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REGISTERED NUMBER: 12737248 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

HV Apartments Limited

HV Apartments Limited (Registered number: 12737248)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


HV Apartments Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr C P Rading
Mr L Klemos





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 12737248 (England and Wales)

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
HV Apartments Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HV Apartments Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of HV Apartments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HV Apartments Limited and state those matters that we have agreed to state to the Board of Directors of HV Apartments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HV Apartments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that HV Apartments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HV Apartments Limited. You consider that HV Apartments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HV Apartments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HSA & Co
Chartered Accountants
Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF


Date: .............................................

HV Apartments Limited (Registered number: 12737248)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 130 28,070
Cash at bank 4,602 19,859
4,732 47,929
CREDITORS
Amounts falling due within one year 6 44,659 14,675
NET CURRENT (LIABILITIES)/ASSETS (39,927 ) 33,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,927

)

33,254

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (40,027 ) 33,154
(39,927 ) 33,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:




Mr C P Rading - Director



Mr L Klemos - Director


HV Apartments Limited (Registered number: 12737248)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

HV Apartments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The Directors have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the company to continue as a going concern. The Directors have made this assessment for a period of at least one year from the date of approval of the financial statements.

The parent company has indicated that it is intending to sell the premises that are let and managed by the company - the company's principal activity. Should this sale complete, it would result in the loss of the company's primary source of income. At the date of approval of these financial statements, no contracts have been exchanged, and there is no certainty that the sale will proceed.

As such, the company can expect to be able to meet its liabilities as they fall due in the period of at least 12 months from the date of approval of these accounts. However, the Directors acknowledge that the intention to sell the premises represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. Accordingly, the financial statements do not include any adjustments that would result from the company not being able to meet its liabilities and as a result, the financial statements have 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


HV Apartments Limited (Registered number: 12737248)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

4. EMPLOYEES AND DIRECTORS

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 24,850
Other debtors 130 3,220
130 28,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 38,630 -
Taxation and social security 1,947 10,700
Other creditors 4,082 3,975
44,659 14,675

7. PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Heimdall Ventures Ltd, a company registered in England and Wales.

Heimdall Ventures Ltd is the ultimate controlling party of the company.

HV Apartments Limited (Registered number: 12737248)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. POST BALANCE SHEET EVENTS

The company has been informed that its parent company, Heimdall Ventures Ltd, is intending to sell the premises which the company lets out as its primary source of income. At the date of approval of these financial statements, no contracts have been exchanged, and the sale remains under discussion.

If the sale completes, it would result in the company losing its main source of income. The Directors are actively assessing the implications of this potential sale on the company's future operations and financial position.

As the sale remains uncertain and no binding agreements have been entered into, no adjustments have been made to these financial statements in respect of this event. The Directors will continue to monitor developments and take appropriate action as necessary.