ACCOUNTS - Final Accounts preparation

Registered number: 15408954

HIEDBERG CONSULT LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

HIEDBERG CONSULT LTD

REGISTERED NUMBER: 15408954

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		As restated
	2026	2025
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	172,371		151,906
Cash at bank and in hand		7,681		1,932
		180,052		153,838
Creditors: amounts falling due within one year	5	(107,258)		(82,768)
Net current assets			72,794		71,070

Net assets			72,794		71,070

Capital and reserves
Called up share capital	1	1
Profit and loss account	72,793	71,069
	72,794	71,070

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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M O MacCarthy

Director

Date: 9 October 2026

The notes on pages 3 to 7 form part of these financial statements.

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HIEDBERG CONSULT LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 February 2024	1	-	1

Profit for the year	-	99,995	99,995
Dividends	-	(28,926)	(28,926)

At 1 February 2025 (as previously stated)	1	67,363	67,364
Prior year adjustment - see note 6	-	3,706	3,706
At 1 February 2025 (as restated)	1	71,069	71,070

Profit for the year	-	7,616	7,616
Dividends	-	(5,892)	(5,892)
At 31 January 2026	1	72,793	72,794

The notes on pages 3 to 7 form part of these financial statements.

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HIEDBERG CONSULT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Hiedberg Consult Ltd is a private company limited by shares and is registered in England and Wales. The registered company number is 15408954. The registered office address and principal place of business is 5th Floor, 167 Great Portland Street, London, W1W 5PF.

The Company’s functional and presentational currency is £ sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

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, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The director has reviewed the Company's liabilities over the next 12 months and considers the business to be a going concern. She will continue to support the Company as required along with steps taken by management to ensure that all financial commitments can be met when they fall due.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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HIEDBERG CONSULT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Taxation

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

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HIEDBERG CONSULT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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HIEDBERG CONSULT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the director, during the year was 1 (2025 - 1).

Debtors

						As restated
					2026	2025
					£	£


Amounts owed by group undertakings	148,881	148,191
Other debtors	23,490	3,715
	172,371	151,906

5.	Creditors: amounts falling due within one year
		2026	2025
		£	£

Trade creditors	46,693	48,947
Corporation tax	878	33,821
Other creditors	52,787	-
Accruals	6,900	-
	107,258	82,768

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HIEDBERG CONSULT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

6.	Prior year adjustment

During the year, the director identified that dividends recognised in the prior year financial statements exceeded the amount supported by the underlying dividend documentation.

Comparative amounts have been restated to reflect the correct dividend declared. As a result, retained earnings at 1 February 2025 have increased by £3,706 and the balance due from the director has increased by £3,706.

The adjustment has no impact on the profit or loss for either the current or prior year.

In addition, certain comparative expenses have been reclassified between cost of sales and administrative expenses to improve consistency with the current year presentation. This reclassification had no impact on net profit for the year, net assets or equity.

Related party transactions

At 31 January 2026, the Company was owed £148,881 (2024: £148,191) from Minerva Data Ltd, a company under common control.

At 31 January 2026, the Company owed £160 to (2025: was owed £8 from) Kodeera Ltd, a company under common control.

At 31 January 2026, £23,489 (2025 as restated: £3,706) was due from the director. This balance is unsecured, interest free and repayable on demand.

Balances due to and from related undertakings are unsecured, interest free and repayable on demand.

8.	Controlling party

The controlling party is M O MacCarthy.

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