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Registration number: 13336465

Hedgehog Invest Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 April 2024

 

Hedgehog Invest Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Hedgehog Invest Limited

Company Information

Directors

Mr RA Lamb

Mr M J Ward

Mr Marc Gion Wicki

Registered office

167-169 Great Portland Street
5TH Floor
Great Portland Street
London
W1W 5PF

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Hedgehog Invest Limited

(Registration number: 13336465)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

2,678

3,869

Tangible assets

5

12,497

25,232

Investments

6

1,890

-

 

17,065

29,101

Current assets

 

Debtors

10,735

16,971

Cash at bank and in hand

 

59,244

608,860

 

69,979

625,831

Creditors: Amounts falling due within one year

(42,183)

(100,424)

Net current assets

 

27,796

525,407

Total assets less current liabilities

 

44,861

554,508

Creditors: Amounts falling due after more than one year

7.1

(4,160,953)

(2,960,953)

Net liabilities

 

(4,116,092)

(2,406,445)

Capital and reserves

 

Called up share capital

8

109

109

Share premium reserve

1,624,529

1,624,529

Retained earnings

(5,740,730)

(4,031,083)

Shareholders' deficit

 

(4,116,092)

(2,406,445)

 

Hedgehog Invest Limited

(Registration number: 13336465)
Abridged Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 July 2024 and signed on its behalf by:
 

.........................................

Mr M J Ward
Director

 

Hedgehog Invest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
167-169 Great Portland Street
5TH Floor
Great Portland Street
London
W1W 5PF
England

These financial statements were authorised for issue by the Board on 26 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, based on the continued support of the company's bank and future financial projections. The directors remain fully committed to the company and forecasts that it will be able to meet its day to day working capital requirements to continue trading into the foreseeable future with his continued support. For this reason the directors consider that the going concern basis is appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hedgehog Invest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office Equipment

20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible asset

20% straight line

 

Hedgehog Invest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for the
impairment of trade debtors 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the company
does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Hedgehog Invest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 13).

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

5,952

At 30 April 2024

5,952

Amortisation

At 1 May 2023

2,083

Amortisation charge

1,191

At 30 April 2024

3,274

Carrying amount

At 30 April 2024

2,678

At 30 April 2023

3,869

 

Hedgehog Invest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

31,810

31,810

Disposals

(11,016)

(11,016)

At 30 April 2024

20,794

20,794

Depreciation

At 1 May 2023

6,578

6,578

Charge for the year

5,369

5,369

Eliminated on disposal

(3,650)

(3,650)

At 30 April 2024

8,297

8,297

Carrying amount

At 30 April 2024

12,497

12,497

At 30 April 2023

25,232

25,232

6

Investments

Total
£

Cost or valuation

Additions

1,890

Provision

Carrying amount

At 30 April 2024

1,890

7

Creditors

Creditors: amounts falling due after more than one year

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

4,160,953

2,960,953

 

Hedgehog Invest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £0.0001 each

1,088,300

109

1,088,300

109

         

9

Related party transactions

Key management personnel

Director

Summary of transactions with key management

During the year, the directors made unsecured, repayable on demand loans to the company. At the balance sheet date, the amount due from the company was £311,019 (2023 - £311,019).
 

Transactions with directors

2024

At 1 May 2023
£

At 30 April 2024
£

Mr M J Ward

Director Loan Account

311,019

311,019

2023

At 1 May 2022
£

At 30 April 2023
£

Mr M J Ward

Director Loan Account

311,019

311,019