HEADGEAR INVESTMENTS LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 DECEMBER 2023 | |
HEADGEAR INVESTMENTS LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 | |||
DIRECTORS | |||
A A Duma | |||
S Debson | |||
SECRETARY | |||
A A Duma | |||
REGISTERED OFFICE | |||
10 Greville House Lower Road Harrow on the Hill Middlesex HA2 0HB |
|||
COMPANY REGISTERED NUMBER | |||
03297518 | |||
BANKERS | |||
Metro Bank | |||
ACCOUNTANTS | |||
D.M.Wise Limited | |||
Chartered Certified Accountants | |||
10 Greville House Lower Road Harrow on the Hill Middlesex HA2 0HB |
|||
CONTENTS | |||
Pages | |||
2 | Abridged Statement of Financial Position | ||
3-5 | Notes to the Financial Statements | ||
page 1 | |
Company registered number: |
|||||
ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
|||||
Note | 2023 | 2022 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Investment property | |||||
CURRENT ASSETS | |||||
Debtors | |||||
Financial assets | 4 | ||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 5 | ||||
NET CURRENT ASSETS | |||||
TOTAL ASSETS LESS CURRENT LIABILITIES | |||||
PROVISIONS FOR LIABILITIES | 6 | ( |
( |
||
NET ASSETS | £ |
£ |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Share premium account | |||||
Revaluation reserve | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
|||
In approving these financial statements as directors of the company we hereby confirm the following: | |||
All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444 (2A) of the Companies Act 2006 | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered |
|||
The financial statements were approved and authorised for issue by the board of directors on |
|||
Signed on behalf of the board of directors | |||
page 2 | |
HEADGEAR INVESTMENTS LIMITED | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Headgear Investments Limited is a Limited Company incorporated in |
||||
Registered office: | ||||
Lower Road Harrow on the Hill Middlesex HA2 0HB |
||||
These financial statements are the first financial statements that comply with FRS 102. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Taxation | |||
1e. | Investment property | ||
and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. |
|||
page 3 | |
HEADGEAR INVESTMENTS LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1f. | Short term debtors and creditors | |||
1g. | Cash and cash equivalents | |||
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2023 | 2022 | ||
No. | No. | ||
Management and administration | |||
3. | FIXED ASSETS | ||
Investment | Total | ||
property | |||
£ | £ | ||
Cost or valuation | |||
At 1 January 2023 | 2,700,000 | ||
At 31 December 2023 | 2,700,000 | ||
Provision for depreciation, | |||
amortisation and impairment | |||
At 31 December 2023 | - | - | |
Net Book Value | |||
At 31 December 2023 | |||
At 31 December 2022 | |||
4. | FINANCIAL ASSETS | 2023 | 2022 |
£ | £ | ||
Listed investments | |||
Unlisted investments | |||
£ |
£ |
||
page 4 | |
HEADGEAR INVESTMENTS LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2023 | 2022 | ||
£ | £ | ||
Shareholder's loan | 172,207 | 185,343 | |
Corporation tax | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
||
6. | PROVISIONS FOR LIABILITIES | |
Deferred tax | ||
£ | ||
At 1 January 2023 | ||
Additions during the year | ||
At 31 December 2023 | ||
The provision for deferred taxation is made up of future chargeable gains. |
7. | RELATED PARTY TRANSACTIONS | ||
Included in creditors at 31 December 2023 is an amount of £172,207 (2022 - £185,343) representing amounts loaned to the company by a shareholder. The loan is provided interest free and is repayable on demand. | |||
Also included in creditors at 31 December 2023 ia an amount £200 (2022 - £200) owed to director of the company. This balance had been advanced to the company on an interest free basis and is repayable on demand. | |||
page 5 |