0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11918191 2023-04-01 2024-06-30 11918191 2024-06-30 11918191 2023-03-31 11918191 2022-04-01 2023-03-31 11918191 2023-03-31 11918191 2022-03-31 11918191 bus:Director2 2023-04-01 2024-06-30 11918191 bus:Director3 2023-04-01 2024-06-30 11918191 core:WithinOneYear 2024-06-30 11918191 core:WithinOneYear 2023-03-31 11918191 bus:Director2 2023-03-31 11918191 bus:Director2 2024-06-30 11918191 bus:Director3 2024-06-30 11918191 bus:Director2 2022-03-31 11918191 bus:Director2 2023-03-31 11918191 bus:Micro-entities 2023-04-01 2024-06-30 11918191 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 11918191 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 11918191 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 11918191 bus:FullAccounts 2023-04-01 2024-06-30
COMPANY REGISTRATION NUMBER: 11918191
Hydrophis UK Ltd
Filleted Unaudited Financial Statements
30 June 2024
Hydrophis UK Ltd
Statement of Financial Position
30 June 2024
Period from
1 Apr 23 to
Year to
30 Jun 24
31 Mar 23
£
£
Fixed assets
1
----
----
Current assets
135,149
247,053
Prepayments and accrued income
1,277
3,024
---------
---------
136,426
250,077
Creditors: amounts falling due within one year
336,302
23,725
---------
---------
Net current (liabilities)/assets
( 199,876)
226,352
---------
---------
Total assets less current liabilities
( 199,875)
226,352
---------
---------
Capital and reserves
( 199,875)
226,352
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2023: 1 ).
2. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
30 Jun 24
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr AW Pearce
( 15,000)
( 79,034)
( 94,034)
Dr GR Leighton
( 77,300)
( 77,300)
--------
---------
---------
( 15,000)
( 156,334)
( 171,334)
--------
---------
---------
31 Mar 23
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr AW Pearce
( 15,000)
( 15,000)
Dr GR Leighton
--------
----
--------
( 15,000)
( 15,000)
--------
----
--------
3. Other financial commitments
In March 2024 a 0% convertible loan note totalling £162,886 in the form of an advance subscription agreement ('ASA') was issued to new investors. The ASA is anticipated to convert at the next funding round at a 25% discount. The funds received are disclosed in creditors due within one year.
For the period ending 30 June 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2024 , and are signed on behalf of the board by:
Dr GR Leighton
Director
Company registration number: 11918191
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Burnham House, Splash Lane, Wyton, Huntingdon, PE28 2AF.