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Registration number: 10663154

HEM Holdings Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 June 2024

 

HEM Holdings Limited

(Registration number: 10663154)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

4,222,605

4,222,605

Current assets

 

Debtors

5

888,993

631,993

Cash at bank and in hand

 

10,454

10,533

 

899,447

642,526

Creditors: Amounts falling due within one year

6

(2,299)

(304,742)

Net current assets

 

897,148

337,784

Net assets

 

5,119,753

4,560,389

Capital and reserves

 

Called up share capital

7

1,723

1,723

Share premium reserve

46,782

46,782

Retained earnings

5,071,248

4,511,884

Shareholders' funds

 

5,119,753

4,560,389

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 February 2025
 


Mr J A Lawton
Director

   
 

HEM Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

Registration number: 10663154.

The address of its registered office is:
15 Wentworth Road
South Park Industrial Estate
Scunthorpe
North Lincolnshire
DN17 2AX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the ground that it is a small sized group.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

HEM Holdings Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

4,222,605

4,222,605

Subsidiaries

£

Cost or valuation

At 1 July 2023

4,222,605

At 30 June 2024

4,222,605

Carrying amount

At 30 June 2024

4,222,605

At 30 June 2023

4,222,605

5

Debtors

Current

2024
£

2023
£

Amounts owed by related parties

888,993

631,993

 

HEM Holdings Limited

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

6

Creditors

2024
£

2023
£

Due within one year

Other payables

2,299

304,742

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1,723

1,723

1,723

1,723