Company Registration No. 13207571 (England and Wales)
Hedera Group Limited
Unaudited accounts
for the year ended 29 February 2024
Hedera Group Limited
Unaudited accounts
Contents
Hedera Group Limited
Company Information
for the year ended 29 February 2024
Company Number
13207571 (England and Wales)
Registered Office
C/O O'Meara Fitzmaurice & Co
Brimstage Hall
Brimstage Road
Wirral
CH63 6JA
United Kingdom
Accountants
O'Meara Fitzmaurice & Co
Brimstage Hall
Brimstage Road
Wirral
CH63 6JA
Hedera Group Limited
Statement of financial position
as at 29 February 2024
Tangible assets
852,980
532,980
Cash at bank and in hand
7,032
5,900
Creditors: amounts falling due within one year
(360,556)
(229,435)
Net current liabilities
(353,524)
(223,535)
Total assets less current liabilities
537,956
347,945
Creditors: amounts falling due after more than one year
(615,159)
(375,159)
Net liabilities
(77,203)
(27,214)
Called up share capital
100
100
Profit and loss account
(77,303)
(27,314)
Shareholders' funds
(77,203)
(27,214)
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
J W Ackah
Director
Company Registration No. 13207571
Hedera Group Limited
Notes to the Accounts
for the year ended 29 February 2024
Hedera Group Limited is a private company, limited by shares, registered in England and Wales, registration number 13207571. The registered office is C/O O'Meara Fitzmaurice & Co, Brimstage Hall, Brimstage Road, Wirral, CH63 6JA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
526,500
5,150
1,330
532,980
Additions
320,000
-
-
320,000
At 29 February 2024
846,500
5,150
1,330
852,980
At 29 February 2024
-
-
-
-
At 29 February 2024
846,500
5,150
1,330
852,980
At 28 February 2023
526,500
5,150
1,330
532,980
5
Investments
Other investments
Valuation at 1 March 2023
38,500
Valuation at 29 February 2024
38,500
Hedera Group Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
13,933
Loans from directors
360,556
215,502
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
615,159
375,159
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).