0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2025 - FRS102_2025 1,495,000 1,495,000 1,495,000 448,000 448,000 448,000 xbrli:pure xbrli:shares iso4217:GBP SC533477 2023-07-01 2024-06-29 SC533477 2024-06-29 SC533477 2023-06-30 SC533477 2022-07-01 2023-06-30 SC533477 2023-06-30 SC533477 2022-06-30 SC533477 bus:LeadAgentIfApplicable 2023-07-01 2024-06-29 SC533477 bus:Director1 2023-07-01 2024-06-29 SC533477 core:WithinOneYear 2024-06-29 SC533477 core:WithinOneYear 2023-06-30 SC533477 core:AfterOneYear 2024-06-29 SC533477 core:AfterOneYear 2023-06-30 SC533477 core:ShareCapital 2024-06-29 SC533477 core:ShareCapital 2023-06-30 SC533477 core:RevaluationReserve 2024-06-29 SC533477 core:RevaluationReserve 2023-06-30 SC533477 core:RetainedEarningsAccumulatedLosses 2024-06-29 SC533477 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC533477 core:CostValuation core:Non-currentFinancialInstruments 2024-06-29 SC533477 core:Non-currentFinancialInstruments 2024-06-29 SC533477 core:Non-currentFinancialInstruments 2023-06-30 SC533477 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-29 SC533477 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 SC533477 bus:SmallEntities 2023-07-01 2024-06-29 SC533477 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-29 SC533477 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-29 SC533477 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-29 SC533477 bus:FullAccounts 2023-07-01 2024-06-29
COMPANY REGISTRATION NUMBER: SC533477

H20 Investments Limited

Filleted Unaudited Financial Statements

29 June 2024

H20 Investments Limited

Financial Statements

Year ended 29 June 2024

Contents | Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

H20 Investments Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of H20 Investments Limited

Year ended 29 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H20 Investments Limited for the year ended 29 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of H20 Investments Limited. Our work has been undertaken solely to prepare for your approval the financial statements of H20 Investments Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H20 Investments Limited and its director for our work or for this report.
It is your duty to ensure that H20 Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of H20 Investments Limited. You consider that H20 Investments Limited 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 financial statements of H20 Investments Limited. 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 financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
23 October 2025

H20 Investments Limited

Statement of Financial Position

29 June 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 1,495,000 | 1,495,000
Investments | 5 |  | 448,000 | 448,000
|  | ------------ | ------------
|  | 1,943,000 | 1,943,000

Current assets

Debtors | 6 | 120 |  | 526,253
Cash at bank and in hand | 2,985 |  | 4,806
| ------- |  | ---------
| 3,105 |  | 531,059

Creditors: amounts falling due within one year | 7 | 958,467 |  | 972,996
| --------- |  | ---------
Net current liabilities |  | 955,362 | 441,937
|  | ------------ | ------------
Total assets less current liabilities |  | 987,638 | 1,501,063

Creditors: amounts falling due after more than one year | 8 |  | 574,424 | 582,418

Provisions |  | 196,656 | 196,656
|  | --------- | ------------
Net assets |  | 216,558 | 721,989
|  | --------- | ------------

Capital and reserves

Called up share capital |  | 1 | 1
Non-distributable reserve |  | 721,376 | 721,376
Profit and loss account |  | ( 504,819) | 612
|  | --------- | ---------
Shareholders funds |  | 216,558 | 721,989
|  | --------- | ---------

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 comprehensive income has not been delivered.
For the year ending 29 June 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 year 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 .

H20 Investments Limited

Statement of Financial Position (continued)

29 June 2024
These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mr A J Johnston |
Director |

Company registration number: SC533477

H20 Investments Limited

Notes to the Financial Statements

Year ended 29 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 34 Bogmoor Place, Glasgow, G51 4TC, Scotland.
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.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Income tax
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
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.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Tangible assets

| Freehold property
| £
Cost |
At 1 July 2023 and 29 June 2024 | 1,495,000
| ------------
Depreciation |
At 1 July 2023 and 29 June 2024 | –
| ------------
Carrying amount |
At 29 June 2024 | 1,495,000
| ------------
At 30 June 2023 | 1,495,000
| ------------

5. Investments

| Group undertakings
| £
Cost |
At 1 July 2023 and 29 June 2024 | 448,000
| ---------
Impairment |
At 1 July 2023 and 29 June 2024 | –
| ---------

Carrying amount |
At 29 June 2024 | 448,000
| ---------
At 30 June 2023 | 448,000
| ---------

Details of the company's group undertaking at 29 June 2024 are as follows:
Name of undertaking- Merchant Properties Scotland Limited
Registered Office- 34 Bogmoor Place, Glasgow, Scotland, G51 4TQ
Class of shares held- Ordinary
% held Direct- 50.00%
6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | – | 1,500
Other debtors | 120 | 524,753
| ---- | ---------
| 120 | 526,253
| ---- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 7,679 | 7,679
Accruals and deferred income | 1,865 | 1,200
Corporation tax | 9,395 | 5,327
Other creditors | 939,528 | 958,790
| --------- | ---------
| 958,467 | 972,996
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 574,424 | 582,418
| --------- | ---------

9. Related party transactions
As at 29 June 2024 the company owed £912,590 (2023: £934,290) to related parties under common control. As at 29 June 2024 the company was owed £nil (2023: £524,753) by related parties under common control.
10. Controlling party
The company was under the control of the director during the current year and prior year.