Registered number: 11549732
HTI HOLDINGS LTD
UNAUDITED
PAGES FOR FILING WITH REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024
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HTI HOLDINGS LTD
REGISTERED NUMBER: 11549732
BALANCE SHEET
AS AT 30 JUNE 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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HTI HOLDINGS LTD
REGISTERED NUMBER: 11549732
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
For the year ended 30 June 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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A Page
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The notes on pages 3 to 5 form part of these financial statements.
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HTI HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
HTI Holdings Limited is a private limited company, registered in the United Kingdom, domiciled in England and Wales. The registered office address is 1 Vincent Square, London, SW1P 2PN
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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HTI HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Investments in associates
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Amounts owed by group undertakings
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Called up share capital not paid
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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HTI HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Allotted, called up and fully paid
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248,374 (2023 - 248,370) Ordinary Shares shares of £0.001 each
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Related party transactions
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Included within debtors as at the year end is an amount of £1,549,556 (2023 - £1,190,056) owed from High-Tech Innovations Labs Limited, a subsidiary of the company.
Also included within creditors is an amount of £5,142 (2023: £5,142) owed to Ariadne Insight Limited, a subsidiary of the company.
There is no interest accruing on these amounts and there are no strict repayment terms in place.
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Post balance sheet events
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On 18 October 2024, the ordinary share capital of the company was sold to MDX Holdings Limited and therefore the ultimate controlling party has become MDX Holdings Limited.
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