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Company No: 08080238 (England and Wales)

HERTS INVESTMENT HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

HERTS INVESTMENT HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

HERTS INVESTMENT HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2023
HERTS INVESTMENT HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2023
DIRECTORS A Pabani
A F A Pabani
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 08080238 (England and Wales)
ACCOUNTANT Gravita Business Services Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
HERTS INVESTMENT HOLDINGS LIMITED

BALANCE SHEET

As at 30 September 2023
HERTS INVESTMENT HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 1,000,000 1,000,000
1,000,000 1,000,000
Creditors: amounts falling due within one year 4 ( 9,641) ( 7,947)
Net current liabilities (9,641) (7,947)
Total assets less current liabilities 990,359 992,053
Net assets 990,359 992,053
Capital and reserves
Called-up share capital 1 1
Share premium account 999,999 999,999
Profit and loss account ( 9,641 ) ( 7,947 )
Total shareholder's funds 990,359 992,053

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Herts Investment Holdings Limited (registered number: 08080238) were approved and authorised for issue by the Board of Directors on 21 January 2025. They were signed on its behalf by:

A Pabani
Director
HERTS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
HERTS INVESTMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Herts Investment Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The company has taken advantage of the exemption, under the terms of FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries/entities within the group.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 1,000,000 1,000,000

Investments in subsidiaries

2023
£
Cost
At 01 October 2022 1,000,000
At 30 September 2023 1,000,000
Carrying value at 30 September 2023 1,000,000
Carrying value at 30 September 2022 1,000,000

Investments in shares

Name of entity Registered office Class of
shares
Ownership
30.09.2023
Ownership
30.09.2022
Held
Herts Real Estate Limited 2 Leman Street, London, United Kingdom,E1W 9US Ordinary 100.00% 100.00% Direct
Leafenoy Limited 2 Leman Street, London, United Kingdom,E1W 9US Ordinary 100.00% 100.00% Direct

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,186 2,186
Amounts owed to Group undertakings 6,205 4,761
Other creditors 1,250 1,000
9,641 7,947