Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Ewen Griffiths 17/03/2014 29 April 2025 The principal activity of the Company during the financial year was that of design consultancy. SC472668 2024-09-30 SC472668 bus:Director1 2024-09-30 SC472668 core:CurrentFinancialInstruments 2024-09-30 SC472668 core:CurrentFinancialInstruments 2023-09-30 SC472668 2023-09-30 SC472668 core:ShareCapital 2024-09-30 SC472668 core:ShareCapital 2023-09-30 SC472668 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC472668 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC472668 bus:OrdinaryShareClass1 2024-09-30 SC472668 2023-10-01 2024-09-30 SC472668 bus:FilletedAccounts 2023-10-01 2024-09-30 SC472668 bus:SmallEntities 2023-10-01 2024-09-30 SC472668 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC472668 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC472668 bus:Director1 2023-10-01 2024-09-30 SC472668 2022-10-01 2023-09-30 SC472668 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC472668 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC472668 (Scotland)

HEART&FEINTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

HEART&FEINTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

HEART&FEINTS LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
HEART&FEINTS LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Current assets
Debtors 3 201,804 391,716
Cash at bank and in hand 394,419 1,038,332
596,223 1,430,048
Creditors: amounts falling due within one year 4 ( 504,125) ( 1,358,848)
Net current assets 92,098 71,200
Total assets less current liabilities 92,098 71,200
Net assets 92,098 71,200
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 92,097 71,199
Total shareholder's funds 92,098 71,200

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Heart&Feints Limited (registered number: SC472668) were approved and authorised for issue by the Director on 29 April 2025. They were signed on its behalf by:

Ewen Griffiths
Director
HEART&FEINTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
HEART&FEINTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Heart&Feints Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Suite 2, Ground Floor, Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the provision of design consultancy services , and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account. No impairments were noted during the year.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments due in over one year are subsequently carried at amortised cost.

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 at transaction cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including unpaid directors 1 1

3. Debtors

2024 2023
£ £
Trade debtors 143,946 318,688
Other debtors 57,858 73,028
201,804 391,716

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 15,154 32,093
Taxation and social security 5,058 8,216
Other creditors 483,913 1,318,539
504,125 1,358,848

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

The Company has taken advantage of the exemption available under FRS 102 (1a) from the requirement to disclose related party transactions with the Parent Company.

7. Ultimate controlling party

Parent Company:

Contagious (UK) Limited
Suite 2
Ground Floor
Orchard Brae House
30 Queensferry Road
Edinburgh
EH4 2HS