| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 12 APRIL 2024 TO 31 MARCH 2025 |
| FOR |
| HVN LABS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 12 APRIL 2024 TO 31 MARCH 2025 |
| FOR |
| HVN LABS LTD |
| HVN LABS LTD (REGISTERED NUMBER: 15638440) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 12 APRIL 2024 TO 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HVN LABS LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 12 APRIL 2024 TO 31 MARCH 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 Jesus Lane |
| Cambridge |
| Cambridgeshire |
| CB5 8BA |
| HVN LABS LTD (REGISTERED NUMBER: 15638440) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| Notes | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash and cash equivalents |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| HVN LABS LTD (REGISTERED NUMBER: 15638440) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| HVN LABS LTD (REGISTERED NUMBER: 15638440) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 12 APRIL 2024 TO 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Hvn Labs Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company had net liabilities of £20,252 at the balance sheet date. The directors have considered the financial position of the company and believe it will have adequate resources to meet its liabilities as they fall due. Accordingly, they consider it appropriate to prepare the financial statements on a going concern basis. |
| Turnover |
| Turnover represents the amounts invoiced for the provision of drone swarm technology services, including autonomous drone operations, aerial inspections, payload delivery, and related engineering solutions across sectors such as agriculture, construction, and security. Turnover is recognised on the delivery of services in accordance with FRS 102. |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and Value Added Tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Government grants |
| Government grants are recognised at the fair value of the asset received or receivable when there is |
| reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the performance model. |
| The grant will therefore be recognised in other income when the grant proceeds are received or receivable provided the terms of the grant do not impose future performance related conditions. |
| If the terms of the grant do impose future performance related conditions, the grant is only recognised in |
| income when the performance related conditions are met. |
| Any grants that are received before the recognition criteria is met are recognised in the entity's financial |
| statements as a liability. |
| HVN LABS LTD (REGISTERED NUMBER: 15638440) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 12 APRIL 2024 TO 31 MARCH 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| 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 period 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Loans repayable on demand |
| The company has received loans which are legally repayable on demand. In accordance with FRS 102, Section 11, such loans are not considered financing transactions as they are repayable at the discretion of the lender and do not involve deferred settlement terms. |
| These loans are therefore measured at the undiscounted amount of the cash received, which represents cost, and are presented as current liabilities in the balance sheet. No interest is accrued on these balances unless and until interest is contractually agreed or charged. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| HVN LABS LTD (REGISTERED NUMBER: 15638440) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 12 APRIL 2024 TO 31 MARCH 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| Charge for period |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| £ |
| Deferred tax | 2,113 |
| Deferred |
| tax |
| £ |
| Provided during period |
| Balance at 31 March 2025 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | .0000001 | 1 |
| HVN LABS LTD (REGISTERED NUMBER: 15638440) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 12 APRIL 2024 TO 31 MARCH 2025 |
| 10. | OTHER FINANCIAL COMMITMENTS |
| Total financial commitments which are not included in the balance sheet amount to £17,304. |
| 11. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, the company owed the directors £37. The amount bears no interest, is repayable on demand and is disclosed within creditors due in less than 1 year. |