Silverfin false false 31/10/2023 01/11/2022 31/10/2023 F Herbage 17/07/2009 S Herbage 17/07/2009 30 July 2024 The principal activity of the Company during the financial year was that of a clothes shop. 06965989 2023-10-31 06965989 bus:Director1 2023-10-31 06965989 bus:Director2 2023-10-31 06965989 2022-10-31 06965989 core:CurrentFinancialInstruments 2023-10-31 06965989 core:CurrentFinancialInstruments 2022-10-31 06965989 core:Non-currentFinancialInstruments 2023-10-31 06965989 core:Non-currentFinancialInstruments 2022-10-31 06965989 core:ShareCapital 2023-10-31 06965989 core:ShareCapital 2022-10-31 06965989 core:RetainedEarningsAccumulatedLosses 2023-10-31 06965989 core:RetainedEarningsAccumulatedLosses 2022-10-31 06965989 core:FurnitureFittings 2022-10-31 06965989 core:FurnitureFittings 2023-10-31 06965989 2022-11-01 2023-10-31 06965989 bus:FilletedAccounts 2022-11-01 2023-10-31 06965989 bus:SmallEntities 2022-11-01 2023-10-31 06965989 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06965989 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06965989 bus:Director1 2022-11-01 2023-10-31 06965989 bus:Director2 2022-11-01 2023-10-31 06965989 core:FurnitureFittings 2022-11-01 2023-10-31 06965989 2021-11-01 2022-10-31 06965989 core:Non-currentFinancialInstruments 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 06965989 (England and Wales)

H THREE LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

H THREE LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

H THREE LIMITED

BALANCE SHEET

As at 31 October 2023
H THREE LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,415 678
1,415 678
Current assets
Stocks 12,850 9,495
Debtors 4 2,644 4,653
Cash at bank and in hand 58,968 49,989
74,462 64,137
Creditors: amounts falling due within one year 5 ( 31,913) ( 34,745)
Net current assets 42,549 29,392
Total assets less current liabilities 43,964 30,070
Creditors: amounts falling due after more than one year 6 ( 20,000) ( 20,000)
Net assets 23,964 10,070
Capital and reserves
Called-up share capital 2 2
Profit and loss account 23,962 10,068
Total shareholders' funds 23,964 10,070

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of H Three Limited (registered number: 06965989) were approved and authorised for issue by the Board of Directors on 30 July 2024. They were signed on its behalf by:

S Herbage
Director
H THREE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
H THREE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H Three Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 18 Church Street, Christchurch, Dorset, BH23 1BW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 November 2022 6,199 6,199
Additions 903 903
At 31 October 2023 7,102 7,102
Accumulated depreciation
At 01 November 2022 5,521 5,521
Charge for the financial year 166 166
At 31 October 2023 5,687 5,687
Net book value
At 31 October 2023 1,415 1,415
At 31 October 2022 678 678

4. Debtors

2023 2022
£ £
Corporation tax 2,644 2,554
Other debtors 0 2,099
2,644 4,653

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,276 8,981
Corporation tax 3,110 0
Other taxation and social security 7,539 8,587
Other creditors 18,988 17,177
31,913 34,745

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 20,000 20,000

There are no amounts included above in respect of which any security has been given by the small entity.