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Registration number: 10522979

Hinterthal Financial Limited

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2024

 

Hinterthal Financial Limited

(Registration number: 10522979)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,660

2,834

Investments

5

297,018

267,061

 

301,678

269,895

Current assets

 

Debtors

6

694,169

372,743

Cash at bank and in hand

 

3,561

828

 

697,730

373,571

Creditors: Amounts falling due within one year

7

(927,631)

(588,894)

Net current liabilities

 

(229,901)

(215,323)

Total assets less current liabilities

 

71,777

54,572

Provisions for liabilities

(2,287)

(1,335)

Net assets

 

69,490

53,237

Capital and reserves

 

Called up share capital

100

100

Fair value reserve

9,147

5,340

Profit and loss account

60,243

47,797

Shareholders' funds

 

69,490

53,237

For the financial year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Hinterthal Financial Limited

(Registration number: 10522979)
Balance Sheet as at 5 April 2024

Approved and authorised by the Board on 2 January 2025 and signed on its behalf by:
 

.........................................
J O T Coulton
Director

 

Hinterthal Financial Limited

Statement of Changes in Equity for the Year Ended 5 April 2024

Share capital
£

Fair value reserve
£

Profit and loss account
£

Total
£

At 6 April 2023

100

5,340

47,797

53,237

Profit for the year

-

-

16,253

16,253

Other comprehensive income

-

3,807

(3,807)

-

Total comprehensive income

-

3,807

12,446

16,253

At 5 April 2024

100

9,147

60,243

69,490

Share capital
£

Fair value reserve
£

Profit and loss account
£

Total
£

At 6 April 2022

100

7,384

27,172

34,656

Profit for the year

-

-

18,581

18,581

Other comprehensive income

-

(2,044)

2,044

-

Total comprehensive income

-

(2,044)

20,625

18,581

At 5 April 2023

100

5,340

47,797

53,237


 



 

 

Hinterthal Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
54 Bootham
YORK
YO30 7XZ

These financial statements were authorised for issue by the Board on 2 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company has sufficient cash resources and liquid investments to cover current obligations including the loans from the director. The director has confirmed his support for a period of at least twelve months from the date of signing the balance sheet.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hinterthal Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Computer equipment

33% straight line

Investments

Listed investments are stated at market value as advised by the investment manager. Any unrealised gains or losses arising on the valuation of listed investments are taken to the fair value reserve via the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hinterthal Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Hinterthal Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 6 April 2023

11,279

11,279

Additions

4,625

4,625

At 5 April 2024

15,904

15,904

Depreciation

At 6 April 2023

8,445

8,445

Charge for the year

2,799

2,799

At 5 April 2024

11,244

11,244

Carrying amount

At 5 April 2024

4,660

4,660

At 5 April 2023

2,834

2,834

5

Investments

Investments
£

Total
£

Cost or valuation

At 6 April 2023

267,061

267,061

Fair value adjustments

3,807

3,807

Additions

42,071

42,071

Disposals

(15,921)

(15,921)

At 5 April 2024

297,018

297,018

Carrying amount

At 5 April 2024

297,018

297,018

At 5 April 2023

267,061

267,061

The investments are included at market value. The historic cost of investments is £285,983 (2023: £261,331).

 

Hinterthal Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

6

Debtors

Current

2024
£

2023
£

Prepayments

419

-

Other debtors

693,750

372,743

 

694,169

372,743

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,427

4,815

Accruals and deferred income

1,980

1,800

Other creditors

922,224

582,279

927,631

588,894