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Registration number: 14013982

HBS @ Home Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 April 2023 to 31 October 2023

 

HBS @ Home Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

HBS @ Home Limited

(Registration number: 14013982)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2023
£

Fixed assets

 

Investments

4

1,489,853

-

Current assets

 

Debtors

94,249

2

Cash at bank and in hand

 

151,329

-

 

245,578

2

Creditors: Amounts falling due within one year

5

(933,190)

-

Net current (liabilities)/assets

 

(687,612)

2

Total assets less current liabilities

 

802,241

2

Creditors: Amounts falling due after more than one year

6

(795,505)

-

Net assets

 

6,736

2

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

6,734

-

Total equity

 

6,736

2

For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 and the option not to file the Profit and Loss Account has been taken.

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

Approved and authorised by the Board on 5 September 2024 and signed on its behalf by:
 

Mrs H Manning

Director

Mr L Manson

Director

 

HBS @ Home Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 October 2023

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:
Scarning Lodge
Dereham Road
Scarning
Norfolk
NR19 2PP

These financial statements were authorised for issue by the Board on 5 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

Investments

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

 

HBS @ Home Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 October 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Investments

Total
£

Cost or valuation

Additions

1,489,853

Provision

Carrying amount

At 31 October 2023

1,489,853

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2023

Subsidiary undertakings

Swaffham Veterinary Centre Limited

England & Wales

Ordinary shares

100%

0%

Subsidiary undertakings

Swaffham Veterinary Centre Limited

The principal activity of Swaffham Veterinary Centre Limited is the provision of veterinary services.

 

HBS @ Home Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 October 2023

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £104,800.

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £795,505.

Creditors include bank loans repayable by instalments of £376,305 due after more than five years.