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HC19 Limited
Registered Number:02962847
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
HC19 Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
02962847
As at 31 March 2024
HC19 Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,496
2,576
2
3
20,500
-
Investment property
21,996
2,576
Current assets
Trade and other receivables
81,029
119,216
4
107,276
Cash and cash equivalents
27,469
146,685
188,305
Trade and other payables: amounts falling due within one
year
(73,147)
(41,378)
5
115,158
105,307
Net current assets
Total assets less current liabilities
127,303
117,734
Trade and other payables: amounts falling due after more
than one year
(22,418)
(4,667)
6
(374)
(644)
Provisions for liabilities
122,262
Net assets
94,672
Capital and reserves
Called up share capital
2
2
Retained earnings
122,260
94,670
122,262
94,672
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S Saltoun Director
These financial statements were approved and authorised for issue by the Board on 06 November 2024 and were signed by:
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4
Registered Number :
02962847
For the year ended 31 March 2024
HC19 Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
HC19 Limited
Notes to the Financial Statements
Statutory Information
HC19 Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
02962847.
Registered address:
7 Stean Street,
London
E8 4ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Intangible assets
Intangible assets are capitalised and amortised over its useful life of four years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25%, 50% & 100% Straight line
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price.
Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
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6
For the year ended 31 March 2024
HC19 Limited
Notes to the Financial Statements Continued
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity
instruments are recognised as liabilities once they are no longer at the discretion of the company.
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 April 2023
55,977
At 31 March 2024
55,977
Provision for depreciation and impairment
At 01 April 2023
53,401
Charge for year
1,080
At 31 March 2024
54,481
At 31 March 2024
Net book value
1,496
At 31 March 2023
2,576
3. Investment property
Total
£
Fair value
Additions
20,500
At 31 March 2024
20,500
Net book value
At 31 March 2024
20,500
At the balance sheet date the company owned two investment properties
4. Trade and other receivables
2023
2024
£
£
Trade debtors
216
56,104
Amounts owed by group undertakings and participating interests
119,000
18,000
Prepayments and accrued income
-
183
Taxation and social security
-
5,571
Other debtors
-
1,171
81,029
119,216
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7
For the year ended 31 March 2024
HC19 Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
11,245
9,953
Trade creditors
-
299
Taxation and social security
9,249
46,234
Accruals and deferred income
1,836
8,516
Directors' loan accounts
19,048
8,145
41,378
73,147
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
4,667
22,418
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 4)
8. Parent-subsidiary relationship
The parent company is SDSN Holdings Limited whose registered office is 7 Stean Street, London, E8 4ED.
9. Change of name
Since the last accounting period, the company has had a change of name from UK B Net Sales Limited to HC19 Limited.
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