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REGISTERED NUMBER: 04914669 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HEARTS INVESTMENTS LIMITED

HEARTS INVESTMENTS LIMITED (REGISTERED NUMBER: 04914669)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HEARTS INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: D Harris
J C Harris





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 04914669 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

HEARTS INVESTMENTS LIMITED (REGISTERED NUMBER: 04914669)

STATEMENT OF FINANCIAL POSITION
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,555 120,383
Investments 5 303 405
109,858 120,788

CURRENT ASSETS
Debtors 6 299,666 306,919
Cash at bank 443 3,430
300,109 310,349
CREDITORS
Amounts falling due within one year 7 88,418 62,706
NET CURRENT ASSETS 211,691 247,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,549

368,431

CREDITORS
Amounts falling due after more than one
year

8

(12,387

)

(22,387

)

PROVISIONS FOR LIABILITIES (15,933 ) (13,953 )
NET ASSETS 293,229 332,091

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 292,929 331,791
SHAREHOLDERS' FUNDS 293,229 332,091

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

HEARTS INVESTMENTS LIMITED (REGISTERED NUMBER: 04914669)

STATEMENT OF FINANCIAL POSITION - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





D Harris - Director


HEARTS INVESTMENTS LIMITED (REGISTERED NUMBER: 04914669)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Hearts Investments 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Hearts Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 20% straight line on cost
Fixtures & fittings - 10% straight line on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost and are reviewed regularly for impairment.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


HEARTS INVESTMENTS LIMITED (REGISTERED NUMBER: 04914669)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Impairment
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 27,136 235,751 262,887
Additions - 22,665 22,665
Disposals - (19,330 ) (19,330 )
At 30 April 2024 27,136 239,086 266,222
DEPRECIATION
At 1 May 2023 12,015 130,489 142,504
Charge for year 1,512 25,595 27,107
Eliminated on disposal - (12,944 ) (12,944 )
At 30 April 2024 13,527 143,140 156,667
NET BOOK VALUE
At 30 April 2024 13,609 95,946 109,555
At 30 April 2023 15,121 105,262 120,383

HEARTS INVESTMENTS LIMITED (REGISTERED NUMBER: 04914669)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 405
Disposals (102 )
At 30 April 2024 303
NET BOOK VALUE
At 30 April 2024 303
At 30 April 2023 405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 299,666 306,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,633 2,718
Amounts owed to group undertakings 51,488 46,488
Taxation and social security 17,297 1,500
Other creditors 2,000 2,000
88,418 62,706

Included within other creditors are accrued expenses of £2,000 (2023: £2,000).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,387 22,387

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100
100 B Non Voting £1 100 100
100 C Non Voting £1 100 100
300 300

HEARTS INVESTMENTS LIMITED (REGISTERED NUMBER: 04914669)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D Harris
Balance outstanding at start of year - -
Amounts advanced 51,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,250 -

Included within amount advanced to director is interest of £1,250, charged against outstanding balance at HMRC prescribed rates. All outstanding loan balances are repayable on demand and personally guaranteed by the director.