Company registration number 08778314 (England and Wales)
HEL PERFORMANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
HEL PERFORMANCE LIMITED
COMPANY INFORMATION
Directors
Mr S D Lane
Mrs A M Lane
Company number
08778314
Registered office
Lower Trelake Tedburn Road
Whitestone
Exeter
United Kingdom
EX4 2HF
Accountants
Bush & Co Limited
2 Barnfield Crescent
Exeter
EX1 1QT
HEL PERFORMANCE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
HEL PERFORMANCE LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
40,200
40,200
Current assets
Debtors
4
91,483
Cash at bank and in hand
100
100
91,583
100
Creditors: amounts falling due within one year
5
(128,161)
(35,741)
Net current liabilities
(36,578)
(35,641)
Net assets
3,622
4,559
Capital and reserves
Called up share capital
100
100
Retained earnings
3,522
4,459
Total equity
3,622
4,559
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
HEL PERFORMANCE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 September 2024 and are signed on its behalf by:
Mr S D Lane
Director
Company Registration No. 08778314
HEL PERFORMANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information
HEL Performance Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lower Trelake Tedburn Road, Whitestone, Exeter, United Kingdom, EX4 2HF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the balance sheet date the company had net current liabilities. The company is dependent on the continued support of its subsidiary. The directors are of the opinion that this support will not be removed for the foreseeable future, and it is therefore appropriate for the accounts to be prepared on a going concern basis. true
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.
HEL PERFORMANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
40,200
40,200
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
91,483
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
128,161
35,741
6
Related party transactions
Included in other creditors are amounts owed to a subsidiary of £127,232. The loan is interest free and carries no fixed terms of repayment.
Included in other debtors are amounts owed by the directors of £91,483. The loan is charged interest at HM Revenue & Customs' official rate of interest and carries no fixed terms of repayment.