IRIS Accounts Production v24.2.0.383 08721706 Board of Directors 1.10.22 31.3.24 31.3.24 false true false false true false Ordinary Shares 1.00000 "A" Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087217062022-09-30087217062024-03-31087217062022-10-012024-03-31087217062021-09-30087217062021-10-012022-09-30087217062022-09-3008721706ns15:EnglandWales2022-10-012024-03-3108721706ns14:PoundSterling2022-10-012024-03-3108721706ns10:Director12022-10-012024-03-3108721706ns10:PrivateLimitedCompanyLtd2022-10-012024-03-3108721706ns10:SmallEntities2022-10-012024-03-3108721706ns10:AuditExempt-NoAccountantsReport2022-10-012024-03-3108721706ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012024-03-3108721706ns10:SmallCompaniesRegimeForAccounts2022-10-012024-03-3108721706ns10:FullAccounts2022-10-012024-03-3108721706ns10:OrdinaryShareClass12022-10-012024-03-3108721706ns10:OrdinaryShareClass22022-10-012024-03-3108721706ns10:Director22022-10-012024-03-3108721706ns10:RegisteredOffice2022-10-012024-03-3108721706ns5:CurrentFinancialInstruments2024-03-3108721706ns5:CurrentFinancialInstruments2022-09-3008721706ns5:ShareCapital2024-03-3108721706ns5:ShareCapital2022-09-3008721706ns5:RetainedEarningsAccumulatedLosses2024-03-3108721706ns5:RetainedEarningsAccumulatedLosses2022-09-3008721706ns5:FurnitureFittings2022-09-3008721706ns5:MotorVehicles2022-09-3008721706ns5:ComputerEquipment2022-09-3008721706ns5:FurnitureFittings2022-10-012024-03-3108721706ns5:MotorVehicles2022-10-012024-03-3108721706ns5:ComputerEquipment2022-10-012024-03-3108721706ns5:FurnitureFittings2024-03-3108721706ns5:MotorVehicles2024-03-3108721706ns5:ComputerEquipment2024-03-3108721706ns5:FurnitureFittings2022-09-3008721706ns5:MotorVehicles2022-09-3008721706ns5:ComputerEquipment2022-09-3008721706ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108721706ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3008721706ns10:OrdinaryShareClass12024-03-3108721706ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 08721706 (England and Wales)










Unaudited Cessation Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

Hervines Capital Limited

Hervines Capital Limited (Registered number: 08721706)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hervines Capital Limited

Company Information
for the Period 1 October 2022 to 31 March 2024







DIRECTORS: C D Babington
R S Ellis





REGISTERED OFFICE: St Mary’s Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT





REGISTERED NUMBER: 08721706 (England and Wales)





ACCOUNTANTS: Cansdales Business Advisers Limited
St Mary's Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT

Hervines Capital Limited (Registered number: 08721706)

Balance Sheet
31 March 2024

2024 2022
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 3 - 23,748

CURRENT ASSETS
Debtors 4 547 15,803
Cash at bank 3,812 43,241
4,359 59,044
CREDITORS
Amounts falling due within one year 5 (4,258 ) (13,610 )
NET CURRENT ASSETS 101 45,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

101

69,182

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 1 69,082
SHAREHOLDERS' FUNDS 101 69,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hervines Capital Limited (Registered number: 08721706)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





C D Babington - Director


Hervines Capital Limited (Registered number: 08721706)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 March 2024

1. ACCOUNTING POLICIES

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.The principal accounting policies adopted are set out below.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered .

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15 % on Straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 25 % on Straight line

TAXATION
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 balance sheet date.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Hervines Capital Limited (Registered number: 08721706)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024

1. ACCOUNTING POLICIES - continued

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 2,948 41,334 11,315 55,597
Disposals (2,948 ) (41,334 ) (11,316 ) (55,598 )
At 31 March 2024 - - (1 ) (1 )
DEPRECIATION
At 1 October 2022 2,447 18,087 11,315 31,849
Eliminated on disposal (2,447 ) (18,087 ) (11,316 ) (31,850 )
At 31 March 2024 - - (1 ) (1 )
NET BOOK VALUE
At 31 March 2024 - - - -
At 30 September 2022 501 23,247 - 23,748

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Trade debtors - 3,600
Corporation Tax Receivable - 151
VAT 547 12,052
547 15,803

Hervines Capital Limited (Registered number: 08721706)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Corporation tax 1,938 -
Other creditors - 10,274
Directors' current accounts 1,320 451
Accruals and deferred income 1,000 2,885
4,258 13,610

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: as restated
£    £   
50 Ordinary Shares 1 50 50
50 "A" Ordinary Shares 1 50 50
100 100