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REGISTERED NUMBER: 08584812 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 June 2024

for


Henika Limited


Henika Limited (Registered number: 08584812)







Contents of the Financial Statements

for the Year Ended 30 June 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Henika Limited


Company Information

for the Year Ended 30 June 2024









DIRECTOR:

C Reid







REGISTERED OFFICE:

1st Floor, Spitalfields House


Stirling Way


Borehamwood


Hertfordshire


WD6 2FX







REGISTERED NUMBER:

08584812 (England and Wales)







ACCOUNTANTS:

TC Group


First Floor


Spitalfields House


Stirling Way


Borehamwood


Hertfordshire


WD6 2FX


Henika Limited (Registered number: 08584812)


Balance Sheet

30 June 2024



30.6.24


30.6.23


Notes

£   

£   


FIXED ASSETS

Property, plant and equipment

4

89,189


119,029



Investments

5

587,470


553,469



676,659


672,498




CURRENT ASSETS

Debtors

6

48,960


38,630



Prepayments and accrued income

706


800



Cash at bank

9,857


6,505



59,523


45,935



CREDITORS

Amounts falling due within one year

7

(303,744

)

(230,970

)


NET CURRENT LIABILITIES

(244,221

)

(185,035

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

432,438


487,463




CREDITORS

Amounts falling due after more than one

year

8

(10,833

)

(20,833

)



PROVISIONS FOR LIABILITIES

(22,297

)

(22,616

)


NET ASSETS

399,308


444,014




CAPITAL AND RESERVES

Called up share capital

10

1,000


1,000



Retained earnings

398,308


443,014



SHAREHOLDERS' FUNDS

399,308


444,014




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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.


Henika Limited (Registered number: 08584812)


Balance Sheet - continued

30 June 2024



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 Profit and loss account has not been delivered.


The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:






C Reid - Director



Henika Limited (Registered number: 08584812)


Notes to the Financial Statements

for the Year Ended 30 June 2024


1.

STATUTORY INFORMATION



Henika 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.

ACCOUNTING POLICIES



Basis of preparing the financial statements


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



Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.


Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings - 33% on cost
Motor vehicle - 20% on cost


Investments in associates


Investment in Associates and Joint Ventures are held at cost less impairment.



Valuation of investments



Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to fair value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at fair value less impairment.


Henika Limited (Registered number: 08584812)


Notes to the Financial Statements - continued

for the Year Ended 30 June 2024


2.

ACCOUNTING POLICIES - continued



Financial instruments

The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


Henika Limited (Registered number: 08584812)


Notes to the Financial Statements - continued

for the Year Ended 30 June 2024


2.

ACCOUNTING POLICIES - continued


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.


Interest income


Interest income is recognised in profit or loss using the effective interest method.



Finance costs


Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.



Borrowing costs


All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2023 - 1 ) .


4.

PROPERTY, PLANT AND EQUIPMENT


Fixtures



and


Motor



fittings


vehicles


Totals

£   

£   

£   



COST


At 1 July 2023


and 30 June 2024

19,529


122,815


142,344




DEPRECIATION


At 1 July 2023

9,525


13,790


23,315




Charge for year

5,277


24,563


29,840




At 30 June 2024

14,802


38,353


53,155




NET BOOK VALUE


At 30 June 2024

4,727


84,462


89,189




At 30 June 2023

10,004


109,025


119,029




Henika Limited (Registered number: 08584812)


Notes to the Financial Statements - continued

for the Year Ended 30 June 2024


5.

FIXED ASSET INVESTMENTS


Interest



in


Unlisted



associate


investments


Totals

£   

£   

£   



COST


At 1 July 2023

1


553,468


553,469




Additions

1


34,000


34,001




At 30 June 2024

2


587,468


587,470




NET BOOK VALUE


At 30 June 2024

2


587,468


587,470




At 30 June 2023

1


553,468


553,469




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.6.24


30.6.23

£   

£   



Trade debtors

48,960


-




Amounts owed by participating interests

-


36,925




Other debtors

-


1,705



48,960


38,630




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.6.24


30.6.23

£   

£   



Bank loans and overdrafts (see note 9)

10,000


10,000




Trade creditors

1,846


13




Amounts owed to participating interests

25,669


-




Taxation and social security

19,547


133




Other creditors

246,682


220,824



303,744


230,970




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



30.6.24


30.6.23

£   

£   



Bank loans (see note 9)

10,833


20,833




9.

LOANS



An analysis of the maturity of loans is given below:



30.6.24


30.6.23

£   

£   



Amounts falling due within one year or on demand:


Bank loans

10,000


10,000





Amounts falling due between one and two years:


Bank loans - 1-2 years

10,000


10,000




Henika Limited (Registered number: 08584812)


Notes to the Financial Statements - continued

for the Year Ended 30 June 2024


9.

LOANS - continued


30.6.24


30.6.23

£   

£   



Amounts falling due between two and five years:


Bank loans - 2-5 years

833


10,833




10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30.6.24


30.6.23


value:

£   

£   



1,000

Ordinary

£1

1,000


1,000




11.

RELATED PARTY DISCLOSURES



Included in creditors falling due within one year is an amount of £220,791 (2023: £212,877) owed to the company's director.



Also included in creditors falling due within one year is an amount of £25,669 (2023: £Nil) owed to connected companies.



These companies are connected by virtue of having a director in common. Amounts outstanding arise by virtue of financing transactions. These amounts are unsecured, interest free and due within one year.