Company registration number:
03037502
I.H.A. LIMITED
Unaudited filleted financial statements
31 August 2024
I.H.A. LIMITED
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
I.H.A. LIMITED
Directors and other information
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Directors |
Mr R H Jones |
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Mrs P L Jones |
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Secretary |
P L Jones |
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Company number |
03037502 |
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Registered office |
1 Cambridge Road |
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Sandy |
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Beds |
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SG19 1JE |
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Accountant |
Hyde & Lewis |
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1 Cambridge Road |
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Sandy |
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Beds |
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SG19 1JE |
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I.H.A. LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of I.H.A. LIMITED
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of I.H.A. LIMITED for the year ended 31 August 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of I.H.A. LIMITED, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of I.H.A. LIMITED and state those matters that we have agreed to state to the board of directors of I.H.A. LIMITED as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than I.H.A. LIMITED and its board of directors as a body for my work or for this report.
It is your duty to ensure that I.H.A. LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I.H.A. LIMITED. You consider that I.H.A. LIMITED is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of I.H.A. LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Hyde & Lewis
Chartered Certified Accountants
1 Cambridge Road
Sandy
Beds
SG19 1JE
29 May 2025
I.H.A. LIMITED
Statement of financial position
31 August 2024
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2024 |
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2023 |
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£ |
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£ |
£ |
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Fixed assets |
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9,269 |
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12,547 |
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_______ |
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_______ |
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Current assets |
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12,571 |
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4,763 |
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Prepayments and accrued income |
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5,000 |
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6,300 |
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_______ |
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_______ |
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17,571 |
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11,063 |
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Creditors: amounts falling due within one year |
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(
36,231) |
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(
40,819) |
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_______ |
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_______ |
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Net current liabilities |
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18,660) |
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29,756) |
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_______ |
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_______ |
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Total assets less current liabilities |
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(
9,391) |
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(
17,209) |
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Accruals and deferred income |
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(
2,830) |
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(
3,251) |
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_______ |
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Net liabilities |
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(
12,221) |
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(
20,460) |
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_______ |
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_______ |
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Capital and reserves |
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(
12,221) |
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(
20,460) |
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_______ |
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_______ |
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Notes to the financial statements
I.H.A. LIMITED
Year ended 31 August 2024
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
2.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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Mr R H Jones |
(
37,210) |
9,331 |
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27,879) |
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_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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Mr R H Jones |
(
18,396) |
(
18,814) |
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37,210) |
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The above loans are interest free and no repayment period has been set.
3.
Related party transactions
During the year the company entered into the following transactions with related parties:
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Transaction value |
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Balance owed by/(owed to) |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Consultation Institute International Limited |
4,433 |
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4,433 |
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Consultation Institute International Limited is a 70% subsidiary which was acquired during the accounting period ended 31 August 2024. I.H.A. limited has lent funds to the company and is owed repayment as at the year end as shown.
4.
Subsidiaries
As of 28 May 2024 the company purchased 70% of the share capital in Consultation Institute International Limited for the price of £1 per share, a company in which Rhion Jones, a director and shareholder of I.H.A. Limited, already holds 30% of the share capital. The company registered office is Bank House, Main Street, Virginia, Co. Cavan, incorporated in the Republic of Ireland under company number 669002. The last filed accounts of Consultation Institute International Limited were up to 31 December 2022 which showed a deficit on reserves of €4,145 (£3,866).
5.
Operating lease committments
As at the year end the company total future minimum lease payments under non-cancellable operatng leases were £2,207 (2023 : £3,468).
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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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.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
29 May 2025
, and are signed on behalf of the board by:
Mr R H Jones
Director
Company registration number:
03037502
The company is a private company limited by shares, registered in England & Wales.