Caseware UK (AP4) 2023.0.135 2023.0.135 1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falsetrue1true 13883482 2023-04-01 2024-03-31 13883482 2022-08-01 2023-03-31 13883482 2024-03-31 13883482 2023-03-31 13883482 c:Director1 2023-04-01 2024-03-31 13883482 d:CurrentFinancialInstruments 2024-03-31 13883482 d:CurrentFinancialInstruments 2023-03-31 13883482 d:Non-currentFinancialInstruments 2024-03-31 13883482 d:Non-currentFinancialInstruments 2023-03-31 13883482 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13883482 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13883482 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13883482 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13883482 d:ShareCapital 2024-03-31 13883482 d:ShareCapital 2023-03-31 13883482 d:RetainedEarningsAccumulatedLosses 2024-03-31 13883482 d:RetainedEarningsAccumulatedLosses 2023-03-31 13883482 c:FRS102 2023-04-01 2024-03-31 13883482 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13883482 c:FullAccounts 2023-04-01 2024-03-31 13883482 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13883482 6 2023-04-01 2024-03-31 13883482 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 13883482













Hecros Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
Hecros Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,411,778
1,411,778

  
1,411,778
1,411,778

Current assets
  

Debtors
 5 
3,895
3,895

Cash at bank and in hand
  
791
2,588

  
4,686
6,483

Creditors: amounts falling due within one year
 6 
(1,017,271)
(963,449)

Net current liabilities
  
 
 
(1,012,585)
 
 
(956,966)

Total assets less current liabilities
  
399,193
454,812

Creditors: amounts falling due after more than one year
 7 
(455,801)
(474,561)

  

Net liabilities
  
(56,608)
(19,749)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(56,708)
(19,849)

Shareholders' deficit
  
(56,608)
(19,749)


1

 
Hecros Limited

    
Balance sheet (continued)
At 31 March 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2024.




Z Recape
Director

Registered number: 13883482
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Hecros Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

Hecros Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is 2nd Floor, Citygate, St. James Boulevard, Newcastle upon Tyne, Tyne and Wear, NE1 4JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash
3

 
Hecros Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023: 1).

4

 
Hecros Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,411,778



At 31 March 2024
1,411,778





5.


Debtors

2024
2023
£
£


Other debtors
3,895
3,895

3,895
3,895



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
19,783
20,803

Amounts owed to group undertakings
774,063
633,392

Other creditors
223,425
309,254

1,017,271
963,449



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
455,801
474,561

455,801
474,561


5

 
Hecros Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

8.


Related party transactions

During the period, the company operated on normal commercial terms with Reigate Specialist Orthodontic Practice Ltd. The amount owed to Reigate Specialist Orthodontic Practice Ltd at 31 March 2024 was £774,063 (2023: £633,392 due to Reigate Specialist Orthodontic Practice Ltd).

 
6