H2 Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03925596 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

H2 INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W Hesse

C P Hesse

SECRETARY:

C P Hesse

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

03925596 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

-

29

Investment property

5

3,393,356

3,393,385

CURRENT ASSETS

Debtors

6

265,569

783,934

Cash at bank

274,600

27,319

540,169

811,253

CREDITORS

Amounts falling due within one year

7

1,801,814

1,229,270

NET CURRENT LIABILITIES

(1,261,645

)

(418,017

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,131,711

2,975,368

CREDITORS

Amounts falling due after more than one
year

8

898,246

1,760,058

NET ASSETS

1,233,465

1,215,310

CAPITAL AND RESERVES

Called up share capital

11

300,000

Retained earnings

933,465

915,310

SHAREHOLDERS' FUNDS

1,233,465

1,215,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

C P Hesse - Director

1.	STATUTORY INFORMATION

H2 Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

In accordance with FRS 102; Investment property is property (land or building, or part of a building, or both) held by the owner or by the lessee under a finance lease to earn rentals or for capital appreciation or both. An entity shall measure investment property at its initial recognition. The cost of a purchased investment property comprises its purchase price and any directly attributable expenditure such as legal and brokerage fees, property transfer taxes and other transaction costs. Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The directors consider that the value included in the accounts is a fair valuation of the property's market value at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

165

936

1,101

DEPRECIATION

At 1 January 2024

165

907

1,072

Charge for year

-

29

At 31 December 2024

165

936

1,101

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

29

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

3,393,356

NET BOOK VALUE

At 31 December 2024

3,393,356

At 31 December 2023

3,393,356

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,207,527

Cost

2,185,829

3,393,356

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

2,185,829

The investment properties were valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

160

15,900

Other debtors

265,409

768,034

265,569

783,934

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

608,570

419,496

Trade creditors

3,139

7,693

Taxation and social security

4,846

3,397

Other creditors

1,185,259

798,684

1,801,814

1,229,270

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

898,246

1,760,058

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

1,506,816

2,179,554

Svenska Handelsbanken Ab (Publ) hold legal charges over the investment properties owned by the company along with a fixed and floating charge over the company.

10.	DEFERRED TAX

£

Balance at 1 January 2024

(4,006

)

Provided during year

(849

)

Balance at 31 December 2024

(4,855

)

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

300,000

Ordinary

£1.00

300,000

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loans from the directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Director

Balance outstanding at start of year

(378,878

)

(390,919

)

Amounts advanced

38,354

38,909

Amounts repaid

-

(26,868

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(340,524

)

(378,878

)

Director

Balance outstanding at start of year

(392,441

)

(401,091

)

Amounts advanced

43,557

8,650

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(348,884

)

(392,441

)

The above loans are interest free.