Hernlane Limited 02112602 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is Computer Consultancy Digita Accounts Production Advanced 6.30.9574.0 true 02112602 2024-06-01 2025-05-31 02112602 2025-05-31 02112602 bus:OrdinaryShareClass1 2025-05-31 02112602 core:CurrentFinancialInstruments 2025-05-31 02112602 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 02112602 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 02112602 core:FurnitureFittingsToolsEquipment 2025-05-31 02112602 core:OtherPropertyPlantEquipment 2025-05-31 02112602 bus:SmallEntities 2024-06-01 2025-05-31 02112602 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 02112602 bus:AbridgedAccounts 2024-06-01 2025-05-31 02112602 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 02112602 bus:RegisteredOffice 2024-06-01 2025-05-31 02112602 bus:Director2 2024-06-01 2025-05-31 02112602 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 02112602 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 02112602 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 02112602 core:OfficeEquipment 2024-06-01 2025-05-31 02112602 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 02112602 core:PlantMachinery 2024-06-01 2025-05-31 02112602 countries:UnitedKingdom 2024-06-01 2025-05-31 02112602 2024-05-31 02112602 core:FurnitureFittingsToolsEquipment 2024-05-31 02112602 core:OtherPropertyPlantEquipment 2024-05-31 02112602 2023-06-01 2024-05-31 02112602 2024-05-31 02112602 bus:OrdinaryShareClass1 2024-05-31 02112602 core:CurrentFinancialInstruments 2024-05-31 02112602 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 02112602 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 02112602 core:FurnitureFittingsToolsEquipment 2024-05-31 02112602 core:OtherPropertyPlantEquipment 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02112602

Hernlane Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 May 2025

Hernlane Limited

(Registration number: 02112602)
Abridged Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 78 | 104
Current assets |  |  |
Debtors |  | 633 | 7,010
Cash at bank and in hand |  | 2,504 | 480
|  | 3,137 | 7,490
Prepayments and accrued income |  | 94 | 86
Creditors: Amounts falling due within one year |  | (11,020) | (11,975)
Net current liabilities |  | (7,789) | (4,399)
Total assets less current liabilities |  | (7,711) | (4,295)
Creditors: Amounts falling due after more than one year |  | (3,303) | (5,324)
Provisions for liabilities |  | (8) | (8)
Net liabilities |  | (11,022) | (9,627)
Capital and reserves |  |  |
Called up share capital | 6 | 99 | 99
Retained earnings |  | (11,121) | (9,726)
Shareholders' deficit |  | (11,022) | (9,627)

For the financial year ending 31 May 2025 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Hernlane Limited

(Registration number: 02112602)
Abridged Balance Sheet as at 31 May 2025

Approved and authorised by the director on 5 February 2026

......................................... Mr Robert Alasdair Forbes Director

Hernlane Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Little Mead
Hollingdon
Buckinghamshire
LU7 0DN
England

The principal place of business is:
38 Lichfield Close
Kempston
Bedford
Bedfordshire
MK42 8UA
United Kingdom

These financial statements were authorised for issue by the director on 5 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hernlane Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% Reducing Balance
Office Equipment | 25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Hernlane Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 26 | 35

Hernlane Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 June 2024 | 418 | 2,567 | 2,985
At 31 May 2025 | 418 | 2,567 | 2,985
Depreciation
At 1 June 2024 | 331 | 2,550 | 2,881
Charge for the year | 22 | 4 | 26
At 31 May 2025 | 353 | 2,554 | 2,907
Carrying amount
At 31 May 2025 | 65 | 13 | 78
At 31 May 2024 | 87 | 17 | 104

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 99 | 99 | 99 | 99