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Registration number: SC751379

HEA Holdings Ltd

Unaudited Filleted Financial Statements

for the Period from 24 November 2022 to 30 November 2023

 

HEA Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

HEA Holdings Ltd

Company Information

Directors

Mr Sanjay Mantry

Dr Dipali Mantry

Dr Jonathan James Ross

Mrs Sarah Elizabeth Ross

Registered office

27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD

Accountants

Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD

 

HEA Holdings Ltd

(Registration number: SC751379)
Balance Sheet as at 30 November 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

72,818

Current assets

 

Cash at bank and in hand

 

100

Creditors: Amounts falling due within one year

5

(83,301)

Net current liabilities

 

(83,201)

Net liabilities

 

(10,383)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(10,483)

Shareholders' deficit

 

(10,383)

For the financial period ending 30 November 2023 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 period 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.

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 2 August 2024 and signed on its behalf by:
 

.........................................
Mr Sanjay Mantry
Director

.........................................
Dr Jonathan James Ross
Director

 

HEA Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD
United Kingdom

The principal place of business is:
64 Fountainhall Road
Edinburgh
East Lothian
EH9 2LP
Scotland

These financial statements were authorised for issue by the Board on 2 August 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 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 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.

The company is not directly impacted by Brexit.

The accounts are presented in £GBP and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The balance sheet has net liabilities of £10,383 at the year end. The shareholders have indicated that sufficient funds will be made available to the company to cover the position.

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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

 

HEA Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 November 2023

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

72,818

72,818

At 30 November 2023

72,818

72,818

Depreciation

Carrying amount

At 30 November 2023

72,818

72,818

Included within the net book value of land and buildings above is £72,818 in respect of short leasehold land and buildings.
 

 

HEA Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 November 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Amounts owed to related parties

7

82,101

Accruals and deferred income

 

1,200

 

83,301

6

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary A shares of £1 each

40

40

Ordinary B shares of £1 each

40

40

Ordinary C shares of £1 each

10

10

Ordinary D shares of £1 each

10

10

100

100

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

Laser Vision Scotland Ltd has provided finance in the form of loans to the company. Both HEA Holdings Limited and Laser Vision Scotland Ltd have common shareholders and directors. These loans are interest free and there are no specific terms for repayment.