Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-013falsefalseNo description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4194737 2023-04-01 2024-03-31 4194737 2022-04-01 2023-03-31 4194737 2024-03-31 4194737 2023-03-31 4194737 c:Director1 2023-04-01 2024-03-31 4194737 d:OfficeEquipment 2023-04-01 2024-03-31 4194737 d:OfficeEquipment 2024-03-31 4194737 d:OfficeEquipment 2023-03-31 4194737 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 4194737 d:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 4194737 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 4194737 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 4194737 d:CurrentFinancialInstruments 2024-03-31 4194737 d:CurrentFinancialInstruments 2023-03-31 4194737 d:Non-currentFinancialInstruments 2024-03-31 4194737 d:Non-currentFinancialInstruments 2023-03-31 4194737 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 4194737 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 4194737 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 4194737 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 4194737 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 4194737 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 4194737 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 4194737 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 4194737 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 4194737 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 4194737 d:ShareCapital 2024-03-31 4194737 d:ShareCapital 2023-03-31 4194737 d:RetainedEarningsAccumulatedLosses 2024-03-31 4194737 d:RetainedEarningsAccumulatedLosses 2023-03-31 4194737 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 4194737 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 4194737 c:OrdinaryShareClass1 2023-04-01 2024-03-31 4194737 c:OrdinaryShareClass1 2024-03-31 4194737 c:OrdinaryShareClass1 2023-03-31 4194737 c:OrdinaryShareClass2 2023-04-01 2024-03-31 4194737 c:OrdinaryShareClass2 2024-03-31 4194737 c:OrdinaryShareClass2 2023-03-31 4194737 c:OrdinaryShareClass3 2023-04-01 2024-03-31 4194737 c:OrdinaryShareClass3 2024-03-31 4194737 c:OrdinaryShareClass3 2023-03-31 4194737 c:OrdinaryShareClass4 2023-04-01 2024-03-31 4194737 c:OrdinaryShareClass4 2024-03-31 4194737 c:OrdinaryShareClass4 2023-03-31 4194737 c:OrdinaryShareClass5 2023-04-01 2024-03-31 4194737 c:OrdinaryShareClass5 2024-03-31 4194737 c:OrdinaryShareClass5 2023-03-31 4194737 c:FRS102 2023-04-01 2024-03-31 4194737 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 4194737 c:FullAccounts 2023-04-01 2024-03-31 4194737 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4194737 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 4194737 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 4194737 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 4194737










HERONS HEAD DYNAMICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024



 
HERONS HEAD DYNAMICS LIMITED
REGISTERED NUMBER: 4194737

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
44,877
20,308

Tangible assets
 5 
2,484
2,121

  
47,361
22,429

Current assets
  

Debtors: amounts falling due within one year
 6 
16,500
18,999

Cash at bank and in hand
 7 
35,900
45,409

  
52,400
64,408

Creditors: amounts falling due within one year
 8 
(40,813)
(44,737)

Net current assets
  
 
 
11,587
 
 
19,671

Total assets less current liabilities
  
58,948
42,100

Creditors: amounts falling due after more than one year
 9 
(22,750)
(27,083)

Provisions for liabilities
  

Deferred tax
 12 
(562)
(488)

  
 
 
(562)
 
 
(488)

Net assets
  
35,636
14,529


Capital and reserves
  

Called up share capital 
 13 
400
400

Profit and loss account
  
35,236
14,129

  
35,636
14,529


Page 1

 
HERONS HEAD DYNAMICS LIMITED
REGISTERED NUMBER: 4194737

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T S Wood
Director

Date: 14 October 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.


General information

Herons Head Dynamics Limited is a limited company incorporated in England and Wales. The Company’s registered office address is The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent, TN3 8AD.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets




Crypto- currency

£



Cost


At 1 April 2023
20,308


Additions
6,000


Revaluation surplus
18,569



At 31 March 2024

44,877






Net book value



At 31 March 2024
44,877



At 31 March 2023
20,308



Page 7

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
4,935


Additions
958



At 31 March 2024

5,893



Depreciation


At 1 April 2023
2,814


Charge for the year on owned assets
595



At 31 March 2024

3,409



Net book value



At 31 March 2024
2,484



At 31 March 2023
2,121


6.


Debtors

2024
2023
£
£


Trade debtors
16,500
18,999



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
35,900
45,409


Page 8

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,333
4,333

Taxation and social security
30,752
29,718

Directors loan account
4,103
8,128

Other creditors
1,625
2,558

40,813
44,737



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,750
27,083



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,333
4,333

Amounts falling due 1-2 years

Bank loans
4,333
4,333

Amounts falling due 2-5 years

Bank loans
13,000
13,000

Amounts falling due after more than 5 years

Bank loans
5,417
9,750

27,083
31,416


Page 9

 
HERONS HEAD DYNAMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
35,900
45,409




Financial assets measured at fair value through profit or loss comprise cash held.


12.


Deferred taxation




2024


£






At beginning of year
(488)


Charged to profit or loss
(74)



At end of year
(562)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(562)
(488)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary shares of £1.00 each
200
200
50 (2023 - 50) A Ordinary shares of £1.00 each
50
50
50 (2023 - 50) B Ordinary shares of £1.00 each
50
50
50 (2023 - 50) C Ordinary shares of £1.00 each
50
50
50 (2023 - 50) D Ordinary shares of £1.00 each
50
50

400

400



Page 10