Company Registration No. 11990396 (England and Wales)
Herel UK Limited
Filleted accounts
for the year ended 31 May 2025
Herel UK Limited
Filleted accounts
Contents
Herel UK Limited
Company Information
for the year ended 31 May 2025
Directors
Jewel Nkechi Okwechime
Chidi Michael Ohakawa
Onyinye Adaora Anyaegbu
Company Number
11990396 (England and Wales)
Registered Office
203a Brighton Road
Purley
Surrey
CR8 4HF
England
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Herel UK Limited
Statement of financial position
as at 31 May 2025
Tangible assets
2,560
3,200
Investment property
877,410
877,410
Cash at bank and in hand
422
8,312
Creditors: amounts falling due within one year
(92,469)
(7,618)
Net current (liabilities)/assets
(72,047)
20,694
Total assets less current liabilities
807,923
901,304
Creditors: amounts falling due after more than one year
(1,000,469)
(1,010,354)
Net liabilities
(192,546)
(109,050)
Called up share capital
100
100
Profit and loss account
(192,646)
(109,150)
Shareholders' funds
(192,546)
(109,050)
For the 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. 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 23 May 2026 and were signed on its behalf by
Onyinye Adaora Anyaegbu
Director
Company Registration No. 11990396
Herel UK Limited
Notes to the Accounts
for the year ended 31 May 2025
Herel UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11990396. The registered office is 203a Brighton Road, Purley, Surrey, CR8 4HF, England.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The financial statements have been prepared on a going concern basis. Although the company's net assets are negative, the directors considered it appropriate as the company is expected to meet its liabilities as they fall due.
Herel UK Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2024
877,410
Amounts falling due within one year
Trade debtors
20,000
20,000
7
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
91,659
-
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
601,444
602,227
Loans from directors
399,025
408,127
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Herel UK Limited
Notes to the Accounts
for the year ended 31 May 2025
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).