Company Registration No. SC514897 (Scotland)
Hmology Limited
Unaudited accounts
for the year ended 31 March 2025
Hmology Limited
Unaudited accounts
Contents
Hmology Limited
Company Information
for the year ended 31 March 2025
Company Number
SC514897 (Scotland)
Registered Office
272 BATH STREET
GLASGOW
G2 4JR
SCOTLAND
Accountants
Exesto Limited
2 Wyemanton Close
Great Barr
Birmingham
B43 6DD
Hmology Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,970
2,573
Investment property
192,730
182,579
Cash at bank and in hand
639
3,000
Creditors: amounts falling due within one year
(112,086)
(102,859)
Net current liabilities
(111,447)
(99,859)
Total assets less current liabilities
84,253
85,293
Provisions for liabilities
Deferred tax
(12,191)
(10,277)
Called up share capital
1
1
Profit and loss account
72,061
75,015
Shareholders' funds
72,062
75,016
For the year ending 31 March 2025 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 December 2025 and were signed on its behalf by
Ms N. Kent
Director
Company Registration No. SC514897
Hmology Limited
Notes to the Accounts
for the year ended 31 March 2025
Hmology Limited is a private company, limited by shares, registered in Scotland, registration number SC514897. The registered office is 272 BATH STREET, GLASGOW, G2 4JR, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
at varying rates on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation for the year comprises current or 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.
Hmology Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
2,033
6,051
8,084
At 31 March 2025
2,091
6,878
8,969
At 1 April 2024
957
4,554
5,511
Charge for the year
177
311
488
At 31 March 2025
1,134
4,865
5,999
At 31 March 2025
957
2,013
2,970
At 31 March 2024
1,076
1,497
2,573
Fair value at 1 April 2024
182,579
Net gain from fair value adjustments
10,151
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2025 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
614
602
Loans from directors
109,355
99,850
Hmology Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Deferred taxation
2025
2024
Accelerated capital allowances
32
47
Revaluation of investment property
12,159
10,230
Provision at start of year
10,277
10,279
Charged/(credited) to the profit and loss account
1,914
(2)
Provision at end of year
12,191
10,277
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
At 31 March 2025 a balance of £109,355 was due to the director. The annual interest only rate of 3% was charged on the balance of the loan and paid to the director on 31.05.2025. The loan is not time-limited.
10
Average number of employees
During the year the average number of employees was 0 (2024: 1).