Company Registration No. 13015840 (England and Wales)
Herts Global Limited
Unaudited accounts
for the year ended 30 November 2025
Herts Global Limited
Unaudited accounts
Contents
Herts Global Limited
Company Information
for the year ended 30 November 2025
Directors
Dr Kaushalya Dissanayake
Mr Sidath Dissanayake
Company Number
13015840 (England and Wales)
Registered Office
105 Courtyard Studios
Lakes Innovation Centre
Braintree
CM7 3AN
England
Accountants
Taxacc Solutions Ltd
Riverside House
River Lawn Road
Tonbridge
Kent
TN9 1EP
Herts Global Limited
Statement of financial position
as at 30 November 2025
Tangible assets
580
797,602
Investment property
795,000
-
Cash at bank and in hand
16,294
20,622
Creditors: amounts falling due within one year
(7,752)
(422,354)
Net current assets/(liabilities)
9,036
(401,732)
Total assets less current liabilities
804,616
395,870
Creditors: amounts falling due after more than one year
(792,844)
(399,088)
Net assets/(liabilities)
11,772
(3,218)
Called up share capital
100
100
Profit and loss account
11,672
(3,318)
Shareholders' funds
11,772
(3,218)
For the year ending 30 November 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 25 August 2026 and were signed on its behalf by
Mr Sidath Dissanayake
Director
Company Registration No. 13015840
Herts Global Limited
Notes to the Accounts
for the year ended 30 November 2025
Herts Global Limited is a private company, limited by shares, registered in England and Wales, registration number 13015840. The registered office is 105 Courtyard Studios, Lakes Innovation Centre, Braintree, CM7 3AN, 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 been consistently applied within the same accounts.
These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of land and buildings and certain financial assets and liabilities measured at fair value through profit or loss.
Functional and presentation currency
The company’s functional and presentation currency is the pound sterling.
"Investment property, which is a property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting date. Changes in fair value are recognised in the profit & loss account.
Deferred taxation is provided on these gains at the rate expected to apply when the property is sold."
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue 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. Revenue 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.
"The company meets its day-to-day working capital requirements through its bank facilities. The current economic conditions continue to create uncertainty over (a) the level of demand for the company’s products. (b) the availability of bank finance for the foreseeable future.
The current and future financial position of the Company, its cash flows and liquidity position has been reviewed by the directors. These have been prepared with a very prudent view of the likely gradual recovery in each of the Company's operating locations and have been stress tested to ensure that cash flows and liquidity are sufficiently robust to allow the Company to continue to trade during this period.
The company’s forecasts and projections, taking into account a severe but plausible change in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore, continues to adopt the going concern basis in preparing its financial statements."
Herts Global Limited
Notes to the Accounts
for the year ended 30 November 2025
Tangible fixed assets and depreciation
"Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Freehold property is measured using the revaulation model and revauled with sufficient frequency.
Depreciation is provided on the following basis:"
Land & buildings
Revaluation Model
Fixtures & fittings
33.33% SLM
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2024
797,602
-
797,602
Transfer to investment property
(797,602)
-
(797,602)
At 30 November 2025
-
597
597
Charge for the year
-
17
17
At 30 November 2025
-
17
17
At 30 November 2025
-
580
580
At 30 November 2024
797,602
-
797,602
Net loss from fair value adjustments
(2,602)
Transfers from tangible fixed assets
797,602
At 30 November 2025
795,000
Amounts falling due within one year
Herts Global Limited
Notes to the Accounts
for the year ended 30 November 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
3,088
-
Other creditors
4,064
6,498
Loans from directors
-
396,239
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
369,088
399,088
Loans from directors
423,756
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).