2024-01-012024-06-302024-06-30false12814340HEIDI PAY LTD2025-05-28falseiso4217:GBPxbrli:pure128143402024-01-01128143402024-06-30128143402024-01-012024-06-30128143402023-01-01128143402023-12-31128143402023-01-012023-12-3112814340bus:SmallEntities2024-01-012024-06-3012814340bus:AuditExempt-NoAccountantsReport2024-01-012024-06-3012814340bus:FullAccounts2024-01-012024-06-3012814340bus:PrivateLimitedCompanyLtd2024-01-012024-06-3012814340core:WithinOneYear2024-06-3012814340core:AfterOneYear2024-06-3012814340core:WithinOneYear2023-12-3112814340core:AfterOneYear2023-12-3112814340core:ShareCapital2024-06-3012814340core:SharePremium2024-06-3012814340core:RevaluationReserve2024-06-3012814340core:OtherReservesSubtotal2024-06-3012814340core:RetainedEarningsAccumulatedLosses2024-06-3012814340core:ShareCapital2023-12-3112814340core:SharePremium2023-12-3112814340core:RevaluationReserve2023-12-3112814340core:OtherReservesSubtotal2023-12-3112814340core:RetainedEarningsAccumulatedLosses2023-12-3112814340core:LandBuildings2024-06-3012814340core:PlantMachinery2024-06-3012814340core:Vehicles2024-06-3012814340core:FurnitureFittings2024-06-3012814340core:OfficeEquipment2024-06-3012814340core:NetGoodwill2024-06-3012814340core:IntangibleAssetsOtherThanGoodwill2024-06-3012814340core:ListedExchangeTraded2024-06-3012814340core:UnlistedNon-exchangeTraded2024-06-3012814340core:LandBuildings2023-12-3112814340core:PlantMachinery2023-12-3112814340core:Vehicles2023-12-3112814340core:FurnitureFittings2023-12-3112814340core:OfficeEquipment2023-12-3112814340core:NetGoodwill2023-12-3112814340core:IntangibleAssetsOtherThanGoodwill2023-12-3112814340core:ListedExchangeTraded2023-12-3112814340core:UnlistedNon-exchangeTraded2023-12-3112814340core:LandBuildings2024-01-012024-06-3012814340core:PlantMachinery2024-01-012024-06-3012814340core:Vehicles2024-01-012024-06-3012814340core:FurnitureFittings2024-01-012024-06-3012814340core:OfficeEquipment2024-01-012024-06-3012814340core:NetGoodwill2024-01-012024-06-3012814340core:IntangibleAssetsOtherThanGoodwill2024-01-012024-06-3012814340core:ListedExchangeTraded2024-01-012024-06-3012814340core:UnlistedNon-exchangeTraded2024-01-012024-06-3012814340core:MoreThanFiveYears2024-01-012024-06-3012814340core:Non-currentFinancialInstruments2024-06-3012814340core:Non-currentFinancialInstruments2023-12-3112814340dpl:CostSales2024-01-012024-06-3012814340dpl:DistributionCosts2024-01-012024-06-3012814340core:LandBuildings2024-01-012024-06-3012814340core:PlantMachinery2024-01-012024-06-3012814340core:Vehicles2024-01-012024-06-3012814340core:FurnitureFittings2024-01-012024-06-3012814340core:OfficeEquipment2024-01-012024-06-3012814340dpl:AdministrativeExpenses2024-01-012024-06-3012814340core:NetGoodwill2024-01-012024-06-3012814340core:IntangibleAssetsOtherThanGoodwill2024-01-012024-06-3012814340dpl:GroupUndertakings2024-01-012024-06-3012814340dpl:ParticipatingInterests2024-01-012024-06-3012814340dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-06-3012814340core:ListedExchangeTraded2024-01-012024-06-3012814340dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-06-3012814340core:UnlistedNon-exchangeTraded2024-01-012024-06-3012814340dpl:CostSales2023-01-012023-12-3112814340dpl:DistributionCosts2023-01-012023-12-3112814340core:LandBuildings2023-01-012023-12-3112814340core:PlantMachinery2023-01-012023-12-3112814340core:Vehicles2023-01-012023-12-3112814340core:FurnitureFittings2023-01-012023-12-3112814340core:OfficeEquipment2023-01-012023-12-3112814340dpl:AdministrativeExpenses2023-01-012023-12-3112814340core:NetGoodwill2023-01-012023-12-3112814340core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112814340dpl:GroupUndertakings2023-01-012023-12-3112814340dpl:ParticipatingInterests2023-01-012023-12-3112814340dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112814340core:ListedExchangeTraded2023-01-012023-12-3112814340dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112814340core:UnlistedNon-exchangeTraded2023-01-012023-12-3112814340core:NetGoodwill2024-06-3012814340core:IntangibleAssetsOtherThanGoodwill2024-06-3012814340core:LandBuildings2024-06-3012814340core:PlantMachinery2024-06-3012814340core:Vehicles2024-06-3012814340core:FurnitureFittings2024-06-3012814340core:OfficeEquipment2024-06-3012814340core:AfterOneYear2024-06-3012814340core:WithinOneYear2024-06-3012814340core:ListedExchangeTraded2024-06-3012814340core:UnlistedNon-exchangeTraded2024-06-3012814340core:ShareCapital2024-06-3012814340core:SharePremium2024-06-3012814340core:RevaluationReserve2024-06-3012814340core:OtherReservesSubtotal2024-06-3012814340core:RetainedEarningsAccumulatedLosses2024-06-3012814340core:NetGoodwill2023-12-3112814340core:IntangibleAssetsOtherThanGoodwill2023-12-3112814340core:LandBuildings2023-12-3112814340core:PlantMachinery2023-12-3112814340core:Vehicles2023-12-3112814340core:FurnitureFittings2023-12-3112814340core:OfficeEquipment2023-12-3112814340core:AfterOneYear2023-12-3112814340core:WithinOneYear2023-12-3112814340core:ListedExchangeTraded2023-12-3112814340core:UnlistedNon-exchangeTraded2023-12-3112814340core:ShareCapital2023-12-3112814340core:SharePremium2023-12-3112814340core:RevaluationReserve2023-12-3112814340core:OtherReservesSubtotal2023-12-3112814340core:RetainedEarningsAccumulatedLosses2023-12-3112814340core:NetGoodwill2023-01-0112814340core:IntangibleAssetsOtherThanGoodwill2023-01-0112814340core:LandBuildings2023-01-0112814340core:PlantMachinery2023-01-0112814340core:Vehicles2023-01-0112814340core:FurnitureFittings2023-01-0112814340core:OfficeEquipment2023-01-0112814340core:AfterOneYear2023-01-0112814340core:WithinOneYear2023-01-0112814340core:ListedExchangeTraded2023-01-0112814340core:UnlistedNon-exchangeTraded2023-01-0112814340core:ShareCapital2023-01-0112814340core:SharePremium2023-01-0112814340core:RevaluationReserve2023-01-0112814340core:OtherReservesSubtotal2023-01-0112814340core:RetainedEarningsAccumulatedLosses2023-01-0112814340core:AfterOneYear2024-01-012024-06-3012814340core:WithinOneYear2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-06-3012814340core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3012814340core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3012814340core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112814340core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112814340core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112814340core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112814340core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112814340core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112814340core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112814340core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112814340core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112814340bus:Director12024-01-012024-06-3012814340core:FurnitureFittingsToolsEquipment2023-12-3112814340core:FurnitureFittingsToolsEquipment2024-01-012024-06-3012814340core:FurnitureFittingsToolsEquipment2024-06-30

HEIDI PAY LTD

Registered Number
12814340
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2024

HEIDI PAY LTD
Company Information
for the period from 1 January 2024 to 30 June 2024

Director

BOZZO, Matteo

Registered Address

124 City Road
London
EC1V 2NX

Registered Number

12814340 (England and Wales)
HEIDI PAY LTD
Balance Sheet as at
30 June 2024

Notes

30 Jun 2024

31 Dec 2023

£

£

£

£

Fixed assets
Intangible assets33,934,1783,294,210
Tangible assets428,63631,567
3,962,8143,325,777
Current assets
Debtors517,575803,311
Cash at bank and on hand91,02692,583
608,601895,894
Creditors amounts falling due within one year5(476,765)(432,112)
Net current assets (liabilities)131,836463,782
Total assets less current liabilities4,094,6503,789,559
Creditors amounts falling due after one year6(8,670,202)(7,507,175)
Net assets(4,575,552)(3,717,616)
Capital and reserves
Called up share capital275,100275,100
Profit and loss account(4,850,652)(3,992,716)
Shareholders' funds(4,575,552)(3,717,616)
The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2025, and are signed on its behalf by:
BOZZO, Matteo
Director
Registered Company No. 12814340
HEIDI PAY LTD
Notes to the Financial Statements
for the period ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
The company classifies its primary intangible asset as a computer software platform designed for loan generation and management within the Buy Now Pay Later market. This software, being internally developed, is recognised as an intangible asset when it meets the criteria set out in FRS 102, Section 18. The software platform, tailored for loan generation and management in the Buy Now Pay Later sector, is measured initially at its cost. This cost encapsulates all directly attributable expenditures incurred during its creation and preparation to ensure it's operationally ready. Amortisation is provided for over 10 years. At each reporting date, an assessmentis made as to whether there are any indications that an asset may be impaired. These indications can be from external or internal sources of information.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year2421
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 243,807,1523,807,152
Additions854,063854,063
At 30 June 244,661,2154,661,215
Amortisation and impairment
At 01 January 24512,942512,942
Charge for year214,095214,095
At 30 June 24727,037727,037
Net book value
At 30 June 243,934,1783,934,178
At 31 December 233,294,2103,294,210
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 243,17350,42353,596
Additions-3,9993,999
At 30 June 243,17354,42257,595
Depreciation and impairment
At 01 January 241,80120,22822,029
Charge for year3186,6126,930
At 30 June 242,11926,84028,959
Net book value
At 30 June 241,05427,58228,636
At 31 December 231,37230,19531,567
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables394,917152,137
Taxation and social security76,776258,042
Other creditors5,0725,189
Accrued liabilities and deferred income-16,744
Total476,765432,112
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties8,670,2027,507,175
Total8,670,2027,507,175