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Registered number: 11350126
Heroes Rights
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 May 2024
Blayney Accountancy Limited
Suite 11, BSC
Innovation Quarter, Hood Road
Barry
Vale Of Glamorgan
CF62 5QN
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Income and Expenditure Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Directors Mrs Tammi Owen
Mr James Emyr Phillips
Mrs Lisa Evans
Secretary Mrs Tammi Owen
Company Number 11350126
Registered Office 44 Aneurin Road
Barry
Vale Of Glamorgan
CF63 4PP
Business The Gallery
2 Broad Street
Barry
Vale of Glamorgan
CF62 7AA
Accountants Blayney Accountancy Limited
Suite 11, BSC
Innovation Quarter, Hood Road
Barry
Vale Of Glamorgan
CF62 5QN
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 May 2024.
Principal Activity
The company's principal activity is that of providing services for people living with or affected by mental health and domestic abuse.
Directors
The directors who held office during the year were as follows:
Mrs Tammi Owen
Mr James Emyr Phillips
Mrs Lisa Evans
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has 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.
On behalf of the board
Mrs Tammi Owen
Director
17th February 2025
Page 2
Page 3
Accountant's Report
Report of the Accountant to the directors of Heroes Rights
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
17th February 2025
Blayney Accountancy Limited
Suite 11, BSC
Innovation Quarter, Hood Road
Barry
Vale Of Glamorgan
CF62 5QN
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Page 4
Income and Expenditure Account
2024 2023
Notes £ £
TURNOVER 37,404 31,283
Cost of sales (49,575 ) (55,682 )
GROSS DEFICIT (12,171 ) (24,399 )
Administrative expenses (208,363 ) (221,893 )
Other operating income 227,685 253,164
OPERATING SURPLUS 7,151 6,872
Interest payable and similar charges (7,151 ) (6,872 )
SURPLUS FOR THE FINANCIAL YEAR - -
The notes on pages 6 to 7 form part of these financial statements.
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Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 209,587 210,323
209,587 210,323
CURRENT ASSETS
Debtors 5 - 311
Cash at bank and in hand 52,192 115,562
52,192 115,873
Creditors: Amounts Falling Due Within One Year 6 (91,121 ) (130,319 )
NET CURRENT ASSETS (LIABILITIES) (38,929 ) (14,446 )
TOTAL ASSETS LESS CURRENT LIABILITIES 170,658 195,877
Creditors: Amounts Falling Due After More Than One Year 7 (170,658 ) (195,877 )
NET ASSETS - -
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Tammi Owen
Director
17th February 2025
The notes on pages 6 to 7 form part of these financial statements.
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Page 6
Notes to the Financial Statements
1. General Information
Heroes Rights is a private company, limited by guarantee, incorporated in England & Wales, registered number 11350126 . The registered office is 44 Aneurin Road, Barry, Vale Of Glamorgan, CF63 4PP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents grants received principally from WCVA and The National Lottery along with fundraising in the local community. Grants relating to specific projects are credited to the profit and loss account to the extent that the project has been completed, with any ongoing surplus funds being held as accrued income in other creditors to match against future project defrayment.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation provided for.
Fixtures & Fittings 18% Reducing Balance.
Computer Equipment 18% Reducing Balance.
2.4. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 9)
11 9
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 206,236 2,530 5,038 213,804
As at 31 May 2024 206,236 2,530 5,038 213,804
Depreciation
As at 1 June 2023 - 957 2,524 3,481
Provided during the period - 283 453 736
As at 31 May 2024 - 1,240 2,977 4,217
Net Book Value
As at 31 May 2024 206,236 1,290 2,061 209,587
As at 1 June 2023 206,236 1,573 2,514 210,323
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 311
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 22,909 14,581
Other taxes and social security 4,473 10,876
Net wages 4,419 2,523
Other creditors 449 500
Other creditors (employee pension) 1,566 1,916
Other creditors (staff loan) 400 400
Accruals and deferred income 56,905 99,523
91,121 130,319
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 170,658 195,877
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9. Asset Lock
The company is not generally permitted to use its profits or transfer any of its assets other than for full consideration or for the benefit of the community.
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