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COMPANY REGISTRATION NUMBER: 14659957
HS Invest Ltd
Filleted Unaudited Financial Statements
29 February 2024
HS Invest Ltd
Financial Statements
Period from 13 February 2023 to 29 February 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
HS Invest Ltd
Officers and Professional Advisers
Director
H Sachs
Registered office
The Black Barn
Wickhurst Farm
Leigh
Tonbridge
TN11 8PS
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
HS Invest Ltd
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of HS Invest Ltd
Period from 13 February 2023 to 29 February 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 29 February 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
HS Invest Ltd
Statement of Financial Position
29 February 2024
29 Feb 24
Note
£
Fixed assets
Investments
4
43
Current assets
Debtors
5
1
Creditors: amounts falling due within one year
6
463
----
Net current liabilities
462
----
Total assets less current liabilities
( 419)
----
Net liabilities
( 419)
----
Capital and reserves
Called up share capital
1
Profit and loss account
( 420)
----
Shareholders deficit
( 419)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 November 2024 , and are signed on behalf of the board by:
H Sachs
Director
Company registration number: 14659957
HS Invest Ltd
Notes to the Financial Statements
Period from 13 February 2023 to 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Black Barn, Wickhurst Farm, Leigh, Tonbridge, TN11 8PS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In my opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which I believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular I believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
4. Investments
Shares in participating interests
£
Cost
At 13 February 2023
Additions
43
----
At 29 February 2024
43
----
Impairment
At 13 February 2023 and 29 February 2024
----
Carrying amount
At 29 February 2024
43
----
The above amount represents a 32% holding in Cardino Limited.
5. Debtors
29 Feb 24
£
Other debtors
1
----
6. Creditors: amounts falling due within one year
29 Feb 24
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
43
Other creditors
420
----
463
----