Company Registration No. 12385156 (England and Wales)
HAC Ventures Ltd
Unaudited accounts
for the year ended 31 January 2024
HAC Ventures Ltd
Unaudited accounts
Contents
HAC Ventures Ltd
Company Information
for the year ended 31 January 2024
Directors
Mr G T H J Archer
Mr J-P Chamberlain
Mr D W Herbert
Company Number
12385156 (England and Wales)
Registered Office
167-169 Great Portland Street
5th Floor
London
W1W 5PF
United Kingdom
Accountants
Loizou Associates Limited
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
HAC Ventures Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
22,334
20,604
Cash at bank and in hand
12,863
45,243
Creditors: amounts falling due within one year
(12,495)
(3,912)
Net current assets
8,219
49,556
Total assets less current liabilities
30,553
70,160
Creditors: amounts falling due after more than one year
(159,458)
(110,000)
Net liabilities
(128,905)
(39,840)
Called up share capital
8
6
Profit and loss account
(128,913)
(39,846)
Shareholders' funds
(128,905)
(39,840)
For the year ending 31 January 2024 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2024 and were signed on its behalf by
Mr G T H J Archer
Director
Company Registration No. 12385156
HAC Ventures Ltd
Notes to the Accounts
for the year ended 31 January 2024
HAC Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 12385156. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, United Kingdom.
Basis of preparing the accounts
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities as they fall due.
The presentation currency of the accounts is the Pound Sterling (£).
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the accounts. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
HAC Ventures Ltd
Notes to the Accounts
for the year ended 31 January 2024
3
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
27,322
150
27,472
At 31 January 2024
36,496
150
36,646
At 1 February 2023
6,831
37
6,868
Charge for the year
7,416
28
7,444
At 31 January 2024
14,247
65
14,312
At 31 January 2024
22,249
85
22,334
At 31 January 2023
20,491
113
20,604
Amounts falling due within one year
Accrued income and prepayments
2,608
2,457
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,082
1,200
Taxes and social security
2,925
1,462
Loans from directors
4,573
-
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
159,458
110,000
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).