ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false2022-01-01providing brand, social and experiential marketing activities44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10694589 2022-01-01 2022-12-31 10694589 2021-01-01 2021-12-31 10694589 2022-12-31 10694589 2021-12-31 10694589 c:Director2 2022-01-01 2022-12-31 10694589 d:CurrentFinancialInstruments 2022-12-31 10694589 d:CurrentFinancialInstruments 2021-12-31 10694589 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10694589 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10694589 d:ShareCapital 2022-12-31 10694589 d:ShareCapital 2021-12-31 10694589 d:SharePremium 2022-12-31 10694589 d:SharePremium 2021-12-31 10694589 d:CapitalRedemptionReserve 2022-12-31 10694589 d:CapitalRedemptionReserve 2021-12-31 10694589 d:RetainedEarningsAccumulatedLosses 2022-12-31 10694589 d:RetainedEarningsAccumulatedLosses 2021-12-31 10694589 c:OrdinaryShareClass1 2022-01-01 2022-12-31 10694589 c:OrdinaryShareClass1 2022-12-31 10694589 c:OrdinaryShareClass1 2021-12-31 10694589 c:FRS102 2022-01-01 2022-12-31 10694589 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10694589 c:FullAccounts 2022-01-01 2022-12-31 10694589 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10694589 d:Subsidiary1 2022-01-01 2022-12-31 10694589 d:Subsidiary1 1 2022-01-01 2022-12-31 10694589 d:Subsidiary2 2022-01-01 2022-12-31 10694589 d:Subsidiary2 1 2022-01-01 2022-12-31 10694589 d:Subsidiary3 2022-01-01 2022-12-31 10694589 d:Subsidiary3 1 2022-01-01 2022-12-31 10694589 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10694589

HEYSER LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


HEYSER LIMITED REGISTERED NUMBER:10694589

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Investments	4		4,910,056		4,910,056
			4,910,056		4,910,056
Current assets
Debtors: amounts falling due within one year	5	74,896		74,897
Cash at bank and in hand	6	1,305		603
		76,201		75,500
Creditors: amounts falling due within one year	7	(647,475)		(577,973)
Net current liabilities			(571,274)		(502,473)
Total assets less current liabilities			4,338,782		4,407,583

Net assets			4,338,782		4,407,583

Capital and reserves
Called up share capital	8	660	660
Share premium account		1,756,545	1,754,551
Capital redemption reserve		-	2,000
Profit and loss account		2,581,577	2,650,372
		4,338,782	4,407,583


HEYSER LIMITED REGISTERED NUMBER:10694589

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2022

The directors consider 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 directors acknowledge their 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 profit and loss account 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 on 18 December 2023.

N Davidson

Director

The notes on pages 3 to 5 form part of these financial statements.


HEYSER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Heyser Limited is a private company, limited by shares, registered in England and Wales, registration number 10694589.
The registered office address is 4th Floor, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is The Ministry, 79-81 Borough Road, London, SE1 1DN.
The principal activity of the company is that of providing brand, social and experiential marketing activities.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Finance costs

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.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

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

2.5

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.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


HEYSER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition
of financial assets and liabilities like trade and other debtors and creditors, loans from banks and
other third parties and loans to related parties.

2.8

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 directors, during the year was 4 (2021 -4).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2022	4,910,056
	At 31 December 2022	4,910,056

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Registered office	Class of shares	Holding

Hey Human Limited	England and Wales	Ordinary	100%
Closer To Limited	England and Wales	Ordinary	100%
DMWSL 863 Limited	England and Wales	Ordinary	100%

The aggregate of the share capital and reserves as at 31 December 2022 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

Hey Human Limited	574,641	(459,880)
Closer To Limited	382,662	512,299
DMWSL 863 Limited	(2,388)	(811)


HEYSER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Debtors

					2022	2021
					£	£


Amounts owed by group undertakings	74,896	74,897

6.	Cash and cash equivalents
		2022	2021
		£	£

	Cash at bank and in hand	1,305	603

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Bank loans	-	372,083
Amounts owed to group undertakings	636,075	203,724
Corporation tax	100	-
Other creditors	-	2,166
Accruals and deferred income	11,300	-
	647,475	577,973

8.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

660 (2021 -660) Ordinary shares of £1.00 each	660	660

9.	Related party transactions
	No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.