Registered number
06321919
H1 Interactive Limited
Cessation Accounts
30 September 2024
H1 Interactive Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6
H1 Interactive Limited
Company Information
Director
Mr D Kigundu
Accountants
The Accountancy Partnership
Twelve Quays House
Egerton Wharf
Wirral
CH41 1LD
Registered office
63 Hicks House
Frean Street
London
SE16 4AS
Registered number
06321919
H1 Interactive Limited
Registered number: 06321919
Director's Report
The director presents his report and accounts for the period ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be that of Graphics, Video Production and Music Production. The company ceased to trade on 30 September 2024.
Directors
The following persons served as directors during the period:
Mr D Kigundu
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 6 November 2024 and signed on its behalf.
Mr D Kigundu
Director
H1 Interactive Limited
Accountants' Report
Accountants' report to the director of
H1 Interactive Limited
You consider that the company is exempt from an audit for the period ended 30 September 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
The Accountancy Partnership
Twelve Quays House
Egerton Wharf
Wirral
CH41 1LD
6 November 2024
H1 Interactive Limited
Profit and Loss Account
for the period from 1 January 2024 to 30 September 2024
2024 2023
£ £
Administrative expenses (1,118) (1,254)
Operating loss (1,118) (1,254)
Loss on ordinary activities before taxation (1,118) (1,254)
Tax on loss on ordinary activities - -
Loss for the period (1,118) (1,254)
H1 Interactive Limited
Registered number: 06321919
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 - 745
Current assets
Debtors 3 - 183
Cash at bank and in hand 168 2
168 185
Creditors: amounts falling due within one year 4 (12,575) (12,219)
Net current liabilities (12,407) (12,034)
Net liabilities (12,407) (11,289)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (13,407) (12,289)
Shareholders' funds (12,407) (11,289)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Kigundu
Director
Approved by the board on 6 November 2024
H1 Interactive Limited
Notes to the Accounts
for the period from 1 January 2024 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 10,524
Disposals (10,524)
At 30 September 2024 -
Depreciation
At 1 January 2024 9,779
On disposals (9,779)
At 30 September 2024 -
Net book value
At 30 September 2024 -
At 31 December 2023 745
3 Debtors 2024 2023
£ £
Other debtors - 183
4 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares 75 -
Other creditors 12,500 12,219
12,575 12,219
5 Controlling party
D Kigundu, the director, has ultimate control of the company by virtue of his 60% holding of the issued share capital.
6 Other information
H1 Interactive Limited is a private company limited by shares and incorporated in England. Its registered office is:
63 Hicks House
Frean Street
London
SE16 4AS
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