ACCOUNTS - Final Accounts preparation

Creditors: amounts falling due within one year

As restated



	Hearwind Ltd












	Unaudited
	Financial statements
	For the year ended 31 January 2025


	Registered number: 12414308


Hearwind Ltd - Registered number: 12414308

Statement of financial position

As at 31 January 2025

			As restated	As restated
	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Investment property	4		1,154,866		1,154,866
Current assets
Debtors	5	778		742
Cash at bank and in hand		8,454		8,262
		9,232		9,004
Creditors: amounts falling due within one year	6	(477,203)		(475,166)
Net current liabilities			(467,971)		(466,162)
Total assets less current liabilities			686,895		688,704
Creditors: amounts falling due after more than one year	7		(614,561)		(647,332)

Net assets			72,334		41,372

Capital and reserves
Share capital	100	100
Profit and loss account	72,234	41,272
	72,334	41,372

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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Hearwind Ltd - Registered number: 12414308

Statement of financial position (continued)

As at 31 January 2025

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the director:

R P Wachman

Director

Date: 22 October 2025

The notes on pages 3 to 7 form part of these financial statements.

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Hearwind Ltd

Notes to the financial statements

For the year ended 31 January 2025

1.	General information

The company is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business is Unit 26, Parklands Railton Road, Guildford, Surrey, GU2 9JX. The company registration number is 12414308.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102 section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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Hearwind Ltd

Notes to the financial statements

For the year ended 31 January 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.6

Investment property

The investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short term creditors are measured at the transaction price.

2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors.

Employees

The average monthly number of employees during the year was nil (2024 - nil).

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Hearwind Ltd

Notes to the financial statements

For the year ended 31 January 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 February 2024	1,154,866
	At 31 January 2025	1,154,866

The 2025 valuations were made by the director, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Other debtors	100	100
Prepayments	678	642
	778	742

Bank loans	32,773	30,133
Trade creditors	1,227	5,770
Corporation tax	9,462	7,036
Other taxation and social security	2,808	2,694
Other creditors	423,333	423,333
Accruals	7,600	6,200
	477,203	475,166

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Hearwind Ltd

Notes to the financial statements

For the year ended 31 January 2025

Bank loans	614,561	647,332
	614,561	647,332

Amounts falling due within one year
Bank loans	32,773	30,133
	32,773	30,133
Amounts falling due 1-2 years
Bank loans	35,070	32,773
	35,070	32,773
Amounts falling due 2-5 years
Bank loans	579,491	614,559
	579,491	614,559

	647,334	677,465

The bank loan dated 18 November 2022 is secured by fixed and floating charges over the assets of the company and legal charges on 26 Parklands Railton Road, Surrey.

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Hearwind Ltd

Notes to the financial statements

For the year ended 31 January 2025

9.	Prior year adjustment

During the year it was discovered that a long term loan payable by the company was miscategorised as a current
loan in prior periods. Accounting for this error relating to prior periods had the following impact in the year ended
31 January 2024:
- Reduce current liabilities by £45,763
- Increase non-current liabilities by £45,763

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