IRIS Accounts Production v26.1.10.61 10653051 Board of Directors 1.6.24 31.5.25 31.5.25 false true false false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10653051 2024-05-31 10653051 2025-05-31 10653051 2024-06-01 2025-05-31 10653051 2023-05-31 10653051 2023-06-01 2024-05-31 10653051 2024-05-31 10653051 ns15:EnglandWales 2024-06-01 2025-05-31 10653051 ns14:PoundSterling 2024-06-01 2025-05-31 10653051 ns10:Director1 2024-06-01 2025-05-31 10653051 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10653051 ns10:SmallEntities 2024-06-01 2025-05-31 10653051 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10653051 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 10653051 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10653051 ns10:FullAccounts 2024-06-01 2025-05-31 10653051 1 2024-06-01 2025-05-31 10653051 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 10653051 ns10:OrdinaryShareClass2 2024-06-01 2025-05-31 10653051 ns10:OrdinaryShareClass3 2024-06-01 2025-05-31 10653051 ns10:Director2 2024-06-01 2025-05-31 10653051 ns10:RegisteredOffice 2024-06-01 2025-05-31 10653051 ns5:CurrentFinancialInstruments 2025-05-31 10653051 ns5:CurrentFinancialInstruments 2024-05-31 10653051 ns5:Non-currentFinancialInstruments 2025-05-31 10653051 ns5:Non-currentFinancialInstruments 2024-05-31 10653051 ns5:ShareCapital 2025-05-31 10653051 ns5:ShareCapital 2024-05-31 10653051 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 10653051 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 10653051 ns5:MotorVehicles 2024-06-01 2025-05-31 10653051 ns5:ComputerEquipment 2024-06-01 2025-05-31 10653051 ns5:NetGoodwill 2024-05-31 10653051 ns5:NetGoodwill 2025-05-31 10653051 ns5:NetGoodwill 2024-05-31 10653051 ns5:MotorVehicles 2024-05-31 10653051 ns5:ComputerEquipment 2024-05-31 10653051 ns5:MotorVehicles 2025-05-31 10653051 ns5:ComputerEquipment 2025-05-31 10653051 ns5:MotorVehicles 2024-05-31 10653051 ns5:ComputerEquipment 2024-05-31 10653051 ns5:CostValuation 2025-05-31 10653051 ns5:CostValuation 2024-05-31 10653051 ns5:AdditionsToInvestments 2025-05-31 10653051 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-05-31 10653051 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 10653051 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 10653051 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-05-31 10653051 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-05-31 10653051 ns5:Non-currentFinancialInstruments 2024-06-01 2025-05-31 10653051 ns10:OrdinaryShareClass1 2025-05-31 10653051 ns10:OrdinaryShareClass2 2025-05-31 10653051 ns10:OrdinaryShareClass3 2025-05-31

REGISTERED NUMBER: 10653051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

H AND O INNOVATIONS LIMITED

H AND O INNOVATIONS LIMITED (REGISTERED NUMBER: 10653051) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| H AND O INNOVATIONS LIMITED |

COMPANY INFORMATION

For The Year Ended 31 May 2025

| DIRECTORS: | Dr H Gupta

| Dr O Pereira

| REGISTERED OFFICE: | Central House

| 47 St Pauls Street

| Leeds

| LS1 2TE

| REGISTERED NUMBER: | 10653051 (England and Wales)

| ACCOUNTANTS: | Fortus Limited

| Business Advisors & Accountants

| Equinox House

| Clifton Park, Shipton Road

| York

| YO30 5PA

H AND O INNOVATIONS LIMITED (REGISTERED NUMBER: 10653051) |

BALANCE SHEET

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 4,777 |  | 4,758 |  |

Investments | 6 | 93,112 |  | 7,500 |  |

97,889 |  | 12,258 |  |

CURRENT ASSETS

Debtors | 7 | 67,167 |  | 65,898 |  |

Cash at bank | 7,700 |  | 96,123 |  |

74,867 |  | 162,021 |  |

CREDITORS

Amounts falling due within one year | 8 | 25,363 |  | 60,231 |  |

NET CURRENT ASSETS | 49,504 |  | 101,790 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 147,393 |  | 114,048 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (5,217 | ) | (12,788 | ) |

PROVISIONS FOR LIABILITIES | (909 | ) | (905 | ) |

NET ASSETS | 141,267 |  | 100,355 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 3,001 |  | 3,001 |  |

Retained earnings | 138,266 |  | 97,354 |  |

SHAREHOLDERS' FUNDS | 141,267 |  | 100,355 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

H AND O INNOVATIONS LIMITED (REGISTERED NUMBER: 10653051) |

BALANCE SHEET - continued

31 May 2025

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 26 January 2026 and were signed on its behalf by:

Dr H Gupta - Director

H AND O INNOVATIONS LIMITED (REGISTERED NUMBER: 10653051) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| H and O Innovations 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.

| The financial statements are prepared in pounds sterling, which is the functional and presentation currency of the company. All amounts have been rounded to the nearest pound unless otherwise indicated.

| Turnover

| Turnover represents net invoiced sales of services provided, excluding value added tax.

| Tangible fixed assets

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

| Motor vehicles | - | 25% Reducing balance

| Computer equipment | - | 33% on cost

| Investments in associates

| Investments in associate undertakings are recognised at cost.

| 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

| 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 3 (2024 - 3 ) .

H AND O INNOVATIONS LIMITED (REGISTERED NUMBER: 10653051) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 May 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 10,857 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 10,857 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 65,938 |  | 11,320 |  | 77,258 |  |

| Additions | - |  | 2,798 |  | 2,798 |  |

| At 31 May 2025 | 65,938 |  | 14,118 |  | 80,056 |  |

| DEPRECIATION

| At 1 June 2024 | 65,938 |  | 6,562 |  | 72,500 |  |

| Charge for year | - |  | 2,779 |  | 2,779 |  |

| At 31 May 2025 | 65,938 |  | 9,341 |  | 75,279 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | 4,777 |  | 4,777 |  |

| At 31 May 2024 | - |  | 4,758 |  | 4,758 |  |

6. | FIXED ASSET INVESTMENTS

| Interest |

| in |  | Other |

| associate |  | investments |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 June 2024 | 3,000 |  | 4,500 |  | 7,500 |  |

| Additions | - |  | 55,000 |  | 55,000 |  |

| Revaluations | - |  | 30,612 |  | 30,612 |  |

| At 31 May 2025 | 3,000 |  | 90,112 |  | 93,112 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,000 |  | 90,112 |  | 93,112 |  |

| At 31 May 2024 | 3,000 |  | 4,500 |  | 7,500 |  |

H AND O INNOVATIONS LIMITED (REGISTERED NUMBER: 10653051) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 May 2025

6. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 31 May 2025 is represented by:

| Interest |

| in |  | Other |

| associate |  | investments |  | Totals

£ | £ | £ |

| Valuation in 2024 | 3,000 |  | 4,500 |  | 7,500 |  |

| Valuation in 2025 | - |  | 85,612 |  | 85,612 |  |

3,000 |  | 90,112 |  | 93,112 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 5,733 |  |

| Corporation tax debtor | 11,044 |  | 11,044 |  |

| Amounts owed from related undertaking | 16,500 |  | 9,500 |  |

| Directors' current accounts | 31,937 |  | 32,723 |  |

| Prepayments | 7,686 |  | 6,898 |  |

67,167 |  | 65,898 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Loan creditor | 8,094 |  | 8,094 |  |

| Amounts owed to related

| undertaking | - |  | 31,323 |  |

| Corporation tax | 11,790 |  | 18,466 |  |

| Other creditors | 2,617 |  | - |  |

| Accrued expenses | 2,862 |  | 2,348 |  |

25,363 |  | 60,231 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Loan creditor | 5,217 |  | 12,788 |  |

| The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

H AND O INNOVATIONS LIMITED (REGISTERED NUMBER: 10653051) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 May 2025

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2,000 | Ordinary | £1 | 2,000 |  | 2,000 |  |

| 1 | Ordinary A | £1 | 1 |  | 1 |  |

| 1,000 | Ordinary B | £1 | 1,000 |  | 1,000 |  |

3,001 |  | 3,001 |  |

11. | RELATED PARTY DISCLOSURES

| During the year the company raised invoices totalling £80,000 (2024: £80,000) to Skeletal Imaging Limited, a company of which Dr H Gupta and Dr O Pereira are both directors.

| At 31 May 2025 the company was owed an amount of £16,500 (2024: £9,500) from Radiology Education Limited, a company of which Dr H Gupta and Dr O Pereira are both directors.

| At 31 May 2025 the company owed an amount of £nil (2024: £31,323) to Skeletal Imaging Ltd.

| At 31 May 2025 the company was owed an amount of £31,937 (2024: £32,723) from its directors.