0 false false false false false false false false false false true false false false false true false 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,836 1,477 284 1,761 1,075 1,359 xbrli:pure xbrli:shares iso4217:GBP 10370644 2022-10-01 2023-09-30 10370644 2023-09-30 10370644 2022-09-30 10370644 2021-10-01 2022-09-30 10370644 2022-09-30 10370644 2021-09-30 10370644 core:PatentsTrademarksLicencesConcessionsSimilar 2022-10-01 2023-09-30 10370644 bus:Director1 2022-10-01 2023-09-30 10370644 core:WithinOneYear 2023-09-30 10370644 core:WithinOneYear 2022-09-30 10370644 core:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 10370644 core:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 10370644 core:ShareCapital 2021-10-01 2022-09-30 10370644 core:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 10370644 core:ShareCapital 2022-10-01 2023-09-30 10370644 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 10370644 core:ShareCapital 2023-09-30 10370644 core:ShareCapital 2022-09-30 10370644 core:RetainedEarningsAccumulatedLosses 2023-09-30 10370644 core:RetainedEarningsAccumulatedLosses 2022-09-30 10370644 core:ShareCapital 2021-09-30 10370644 core:RetainedEarningsAccumulatedLosses 2021-09-30 10370644 core:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 10370644 bus:SmallEntities 2022-10-01 2023-09-30 10370644 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10370644 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10370644 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10370644 bus:FullAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 10370644
HAUZ LTD
Unaudited Financial Statements
30 September 2023
HAUZ LTD
Financial Statements
Year ended 30 September 2023
Contents
Page
Director's report
1
Income statement
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
HAUZ LTD
Director's Report
Year ended 30 September 2023
The director presents his report and the unaudited financial statements of the company for the year ended 30 September 2023 .
Principal activities
The principal activity of the company during the year was licensing of trademarks.
Director
The director who served the company during the year was as follows:
Mr. Markos Panteleimon Klerides
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 17 January 2024 and signed on behalf of the board by:
Mr. Markos Panteleimon Klerides
Director
HAUZ LTD
Income Statement
Year ended 30 September 2023
2023
2022
Note
£
£
Administrative expenses
( 5,270)
( 5,827)
-------
-------
Operating loss
( 5,270)
( 5,827)
Interest payable and similar expenses
( 128)
-------
-------
Loss before taxation
4
( 5,270)
( 5,955)
Tax on loss
-------
-------
Loss for the financial year
( 5,270)
( 5,955)
-------
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
HAUZ LTD
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
1,075
1,359
Current assets
Debtors
6
863
944
Cash at bank and in hand
263
----
-------
863
1,207
Creditors: amounts falling due within one year
7
6,355
10,213
-------
--------
Net current liabilities
5,492
9,006
-------
-------
Total assets less current liabilities
( 4,417)
( 7,647)
-------
-------
Net liabilities
( 4,417)
( 7,647)
-------
-------
Capital and reserves
Called up share capital
13,847
5,347
Profit and loss account
( 18,264)
( 12,994)
--------
--------
Shareholders deficit
( 4,417)
( 7,647)
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 January 2024 , and are signed on behalf of the board by:
Mr. Markos Panteleimon Klerides
Director
Company registration number: 10370644
HAUZ LTD
Statement of Changes in Equity
Year ended 30 September 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 1 October 2021
100
( 7,039)
( 6,939)
Loss for the year
( 5,955)
( 5,955)
----
-------
-------
Total comprehensive income for the year
( 5,955)
( 5,955)
Issue of shares
5,247
5,247
-------
-------
-------
Total investments by and distributions to owners
5,247
5,247
At 30 September 2022
5,347
( 12,994)
( 7,647)
Loss for the year
( 5,270)
( 5,270)
-------
--------
-------
Total comprehensive income for the year
( 5,270)
( 5,270)
Issue of shares
8,500
8,500
-------
----
-------
Total investments by and distributions to owners
8,500
8,500
--------
--------
-------
At 30 September 2023
13,847
( 18,264)
( 4,417)
--------
--------
-------
HAUZ LTD
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Georges House, 6th floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Profit before taxation
Profit before taxation is stated after charging:
2023
2022
£
£
Amortisation of intangible assets
284
284
----
----
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 October 2022 and 30 September 2023
2,836
-------
Amortisation
At 1 October 2022
1,477
Charge for the year
284
-------
At 30 September 2023
1,761
-------
Carrying amount
At 30 September 2023
1,075
-------
At 30 September 2022
1,359
-------
6. Debtors
2023
2022
£
£
Prepayments and accrued income
782
869
Other debtors
81
75
----
----
863
944
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
30
Trade creditors
5,323
9,211
Accruals and deferred income
775
775
Other creditors
227
227
-------
--------
6,355
10,213
-------
--------