Company Registration No. 09897211 (England and Wales)
Three Hearts Digital Ltd
Unaudited accounts
for the year ended 31 December 2024
Three Hearts Digital Ltd
Unaudited accounts
Contents
Three Hearts Digital Ltd
Company Information
for the year ended 31 December 2024
Directors
Jonathan Bull
Thomas Evans
Company Number
09897211 (England and Wales)
Registered Office
86-90 Paul St
Shoreditch
London
EC2A 4NE
Accountants
Barnes & Scott
86-90 Paul Street
London
EC2A 4NE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Three Hearts Digital Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Three Hearts Digital Ltd for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Three Hearts Digital Ltd , as a body, in accordance with the terms of our engagement letter dated 16 June 2016. Our work has been undertaken solely to prepare for your approval the accounts of Three Hearts Digital Ltd and state those matters that we have agreed to state to the Board of Directors of Three Hearts Digital Ltd , as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Three Hearts Digital Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Three Hearts Digital Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Three Hearts Digital Ltd . You consider that Three Hearts Digital Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Three Hearts Digital Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott
Chartered Accountants
86-90 Paul Street
London
EC2A 4NE
25 September 2025
Three Hearts Digital Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
18,165
11,042
Cash at bank and in hand
856,479
759,946
Creditors: amounts falling due within one year
(520,015)
(395,830)
Net current assets
426,601
419,833
Total assets less current liabilities
444,766
430,875
Provisions for liabilities
Deferred tax
(4,541)
(2,761)
Net assets
440,225
428,114
Called up share capital
2
2
Profit and loss account
439,084
426,973
Shareholders' funds
440,225
428,114
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Jonathan Bull
Director
Company Registration No. 09897211
Three Hearts Digital Ltd
Notes to the Accounts
for the year ended 31 December 2024
Three Hearts Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 09897211. The registered office is 86-90 Paul St, Shoreditch, London, EC2A 4NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Three Hearts Digital Ltd
Notes to the Accounts
for the year ended 31 December 2024
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Taxation represents the sum of tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date."
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
316
23,476
23,792
Disposals
-
(2,193)
(2,193)
At 31 December 2024
316
35,663
35,979
At 1 January 2024
72
12,678
12,750
Charge for the year
79
6,105
6,184
On disposals
-
(1,120)
(1,120)
At 31 December 2024
151
17,663
17,814
At 31 December 2024
165
18,000
18,165
At 31 December 2023
244
10,798
11,042
Three Hearts Digital Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
90,137
53,765
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
253,286
250,803
Other creditors
2,549
1,506
Loans from directors
1,452
623
Deferred income
125,037
79,682
Included in creditors is £1,452 (2023: £623) owed to the directors of the company. The director loan is measured at transaction price and is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 7 (2023: 5).