Accounts Submission

HERRIARD RECOVERIES LTD - Company Information

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Company Registration Number:
05715580 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

Contents of the Financial Statements

for the Period Ended 30 September 2020


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Directors' Report Period Ended 30 September 2020

The directors present their report with the financial statements of the company for the period ended 30 September 2020

Principal Activities

The principle activity of the Company during the period was the management of facilities management service provision to retailers.

Additional information

During the period, the parent company Phoenicks Ltd sold its share in Herriard Recoveries Ltd to Nicolas W Smale.

Directors

The directors shown below have held office during the whole of the period from 01 October 2019 to 30 September 2020
Nicolas W Smale

This report was approved by the board of directors on 29 June 2021
And Signed On Behalf Of The Board By:

Name: Nicolas W Smale
Status: Director

Balance sheet

As at 30 September 2020

	Notes	2020 £	2019 £
Fixed assets
Total fixed assets:		-	-
Current assets
Stocks:		0	0
Debtors:	4	944,295	553,500
Cash at bank and in hand:		10,066	190
Total current assets:		954,361	553,690
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	5	( 614,036 )	( 469,030 )
Net current assets (liabilities):		340,325	84,660
Total assets less current liabilities:		340,325	84,660
Total net assets (liabilities):		340,325	84,660

The notes form part of these financial statements

Balance sheet continued

As at 30 September 2020

	2020 £	2019 £
Capital and reserves
Called up share capital:	256,384	1
Profit and loss account:	83,941	84,659
Shareholders funds:	340,325	84,660

For the year ending 30 September 2020 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 June 2021
And Signed On Behalf Of The Board By:

Name: Nicolas W Smale
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover derives from the provision of facilities management services. The costs incurred on behalf of customers are netted off the income received. The turnover in the accounts represents the fees charged for these services and is recognised by reference to the stage of completion of the transaction at the balance sheet date. Turnover is recognised exclusive of VAT.

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

	2020	2019
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Debtors

	2020 £	2019 £
Other debtors	944,295	553,500
Total	944,295	553,500

Notes to the Financial Statements

for the Period Ended 30 September 2020

5.Creditors: amounts falling due within one year note

	2020 £	2019 £
Taxation and social security	0	18,950
Accruals and deferred income	568	568
Other creditors	613,468	449,512
Total	614,036	469,030

Notes to the Financial Statements

for the Period Ended 30 September 2020

6. Changes in presentation and prior period adjustments

During the period, share capital increased from £1 to £256,384. 383 shares of £1 each were issued to Nicolas W Smale at nominal value; 256 shares were issued to Watershore Ltd at £1000 a share being £1 per share nominal and £999 share premium.

Notes to the Financial Statements

for the Period Ended 30 September 2020

7.1.Related party disclosures

Name of related party:	Updraft Ltd
Description of relationship:
Mr Smale, majority owner of Herriard Recoveries is sole owner of Updraft Ltd
Description of the transaction:
Advance payments for a licence agreement to resell Updraft Ltd's Shoogle software. The balance owing is included in other debtors.
Balance at 01 October 2019	351,850
Balance at 30 September 2020	344,412

Name of related party:	Phoenicks Ltd
Description of relationship:
Phoenicks for the previous period was the parent company of Herriard Recoveries. During the current period, Phoenicks sold its share in the Company to Mr Nicolas Smale, the Director. Since Phoenicks is majority owned by Mr Smale, it is a related party.
Description of the transaction:
Herriard and Phoenicks Ltd operated from a joint bank account during the period. Transactions have been accounted for in the respective company's books on an arms length basis. The balance owing is included in Other Creditors.
Balance at 01 October 2019	249,709
Balance at 30 September 2020	340,310

Notes to the Financial Statements

for the Period Ended 30 September 2020

7.2.Related party disclosures

Name of related party:	Watershore Ltd and Hazel Bowles
Description of relationship:
Watershore Ltd is wholly owned by Hazel Bowles and has acquired 40% of the share capital during the current period.
Description of the transaction:
1 Watershore made loans to Herriard Recoveries totalling £303,000 during the period 2 Loans totalling £256,000 (being part of the loans above) were capitalised to acquire 40% of the share capital. Thus loans owing to Watershore total £47,000 at the Balance Sheet date and are included in Other Creditors.
Balance at 01 October 2019	0
Balance at 30 September 2020	47,000

Director:		Nicolas W Smale


Registered office:		Pepperbox Herriard Basingstoke Hampshire RG25 2PQ


Company Registration Number:		05715580 (England and Wales)

Accounts Submission