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REGISTERED NUMBER: 12238624 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CLASS HR LTD

CLASS HR LTD (REGISTERED NUMBER: 12238624)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASS HR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mrs C Luke



REGISTERED OFFICE: 7 Hele Square
Hele
Exeter
Devon
EX5 4PN



REGISTERED NUMBER: 12238624 (England and Wales)



ACCOUNTANT: Simon Glendinning FCA
34 Westfield
Bradninch
Exeter
Devon
EX5 4QU



BANKERS: Natwest
Honiton (B)
94 High Street
Honiton
Devon
EX14 1JL

CLASS HR LTD (REGISTERED NUMBER: 12238624)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,692 3,650

CURRENT ASSETS
Debtors 5 1,200 3,706
Cash at bank 2,979 3,255
4,179 6,961
CREDITORS
Amounts falling due within one year 6 33,643 6,847
NET CURRENT (LIABILITIES)/ASSETS (29,464 ) 114
TOTAL ASSETS LESS CURRENT LIABILITIES 1,228 3,764

CREDITORS
Amounts falling due after more than
one year

7

(1,234

)

(3,051

)

PROVISIONS FOR LIABILITIES - (317 )
NET (LIABILITIES)/ASSETS (6 ) 396

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (7 ) 395
(6 ) 396

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

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

The director acknowledges her 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.

CLASS HR LTD (REGISTERED NUMBER: 12238624)

BALANCE SHEET - continued
30 SEPTEMBER 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 14 February 2025 and were signed by:





Mrs C Luke - Director


CLASS HR LTD (REGISTERED NUMBER: 12238624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Class HR Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.
Short leasehold - 20% on cost
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CLASS HR LTD (REGISTERED NUMBER: 12238624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Short Office Motor Computer
leasehold equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 2,476 2,078 - 813 5,367
Additions - - 36,301 1,048 37,349
Disposals - - - (329 ) (329 )
At 30 September 2024 2,476 2,078 36,301 1,532 42,387
DEPRECIATION
At 1 October 2023 495 816 - 406 1,717
Charge for year 495 189 9,075 383 10,142
Eliminated on disposal - - - (164 ) (164 )
At 30 September 2024 990 1,005 9,075 625 11,695
NET BOOK VALUE
At 30 September 2024 1,486 1,073 27,226 907 30,692
At 30 September 2023 1,981 1,262 - 407 3,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,200 600
Directors' current accounts - 3,106
1,200 3,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,920 1,920
Tax 3,244 3,366
Directors' current accounts 26,819 -
Accrued expenses 1,660 1,561
33,643 6,847

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 1,234 3,051

CLASS HR LTD (REGISTERED NUMBER: 12238624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,154 4,971

The bank loan is a Covid-19 bounce back loan, guaranteed by the Government.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mrs C Luke
Balance outstanding at start of year 3,106 6,273
Amounts advanced 15,615 13,954
Amounts repaid (18,721 ) (17,121 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,106

Loans are unsecured, interest free and repayable on demand.