HESED VENTURES LTD


Director	Dr T F Sijuwade


Registered Address	Esperance, Langton Road
	Langton Green
	Tunbridge Wells
	TN3 0ET


Registered Number	07199750 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		5,250		14,250
Tangible assets	4		515,224		525,404
			520,474		539,654
Current assets
Cash at bank and on hand		6,286		1,996
		6,286		1,996
Creditors amounts falling due within one year	5	(141,419)		(109,812)
Net current assets (liabilities)			(135,133)		(107,816)
Total assets less current liabilities			385,341		431,838
Creditors amounts falling due after one year	6		(472,324)		(515,363)
Provisions for liabilities	8		(1,035)		(1,235)
Net assets			(88,018)		(84,760)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(88,019)		(84,761)
Shareholders' funds			(88,018)		(84,760)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 December 2025, and are signed on its behalf by:

Dr T F Sijuwade
Director
Registered Company No. 07199750

HESED VENTURES LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's net liabilities exceeded its net assets by £106,219 (2024 : £84,760). The director considers the going concern basis to be appropriate because in his opinion, the company will obtain sufficient funding from its shareholders to enable it to pay its debts as they fall due.

	Turnover policy
	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 rendering of dental services.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill, being the amount paid in connection with the acquisition of a business in £89,999, is being amortized evenly over its estimated useful life of 10 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are initially stated at cost and subsequently at cost less depreciation. Depreciation is provided on all tangible fixed assets as follows: The building included in land and building is depreciated at 2% SLM.


		Reducing balance (%)
	Plant and machinery	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial  Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including  transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement  constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		3

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	89,999	89,999
At 31 March 25	89,999	89,999
Amortisation and impairment
At 01 April 24	75,749	75,749
Charge for year	9,000	9,000
At 31 March 25	84,749	84,749
Net book value
At 31 March 25	5,250	5,250
At 31 March 24	14,250	14,250

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	586,181	34,338	-	620,519
Additions	-	-	488	488
At 31 March 25	586,181	34,338	488	621,007
Depreciation and impairment
At 01 April 24	65,716	29,399	-	95,115
Charge for year	9,379	1,235	54	10,668
At 31 March 25	75,095	30,634	54	105,783
Net book value
At 31 March 25	511,086	3,704	434	515,224
At 31 March 24	520,465	4,939	-	525,404

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	107,456	60,424
Taxation and social security	3,727	174
Other creditors	30,236	48,651
Accrued liabilities and deferred income	-	563
Total	141,419	109,812

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	472,324	515,363
Total	472,324	515,363


	Included in bank borrowings and overdrafts is a bounceback loan of £25,566 (2024 : £24,270). Also, the other loans are secured on the assets of the company £459,997 (2024 : £502,737).

7.	Obligations under finance leases
	Leasing Agreements : Minimum lease payments under non - cancellable operating leases fall due as follows : Due within one year : £1,019 (2024 : £853).

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,035	1,235
Total	1,035	1,235

9.	Related party transactions
	Included in other creditors is an amount of £28,990 (2024 : £48,128) due to the director.