive income | - | ( |
) | ( |
) |
Balance at 30 November 2023 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
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 |
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 | ( |
) |
Tax on loss | ( |
) |
6. | Tangible fixed assets |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
Cost |
At 1 December 2022 |
and 30 November 2023 |
Depreciation |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
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 |
Depreciation |
Reclassification/transfer | 36,915 |
At 30 November 2023 | 36,915 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
8. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Directors' loan accounts | 5,596 | 5,596 |
Tax |
VAT |
9. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Accrued expenses |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
11. | Reserves |
Retained |
earnings |
£ |
At 1 December 2022 |
Deficit for the year | ( |
) |
At 30 November 2023 |
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. |