IRIS Accounts Production v26.1.10.61 15892538 director 12.8.24 31.8.25 31.8.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 15892538 2024-08-11 15892538 2025-08-31 15892538 2024-08-12 2025-08-31 15892538 2024-08-11 15892538 ns15:EnglandWales 2024-08-12 2025-08-31 15892538 ns14:PoundSterling 2024-08-12 2025-08-31 15892538 ns10:Director1 2024-08-12 2025-08-31 15892538 ns10:PrivateLimitedCompanyLtd 2024-08-12 2025-08-31 15892538 ns10:SmallEntities 2024-08-12 2025-08-31 15892538 ns10:AuditExempt-NoAccountantsReport 2024-08-12 2025-08-31 15892538 ns10:SmallCompaniesRegimeForDirectorsReport 2024-08-12 2025-08-31 15892538 ns10:SmallCompaniesRegimeForAccounts 2024-08-12 2025-08-31 15892538 ns10:FullAccounts 2024-08-12 2025-08-31 15892538 ns5:CurrentFinancialInstruments 2025-08-31 15892538 ns5:ShareCapital 2025-08-31 15892538 ns5:RetainedEarningsAccumulatedLosses 2025-08-31 15892538 ns10:RegisteredOffice 2024-08-12 2025-08-31 15892538 ns5:MotorVehicles 2024-08-12 2025-08-31 15892538 ns5:ComputerEquipment 2024-08-12 2025-08-31 15892538 ns5:MotorVehicles 2025-08-31 15892538 ns5:ComputerEquipment 2025-08-31 15892538 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-08-31 15892538 ns10:Director1 1 2024-08-11 15892538 ns10:Director1 1 2024-08-12 2025-08-31 15892538 ns10:Director1 1 2025-08-31

REGISTERED NUMBER: 15892538 (England and Wales)

Unaudited Financial Statements

for the Period 12 August 2024 to 31 August 2025

for

Hertz Construction Ltd

Hertz Construction Ltd (Registered number: 15892538)

Contents of the Financial Statements

for the Period 12 August 2024 to 31 August 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

Hertz Construction Ltd (Registered number: 15892538)

Balance Sheet

31 August 2025

| Notes | £ | £ |

| FIXED ASSETS

| Tangible assets | 5 | 12,113 |  |

| CURRENT ASSETS

| Stocks | 2,000 |  |  |

| Debtors | 6 | 14,421 |  |  |

| Cash at bank | 21,749 |  |  |

38,170 |  |

| CREDITORS

| Amounts falling due within one year | 7 | 48,698 |  |

| NET CURRENT LIABILITIES | (10,528 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,585 |  |

| PROVISIONS FOR LIABILITIES | 1,083 |  |

| NET ASSETS | 502 |  |

| CAPITAL AND RESERVES

| Called up share capital | 100 |  |

| Retained earnings | 402 |  |

502 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2026 and were signed by:

Mr CM Musk - Director

Hertz Construction Ltd (Registered number: 15892538)

Notes to the Financial Statements

for the Period 12 August 2024 to 31 August 2025

1. | STATUTORY INFORMATION

| Hertz Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 15892538

| Registered office: | 18-20 High Street

| Stevenage

| United Kingdom

| Hertfordshire

| SG1 3EJ

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The financial statements are prepared in sterling, which is the functional currency of the entity.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| Income from services is recognised in the period in which the services are delivered. Where income is received in advance of the service being provided or performance obligations being met, it is deferred and recognised as a liability in the balance sheet. This income is subsequently recognised in the profit and loss account when the service is delivered or the performance obligation is satisfied.

| Tangible fixed 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 |  |

| Computer equipment |  | 25% straight line |  |

| Motor vehicles |  | 33% reducing balance |  |

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hertz Construction Ltd (Registered number: 15892538)

Notes to the Financial Statements - continued

for the Period 12 August 2024 to 31 August 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits.

| Trade debtors

| Trade debtors are amounts due from customers for services performed in the ordinary course of business.

| Trade debtors are recognised at the transaction price.

| Trade debtors are reviewed for bad debts on an annual basis. Any adjustment is made accordingly through the profit and loss account.

| 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 at the transaction price.

| 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.

| Going concern

| At the balance sheet date, the company had net current liabilities of £10,528 and retained earnings of £402. The director has pledged to continue to financially support the company for the foreseeable future. On this basis, the director feels it is appropriate to prepare these financial statements on a going concern basis.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 .

Hertz Construction Ltd (Registered number: 15892538)

Notes to the Financial Statements - continued

for the Period 12 August 2024 to 31 August 2025

5. | TANGIBLE FIXED ASSETS

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| Additions | 11,478 |  | 5,575 |  | 17,053 |  |

| At 31 August 2025 | 11,478 |  | 5,575 |  | 17,053 |  |

| DEPRECIATION

| Charge for period | 4,103 |  | 837 |  | 4,940 |  |

| At 31 August 2025 | 4,103 |  | 837 |  | 4,940 |  |

| NET BOOK VALUE

| At 31 August 2025 | 7,375 |  | 4,738 |  | 12,113 |  |

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

£ |

| Other debtors | 2,685 |  |

| Directors' current accounts | 11,736 |  |

14,421 |  |

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

£ |

| Trade creditors | 2,681 |  |

| Tax | 26,543 |  |

| Social security and other taxes | 5,243 |  |

| VAT | 11,058 |  |

| Other creditors | 200 |  |

| Accrued expenses | 2,973 |  |

48,698 |  |

8. | RELATED PARTY TRANSACTIONS

| The following advances and credits to a director subsisted during the period ended 31 August 2025:

£ |

| Mr CM Musk |

| Balance outstanding at start of period | - |  |

| Amounts advanced | 226,990 |  |

| Amounts repaid | (215,254 | ) |

| Amounts written off | - |  |

| Amounts waived | - |  |

| Balance outstanding at end of period | 11,736 |  |

| Interest is being charged on this loan at a market rate. £6,746 of this loan was paid off by 31st May 2026.

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr C Musk by virtue of his shareholdings.

Hertz Construction Ltd (Registered number: 15892538)

Notes to the Financial Statements - continued

for the Period 12 August 2024 to 31 August 2025

10. | SHARE CAPITAL

| Allotted, called up and fully paid shares

| 2025 |  |

|  | No. |  | £ |  |

| Ordinary shares of £1 each |  | 100 |  | 100 |  |

11. | DIVIDENDS

| 2025 |  |

| £ |  |

| Interim dividend of £735 per ordinary share |  | 73,500 |  |