REGISTERED NUMBER: 04914669 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 28 APRIL 2025

FOR

HEARTS INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Harris

J C Harris

REGISTERED OFFICE:

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

REGISTERED NUMBER:

04914669 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

FIXED ASSETS

Tangible assets

4

101,920

109,555

Investments

5

3

303

101,923

109,858

CURRENT ASSETS

Debtors

6

347,865

299,666

Cash at bank

5,218

443

353,083

300,109

CREDITORS

Amounts falling due within one year

7

188,934

88,418

NET CURRENT ASSETS

164,149

211,691

TOTAL ASSETS LESS CURRENT LIABILITIES

266,072

321,549

CREDITORS

Amounts falling due after more than one year

8

(2,387

)

(12,387

)

PROVISIONS FOR LIABILITIES

(18,357

)

(15,933

)

NET ASSETS

245,328

293,229

CAPITAL AND RESERVES

Called up share capital

9

300

300

Retained earnings

245,028

292,929

SHAREHOLDERS' FUNDS

245,328

293,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 April 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.

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 15 July 2026 and were signed on its behalf by:

D Harris - Director

1.	STATUTORY INFORMATION

Hearts Investments 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.

Preparation of consolidated financial statements

The financial statements contain information about Hearts Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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 - 20% straight line on cost

Fixtures & fittings - 10% straight line on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost and are reviewed regularly for impairment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 tax

Deferred tax is recognised in respect of all material 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 financial statements. 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.

Impairment

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2024

27,136

239,086

266,222

Additions

-

25,321

25,321

Disposals

-

(16,460

)

(16,460

)

At 28 April 2025

27,136

247,947

275,083

DEPRECIATION

At 1 May 2024

13,527

143,140

156,667

Charge for period

1,361

24,253

25,614

Eliminated on disposal

-

(9,118

)

(9,118

)

At 28 April 2025

14,888

158,275

173,163

NET BOOK VALUE

At 28 April 2025

12,248

89,672

101,920

At 30 April 2024

13,609

95,946

109,555

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

303

Disposals

(300

)

At 28 April 2025

3

NET BOOK VALUE

At 28 April 2025

3

At 30 April 2024

303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.25

30.4.24

£

£

Amounts owed by group undertakings

32,663

-

Amounts owed by participating interests

9,000

-

Other debtors

306,202

299,666

347,865

299,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.25

30.4.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

900

7,633

Amounts owed to group undertakings

66,369

51,488

Taxation and social security

20,639

17,297

Other creditors

91,026

2,000

188,934

88,418

Included within other creditors are accrued expenses of £2,000 (2024: £2,000).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.4.25

30.4.24

£

£

Bank loans

2,387

12,387

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

100

B Non Voting

£1

100

100

100

C Non Voting

£1

100

100

300

300

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 April 2025 and the year ended 30 April 2024:

28.4.25

30.4.24

£

£

D Harris

Balance outstanding at start of period

51,250

-

Amounts advanced

36,671

51,250

Amounts repaid

(43,800

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

44,121

51,250

Included within amount advanced to director is interest of £971 (2024: £1,250), charged against outstanding balance at HMRC prescribed rates. All outstanding loan balances are repayable on demand and personally guaranteed by the director.

11.	RELATED PARTY DISCLOSURES

Included in debtors due within one year is a balance of £9,000 (2024: £nil), due from Protect Hearts Limited, a company who owns 50% of the share capital in Hearts Investments Ltd. This has been provided on an interest free basis and is repayable on demand.

12.	POST BALANCE SHEET EVENTS

After the date of the financial statements but before they were signed, dividends of £43,600 were voted.