TERRY HEALY VENTURES LTD

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC660085

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,463		1,906

			1,463		1,906
CURRENT ASSETS
Debtors	5	32,952		3,610
Cash at bank and in hand		4		1,185

		32,956		4,795
Creditors: Amounts Falling Due Within One Year	6	(35,382 )		(15,052 )

NET CURRENT ASSETS (LIABILITIES)			(2,426 )		(10,257 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(963 )		(8,351 )

NET LIABILITIES			(963 )		(8,351 )

CAPITAL AND RESERVES
Called up share capital	7		10		10
Profit and Loss Account			(973 )		(8,361 )

SHAREHOLDERS' FUNDS			(963)		(8,351)

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Terence Healy

Director

05/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

TERRY HEALY VENTURES LTD is a private company, limited by shares, incorporated in Scotland, registered number SC660085 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 May 2024	2,215

As at 30 April 2025	2,215

Depreciation
As at 1 May 2024	309
Provided during the period	443

As at 30 April 2025	752

Net Book Value
As at 30 April 2025	1,463

As at 1 May 2024	1,906

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	3,600
Other debtors	32,952	10

	32,952	3,610

Page 2

Page 3

TERRY HEALY VENTURES LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	105
Other creditors	31,050	8,721
Taxation and social security	4,332	6,226

	35,382	15,052

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

8. Related Party Transactions

Included in creditors falling due within one year is an amount of £22,669 (2024: £5,378) owed to the director. The loan is interest free.