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REGISTERED NUMBER: 07368860 (England and Wales)











Financial Statements

for the Year Ended 31 August 2024

for

HATS (ON DEMAND) LTD

HATS (ON DEMAND) LTD (REGISTERED NUMBER: 07368860)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HATS (ON DEMAND) LTD

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S Hearty
Miss J Grinham
Ms P Harris





REGISTERED OFFICE: c/o LSR Management Ltd
C2A Comet Studios
De Havilland Court, Penn Street
Amersham
Buckinghamshire
HP7 0PX





REGISTERED NUMBER: 07368860 (England and Wales)





ACCOUNTANTS: Howards Limited
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

HATS (ON DEMAND) LTD (REGISTERED NUMBER: 07368860)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 101 101
TOTAL ASSETS LESS CURRENT
LIABILITIES

101

101

CAPITAL AND RESERVES
Called up share capital 101 101
SHAREHOLDERS' FUNDS 101 101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 29 May 2025 and were signed on its behalf by:





S Hearty - Director


HATS (ON DEMAND) LTD (REGISTERED NUMBER: 07368860)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

HATS (PTS) Ltd is a private company, limited by shares, registered in England and Wales.

Registered Office:
c/o LSR Management Limited
C2A Comet Studios
DE Havilland Court, Penn Street
Amersham
Buckinghamshire
HP7 0PX

Registered number: 07368860

Head Office:
44 Weir Road
Wimbledon
SW19 8UG

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 ("FRS 102"), the financial reporting standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, work in progress, provisions and contingent liabilities and accruals are its critical accounting estimates.

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 balance sheet date.


HATS (ON DEMAND) LTD (REGISTERED NUMBER: 07368860)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Going concern
The trade, business, assets and liabilities of the company were transferred to HATS Group Ltd on the 31st August 2021 and therefore the company is no longer a going concern. The directors do not consider that any adjustments are necessary as a result of this transaction.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 101 101

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

5. FUNCTIONAL & PRESENTATIONAL CURRENCY

The company's functional and presentational currency is GBP (£).