HDM Energies Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14997606

HDM ENERGIES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

31 August 2024

HDM ENERGIES LTD

STATEMENT OF FINANCIAL POSITION

31 August 2024

	31 Aug 24
Note	£

Fixed Assets

Intangible assets	5	18,997
Tangible assets	6	23,048
Investments	7	86,379
		-----------
		128,424

Current Assets

Debtors	8	31,294
Cash at bank and in hand		1,030
		---------
		32,324

Creditors: amounts falling due within one year	9	343,630
		-----------
Net Current Liabilities		311,306
		-----------
Total Assets Less Current Liabilities		( 182,882)
		-----------

Capital and Reserves

Called up share capital	100
Profit and loss account	( 182,982)
	-----------
Shareholders Deficit	( 182,882)
	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HDM ENERGIES LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2024

These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:

DJ Rogers
Director

Company registration number: 14997606

HDM ENERGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 12 JULY 2023 TO 31 AUGUST 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3, Carmel Park, Saltmarsh Court, Hull, HU4 7DZ, England.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Intangible Assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% reducing balance
Fixtures and fittings	-	10% reducing balance
Motor vehicles	-	20% reducing balance

	Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee Numbers

The average number of persons employed by the company during the period amounted to 3 .

5. Intangible Assets

	Software development costs
	£
Cost
Additions	–
Additions from internal developments	18,997
	---------
At 31 August 2024	18,997
	---------
Amortisation
At 12 July 2023 and 31 August 2024	–
	---------
Carrying amount
At 31 August 2024	18,997
	---------

6. Tangible Assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 12 July 2023	–	–	–	–	–
Additions	15,467	1,626	5,690	3,890	26,673
	---------	--------	--------	--------	---------
At 31 August 2024	15,467	1,626	5,690	3,890	26,673
	---------	--------	--------	--------	---------
Depreciation
At 12 July 2023	–	–	–	–	–
Charge for the period	1,547	162	1,138	778	3,625
	---------	--------	--------	--------	---------
At 31 August 2024	1,547	162	1,138	778	3,625
	---------	--------	--------	--------	---------
Carrying amount
At 31 August 2024	13,920	1,464	4,552	3,112	23,048
	---------	--------	--------	--------	---------

7. Investments

	Other investments other than loans
	£
Cost
At 12 July 2023	–
Additions	86,379
	---------
At 31 August 2024	86,379
	---------
Impairment
At 12 July 2023 and 31 August 2024	–
	---------

Carrying amount
At 31 August 2024	86,379
	---------

8. Debtors

	31 Aug 24
	£
Other debtors	31,294
	---------

9. Creditors: amounts falling due within one year

	31 Aug 24
	£
Trade creditors	29,768
Amounts owed to group undertakings and undertakings in which the company has a participating interest	305,469
Social security and other taxes	7,393
Other creditors	1,000
	-----------
	343,630
	-----------