Shop Honu Ltd

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—7

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Shop Honu Ltd

Accountant's Report

For The Year Ended 31 December 2024

Accountant's Report

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Shop Honu Ltd For The Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Shop Honu Ltd For The Year Ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Shop Honu Ltd , as a body, in accordance with the terms of our engagement letter dated 02 December 2024. Our work has been undertaken solely to prepare for your approval the accounts of Shop Honu Ltd and state those matters that we have agreed to state to the directors of Shop Honu Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shop Honu Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that Shop Honu 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 or loss of Shop Honu Ltd . You consider that Shop Honu Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Shop Honu 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 financial statements.

Signed

30 September 2025

ERC Accountants & Business Advisers Limited

Chartered Accountants

Hanover Buildings, 11-13 Hanover Street

Liverpool

Merseyside

L1 3DN

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Shop Honu Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 11518426

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,377		7,188

			5,377		7,188
CURRENT ASSETS
Stocks	5	16,257		33,299
Debtors	6	109,871		103,436
Cash at bank and in hand		4,041		14,219

		130,169		150,954
Creditors: Amounts Falling Due Within One Year	7	(382,453 )		(361,051 )

NET CURRENT ASSETS (LIABILITIES)			(252,284 )		(210,097 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(246,907 )		(202,909 )

Creditors: Amounts Falling Due After More Than One Year	8		(4,167 )		(14,167 )

NET LIABILITIES			(251,074 )		(217,076 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(251,076 )		(217,078 )

SHAREHOLDERS' FUNDS			(251,074)		(217,076)

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Shop Honu Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

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

Mrs A S Buck

Director

30 September 2025

The notes on pages 5 to 7 form part of these financial statements.

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Shop Honu Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Shop Honu Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11518426 . The registered office is c/o Brandbuildr Ltd, Oaktree Court Business Centre, Mill Lane, Ness, Wirral, Merseyside, CH64 8TP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

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'.

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 sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

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.

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:

Plant and machinery	20% Reducing Balance
Fixtures and fittings	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

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Shop Honu Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
As at 1 January 2024	13,420	1,338	14,758
Additions	-	270	270
Disposals	(700 )	-	(700 )

As at 31 December 2024	12,720	1,608	14,328

Depreciation
As at 1 January 2024	6,549	1,021	7,570
Provided during the period	1,234	147	1,381

As at 31 December 2024	7,783	1,168	8,951

Net Book Value
As at 31 December 2024	4,937	440	5,377

As at 1 January 2024	6,871	317	7,188

5. Stocks

	2024	2023
	£	£
Stock	16,257	33,299

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	480	834
Deferred tax current asset	109,391	102,602

	109,871	103,436

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	7,468	7,227
Bank loans and overdrafts	26,835	29,434
Other taxes and social security	2,427	5,073
VAT	13,374	14,415
Other creditors.	328,961	303,423
Accruals and deferred income	2,255	707
Directors' loan accounts	1,133	772

	382,453	361,051

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Shop Honu Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,167	14,167

The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

The following related party transactions were undertaken during the year:

During the year a director loaned to the company £2,081 (2023: £312) and withdrew £1,720 (2023: £490) from the company. The amount owed to the director at the year end was £1,133 (2023: £772).

During the year a connected company paid expenses on behalf of Shop Honu Limited totalling £7,600 (2023: £83,088), paid to Shop Honu Limited £10,556 (2023: £30,510), and received repayments of £1,000 (2023: £48,186). At the year end Shop Honu Limited owed to the company £319,304 (2023: £302,148).

During the year a connected company paid expenses on behalf of Shop Honu Limited totalling £14,817 (2023: £Nil), and received repayments of £5,160 (2023: £Nil). At the year end Shop Honu Limited owed to the company £9,657 (2023: £Nil).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Brandbuildr Limited, a company registered in England and Wales, registered number 10368416. The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN.

12. Going Concern

The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis.

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Directors	Mr D P Buck
	Mrs A S Buck

Company Number	11518426

Registered Office	c/o Brandbuildr Ltd
	Oaktree Court Business Centre, Mill Lane
	Ness
	Wirral, Merseyside
	CH64 8TP

Accountants	ERC Accountants & Business Advisers Limited
	Chartered Accountants
	Hanover Buildings, 11-13 Hanover Street
	Liverpool
	Merseyside
	L1 3DN