H CAPITAL LTD.

Company Registration Number:
10873861 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

H CAPITAL LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

H CAPITAL LTD.

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 1 1
Fixed assets
Intangible assets: 3 521,952 2,047,935
Tangible assets: 4 2,352 3,239
Investments: 5 52,478 41,734
Total fixed assets: 576,782 2,092,908
Current assets
Stocks: 135,322
Debtors:   835,488 43,015
Cash at bank and in hand: 870,417 83,270
Total current assets: 1,841,227 126,285
Creditors: amounts falling due within one year:   (76,654) (11,482)
Net current assets (liabilities): 1,764,573 114,803
Total assets less current liabilities: 2,341,356 2,207,712
Creditors: amounts falling due after more than one year:   (2,268,949) (2,171,459)
Total net assets (liabilities): 72,407 36,253
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 72,406 36,252
Shareholders funds: 72,407 36,253

The notes form part of these financial statements

H CAPITAL LTD.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 September 2024
and signed on behalf of the board by:

Name: Dean Federman
Status: Director

The notes form part of these financial statements

H CAPITAL LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

H CAPITAL LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

H CAPITAL LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 2,047,935
Disposals (1,519,453)
At 31 December 2023 528,482
Amortisation
At 01 January 2023 0
Charge for year 6,530
At 31 December 2023 6,530
Net book value
At 31 December 2023 521,952
At 31 December 2022 2,047,935

H CAPITAL LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 3,239
Additions 1,098
At 31 December 2023 4,337
Depreciation
At 01 January 2023 0
Charge for year 1,985
At 31 December 2023 1,985
Net book value
At 31 December 2023 2,352
At 31 December 2022 3,239

H CAPITAL LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

H Capital is a company investing in renewable energy, namely in Italy. The investments include: - 1 service company in Solar PV and BESS investments in Italy. - 1 company owning shares in SPVs which own Solar PV projects in Italy. Total fixed investments for the year amounted to £52,478.

H CAPITAL LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party:
Relationship:
Subsidiary of H Capital Ltd.
Description of the Transaction: Shareholder loan
£
Balance at 01 January 2023 1,970,420
Balance at 31 December 2023 468,279
Name of the related party:
Relationship:
Subsidiary of H Capital Ltd.
Description of the Transaction: Management Services Fees
£
Balance at 01 January 2023 0
Balance at 31 December 2023 173,810
Name of the related party:
Relationship:
Subsidiary of H Capital Ltd.
Description of the Transaction: IT Infrastructure & Service
£
Balance at 01 January 2023 0
Balance at 31 December 2023 86,905