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REGISTERED NUMBER: 13772543 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

HEO Robotics (UK) Ltd

HEO Robotics (UK) Ltd (Registered number: 13772543)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


HEO Robotics (UK) Ltd (Registered number: 13772543)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,573 1,582

Current assets
Debtors 5 11,548 -
Cash at bank 96,577 77,378
108,125 77,378
Creditors
Amounts falling due within one year 6 632,069 243,022
Net current liabilities (523,944 ) (165,644 )
Total assets less current liabilities (518,371 ) (164,062 )

Capital and reserves
Called up share capital 1 1
Retained earnings (518,372 ) (164,063 )
(518,371 ) (164,062 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HEO Robotics (UK) Ltd (Registered number: 13772543)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





W Crowe - Director


HEO Robotics (UK) Ltd (Registered number: 13772543)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

HEO Robotics (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13772543

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The liabilities of the company exceed the assets by £518,371 which is represented by related party transactions from the parent company. The parent company has confirmed that these amounts owed will only be repaid when the company is in a financial position to do so and will continue to provide any additional financial support that is needed. With this support the company is able to meet all other liabilities as they fall due and these financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
There is no current or deferred taxation reported in these financial statements. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HEO Robotics (UK) Ltd (Registered number: 13772543)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 2 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 July 2023 2,006
Additions 6,359
At 30 June 2024 8,365
Depreciation
At 1 July 2023 424
Charge for year 2,368
At 30 June 2024 2,792
Net book value
At 30 June 2024 5,573
At 30 June 2023 1,582

HEO Robotics (UK) Ltd (Registered number: 13772543)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 5,128 -
VAT 884 -
Prepayments 5,536 -
11,548 -

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,609 -
Amounts owed to group undertakings 605,310 220,310
Social security and other taxes 10,874 4,976
VAT - 9,351
Other creditors 14,276 8,385
632,069 243,022

7. Related party disclosures

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

8. Ultimate controlling party

The ultimate controlling party is High Earth Orbit Robotics Pty Ltd.