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REGISTERED NUMBER: 06738557 (England and Wales)











AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HHV LIMITED

HHV LIMITED (REGISTERED NUMBER: 06738557)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HHV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Sakhamuri
N Sakhamuri





REGISTERED OFFICE: Unit 14 Lloyds Court
Manor Royal
Crawley
West Sussex
RH10 9QX





REGISTERED NUMBER: 06738557 (England and Wales)





INDEPENDENT AUDITORS: GBJ LLP
Statutory Auditor
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

HHV LIMITED (REGISTERED NUMBER: 06738557)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,522 9,488

CURRENT ASSETS
Stocks 299,135 277,717
Debtors 5 128,344 156,906
Cash at bank 499,434 514,724
926,913 949,347
CREDITORS
Amounts falling due within one year 6 367,627 371,415
NET CURRENT ASSETS 559,286 577,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,808

587,420

CAPITAL AND RESERVES
Called up share capital 8 31,000 31,000
Retained earnings 535,808 556,420
SHAREHOLDERS' FUNDS 566,808 587,420

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 Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





P Sakhamuri - Director


HHV LIMITED (REGISTERED NUMBER: 06738557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

HHV 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been rounded to the nearest pound (£).

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgement and estimates. The only items in the financial statements where these judgments and estimates have been made is in the depreciation rate of tangible fixed assets and provisions for doubtful debts.

Turnover and revenue recognition
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.

Revenue is recognised as and when the company is satisfies a performance obligation and the significant risks and rewards of ownership have been transferred to the customer, which may be upon shipment, delivery of goods to the customer, or post installation, based on specific contract terms.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvement on leasehold properties - Over the lease term
Office equipment and furniture- 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

HHV LIMITED (REGISTERED NUMBER: 06738557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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

Where the contractual obligations of financial instruments (including share capital) are equivalent to similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.

Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension are charged to profit or loss in the period to which they relate.

Going concern
The Ultimate parent company Hind High Vacuum Company Private Limited ("HHVCP") has confirmed that it intends to continue to provide sufficient funding to enable the company to meet its liabilities as they fall due and to carry on business for a period of at least twelve months from the date of approval of these accounts. The directors, having received this confirmation from HHVCP, have prepared the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from failure of HHVCP to provide the necessary financial support.

HHV LIMITED (REGISTERED NUMBER: 06738557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
Improvements equipment
to and
property furniture Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 11,958 5,255 17,213
DEPRECIATION
At 1 April 2023 2,474 5,251 7,725
Charge for year 1,962 4 1,966
At 31 March 2024 4,436 5,255 9,691
NET BOOK VALUE
At 31 March 2024 7,522 - 7,522
At 31 March 2023 9,484 4 9,488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,532 153,084
Other debtors 11,812 3,822
128,344 156,906

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,157 30,921
Amounts owed to group undertakings 138,419 96,656
Taxation and social security 44,555 91,752
Other creditors 166,496 152,086
367,627 371,415

7. LEASING AGREEMENTS
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £21,083 (2023: £44,083).

HHV LIMITED (REGISTERED NUMBER: 06738557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
31,000 Ordinary £1 31,000 31,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Hillier (Senior Statutory Auditor)
for and on behalf of GBJ LLP

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

Hind High Vacuum Company Pvt Ltd, a company registered in India, is regarded by the directors as being the company's parent and ultimate controlling party. The registered office of Hind High Vacuum Company Private Ltd is NO. 17, PHASE -1, PEENYA INDUSTIRAL AREA, BANGALORE - 560058, INDIA.