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For the year ended 31 January 2026
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Registered number: 12414308
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Hearwind Ltd - Registered number: 12414308
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Statement of financial position
As at 31 January 2026
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Page 1
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Hearwind Ltd - Registered number: 12414308
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Statement of financial position (continued)
As at 31 January 2026
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue and were signed by:
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the financial statements
For the year ended 31 January 2026
The company is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business is Unit 26, Parklands Railton Road, Guildford, Surrey, GU2 9JX. The company registration number is 12414308.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise
specified within these accounting policies and in accordance with Financial Reporting Standard 102
section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS
102') and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:
Revenue comprises of rental income received or receivable excluding Value Added Tax.
Rental income arising from investment properties is recognised in profit or loss on a straight-line basis over the period of the lease.
Lease incentives granted to tenants (such as rent-free periods or reduced rent) are spread over the lease term on a straight-line basis as a reduction of rental income.
Income is only recognised when it is probable that the economic benefits will flow to the entity and the
amount can be measured reliably.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Page 3
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Notes to the financial statements
For the year ended 31 January 2026
2.Accounting policies (continued)
The investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Short term debtors are measured at transaction price, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to and from related parties and other third parties.
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The average monthly number of employees, excluding the director, during the year was nil (2025 - nil).
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Freehold investment property
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The 2026 valuations were made by the director, on an open market value basis.
Page 4
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Notes to the financial statements
For the year ended 31 January 2026
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Creditors: amounts falling due within one year
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Other taxation and social security
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Creditors: amounts falling due after more than one year
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Page 5
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Notes to the financial statements
For the year ended 31 January 2026
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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The bank loan dated 18 November 2022 is secured by fixed and floating charges over the assets of the company together with a legal charge over the property known as Unit 26, Parklands Railton Road, Guildford, Surrey, GU2 9JX.
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Page 6
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