1 February 2024 false No description of principal activity Taxfiler 2024.6 12385156 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12385156 2024-01-31 12385156 2024-02-01 2025-01-31 12385156 business:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 12385156 business:FilletedAccounts 2024-02-01 2025-01-31 12385156 2025-01-31 12385156 business:Director1 2024-02-01 2025-01-31 12385156 business:Director2 2024-02-01 2025-01-31 12385156 business:Director3 2024-02-01 2025-01-31 12385156 business:RegisteredOffice 2024-02-01 2025-01-31 12385156 2024-01-31 12385156 core:WithinOneYear 2025-01-31 12385156 core:WithinOneYear 2024-01-31 12385156 core:AfterOneYear 2025-01-31 12385156 core:AfterOneYear 2024-01-31 12385156 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 12385156 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 12385156 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 12385156 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 12385156 core:PreviouslyStatedAmount 2025-01-31 12385156 core:PreviouslyStatedAmount 2024-01-31 12385156 business:SmallEntities 2024-02-01 2025-01-31 12385156 countries:EnglandWales 2024-02-01 2025-01-31 12385156 core:PlantMachinery 2024-02-01 2025-01-31 12385156 core:FurnitureFittings 2024-02-01 2025-01-31 12385156 core:PlantMachinery 2024-01-31 12385156 core:FurnitureFittings 2024-01-31 12385156 core:PlantMachinery 2025-01-31 12385156 core:FurnitureFittings 2025-01-31 12385156 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12385156 (England and Wales)
HAC Ventures Ltd Unaudited accounts for the year ended 31 January 2025
HAC Ventures Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
HAC Ventures Ltd Company Information for the year ended 31 January 2025
Directors
Mr G T H J Archer Mr J-P Chamberlain Mr D W Herbert
Company Number
12385156 (England and Wales)
Registered Office
167-169 Great Portland Street 5th Floor London W1W 5PF United Kingdom
Accountants
Loizou Associates Limited 71-75 Shelton Street Covent Garden London WC2H 9JQ
- 3 -
HAC Ventures Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
16,751
22,334
Current assets
Debtors
5
24,189
7,851
Cash at bank and in hand
15,075
12,863
39,264
20,714
Creditors: amounts falling due within one year
6
(27,713)
(12,495)
Net current assets
11,551
8,219
Total assets less current liabilities
28,302
30,553
Creditors: amounts falling due after more than one year
7
(184,347)
(159,458)
Net liabilities
(156,045)
(128,905)
Capital and reserves
Called up share capital
8
8
Profit and loss account
(156,053)
(128,913)
Shareholders' funds
(156,045)
(128,905)
For the year ending 31 January 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 directors acknowledge 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 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 of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by
Mr G T H J Archer Director Company Registration No. 12385156
- 4 -
HAC Ventures Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
HAC Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 12385156. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparing the accounts
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. The accounts have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities as they fall due.
Presentation currency
The presentation currency of the accounts is the Pound 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
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Taxation
Taxation for the period 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the accounts. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period 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.
- 5 -
HAC Ventures Ltd Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
36,496
150
36,646
At 31 January 2025
36,496
150
36,646
Depreciation
At 1 February 2024
14,247
65
14,312
Charge for the year
5,562
21
5,583
At 31 January 2025
19,809
86
19,895
Net book value
At 31 January 2025
16,687
64
16,751
At 31 January 2024
22,249
85
22,334
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
18,986
3,243
Accrued income and prepayments
3,003
2,608
Other debtors
2,200
2,000
24,189
7,851
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
9,367
1,375
Trade creditors
3,400
2,082
Taxes and social security
2,937
2,925
Loans from directors
9,509
4,573
Accruals
2,500
1,540
27,713
12,495
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
184,347
159,458
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -