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REGISTERED NUMBER: 12322234 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

H-Base Limited

H-Base Limited (Registered number: 12322234)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H-Base Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr P Hatia-Black





REGISTERED OFFICE: Solent House
107a Alma Road
Southampton
SO14 6UY





REGISTERED NUMBER: 12322234 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

H-Base Limited (Registered number: 12322234)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,136 50,858

CURRENT ASSETS
Stocks 5 - 73,228
Debtors 6 52,554 8,704
Cash at bank 256,755 152,169
309,309 234,101
CREDITORS
Amounts falling due within one year 7 76,352 67,979
NET CURRENT ASSETS 232,957 166,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,093

216,980

CREDITORS
Amounts falling due after more than one
year

8

32,303

37,026
NET ASSETS 238,790 179,954

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238,690 179,854
SHAREHOLDERS' FUNDS 238,790 179,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

H-Base Limited (Registered number: 12322234)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 24 July 2024 and were signed by:





Mr P Hatia-Black - Director


H-Base Limited (Registered number: 12322234)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

H-Base 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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

H-Base Limited (Registered number: 12322234)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 18,978 43,512 1,000 63,490
DEPRECIATION
At 1 April 2023 7,657 3,985 990 12,632
Charge for year 2,830 9,882 10 12,722
At 31 March 2024 10,487 13,867 1,000 25,354
NET BOOK VALUE
At 31 March 2024 8,491 29,645 - 38,136
At 31 March 2023 11,321 39,527 10 50,858

5. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress - 73,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 49,674 5,681
Called up share capital not paid 20 20
Prepayments 2,860 3,003
52,554 8,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 50,833 48,503
Social security and other taxes 1,225 350
VAT 10,418 3,434
Other creditors 3,635 1,317
Directors' current accounts 9,231 8,628
Accrued expenses 1,010 5,747
76,352 67,979

H-Base Limited (Registered number: 12322234)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 32,303 37,026

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 32,303 37,026

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr P Hatia-Black
Balance outstanding at start of year (8,629 ) (677 )
Amounts advanced 83 -
Amounts repaid (685 ) (7,952 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,231 ) (8,629 )

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr P Hatia-Black throughout the current period. Mr P Hatia-Black is the managing directors and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A) Small Entities for Financial Reporting Standard 102.