Period from 1 February 2024 to
Registration number:
HAP (Holdings) Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
HAP (Holdings) Limited
Balance Sheet
30 November 2024
Note |
2024 |
2024 |
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Fixed assets |
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Tangible assets |
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Other financial assets |
121,778 |
112,167 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
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Shareholders' funds |
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HAP (Holdings) Limited
Balance Sheet
30 November 2024
For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 10613021
HAP (Holdings) Limited
Notes to the Unaudited Financial Statements
Period from 1 February 2024 to 30 November 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
44 Higher Warborough Road
Galmpton
BRIXHAM
TQ5 0PF
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006.
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.
The functional and presentational currency is pounds sterling.
Going concern
In the opinion of the directors, the company has sufficient sufficient support of its members to continue to operate for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
HAP (Holdings) Limited
Notes to the Unaudited Financial Statements
Period from 1 February 2024 to 30 November 2024
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
25% reducing balance |
Office equipment |
25% reducing balance |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
HAP (Holdings) Limited
Notes to the Unaudited Financial Statements
Period from 1 February 2024 to 30 November 2024
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances,
• Investments.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Investments where they are publicly traded or their fair value can be measured reliably are measured at fair value through the profit and loss account. The fair value has been measured at the quoted market price at the balance sheet date. Investments where the fair value cannot be measured reliably are measured at cost less impairment.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Unrealised gains / (losses) |
The profit and loss account includes unrealised gains / (losses) on fixed asset investments.
HAP (Holdings) Limited
Notes to the Unaudited Financial Statements
Period from 1 February 2024 to 30 November 2024
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 February 2024 |
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- |
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Additions |
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At 30 November 2024 |
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Depreciation |
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At 1 February 2024 |
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- |
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Charge for the period |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 31 January 2024 |
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- |
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Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Valuation |
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At 1 February 2024 |
112,167 |
112,167 |
Additions |
1,348 |
1,348 |
Fair value adjustments |
8,263 |
8,263 |
At 30 November 2024 |
121,778 |
121,778 |
Impairment |
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Carrying amount |
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At 30 November 2024 |
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121,778 |
HAP (Holdings) Limited
Notes to the Unaudited Financial Statements
Period from 1 February 2024 to 30 November 2024
Creditors |
Creditors: amounts falling due within one year
30 November |
31 January |
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Due within one year |
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Trade creditors |
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Taxation and social security |
- |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
30 November |
31 January |
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No. |
£ |
No. |
£ |
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100 |
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100 |