Registered number
14017030
Hernhill Services Ltd
Filleted Accounts
31 March 2025
Hernhill Services Ltd
Registered number: 14017030
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 59,532 40,531
Cash at bank and in hand 1,366 5,688
60,898 46,219
Creditors: amounts falling due within one year 4 (2,451) (14,517)
Net current assets 58,447 31,702
Total assets less current liabilities 58,447 31,702
Creditors: amounts falling due after more than one year 5 (120,499) (73,341)
Net liabilities (62,052) (41,639)
Capital and reserves
Called up share capital 100 100
Profit and loss account (62,152) (41,739)
Shareholders' funds (62,052) (41,639)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rongmin Qin
Director
Approved by the board on 6 June 2025
Hernhill Services Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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).
Going Concern
The directors have considered the appropriateness of preparing the financial statements on a going concern basis. Subsequent to the year end, the Financial Conduct Authority (FCA) informed the company that it does not currently hold the correct regulatory permissions to provide consumer credit services. As a result, the company has temporarily ceased its lending operations and is not permitted to pursue recoveries on existing customer loans until the licensing matter is resolved.

The directors are actively engaging with the FCA to regularise the company’s authorisation status. While the timing and outcome of this process remain uncertain, the directors have prepared cash flow forecasts and have reviewed the company’s financial position. Based on this review, and assuming successful resolution of the licensing issue, the directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future.

Accordingly, the financial statements have been prepared on a going concern basis. However, the directors acknowledge that the above matters represent a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2025 2024
£ £
Other debtors 59,532 40,531
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 2,353 14,517
Taxation and social security costs 98 -
2,451 14,517
5 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 120,499 73,341
The creditor's balance of £104,600 represents the loan from 789 Investment Ltd.
6 Related party transactions
789 Investment Ltd holds 51% of the shares of Hernhill Services Ltd. The loan balance for Hernhill Services Ltd from 789 Investment Ltd for this year is £104,600.
7 Other information
Hernhill Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Govent Garden
London
WC2H 9JQ
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