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H2R LIMITED

Registered Number
05539002
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

H2R LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

RANSOME, Christine Louise
RANSOME, Philip Anthony

Company Secretary

RANSOME, Philip Anthony

Registered Address

Suite G04 1 Quality Court, Chancery Lane
London
WC2A 1HR

Registered Number

05539002 (England and Wales)
H2R LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,8102,278
1,8102,278
Current assets
Debtors416,38515,573
Cash at bank and on hand1,9105,091
18,29520,664
Creditors amounts falling due within one year5(5,273)(6,707)
Net current assets (liabilities)13,02213,957
Total assets less current liabilities14,83216,235
Net assets14,83216,235
Capital and reserves
Called up share capital100100
Profit and loss account14,73216,135
Shareholders' funds14,83216,235
The financial statements were approved and authorised for issue by the Board of Directors on 8 January 2025, and are signed on its behalf by:
RANSOME, Philip Anthony
Director
Registered Company No. 05539002
H2R LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 233,918
Additions132
At 31 August 244,049
Depreciation and impairment
At 01 September 231,640
Charge for year600
At 31 August 242,239
Net book value
At 31 August 241,810
At 31 August 232,278
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,3852,573
Other debtors14,00013,000
Total16,38515,573
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables145154
Taxation and social security4,8606,167
Other creditors268386
Total5,2736,707
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.