HEPR Ltd - Accounts to registrar (filleted) - small 18.1

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

HEPR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr Maurizio Bragagni

SECRETARY:

Mr Kevin Martin

REGISTERED OFFICE:

Randles Road

Knowsley Business Park

Knowsley

Prescot

L34 9HX

REGISTERED NUMBER:

06057663 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr James Timothy Card FCCA

AUDITORS:

Hewitt Card Limited

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

CURRENT ASSETS

Debtors

5

-

12,977

Cash at bank

-

15,534

-

28,511

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

-

28,141

NET CURRENT ASSETS

-

370

TOTAL ASSETS LESS CURRENT LIABILITIES

-

370

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(100

)

270

SHAREHOLDERS' FUNDS

-

370

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 May 2018 and were signed by:

Dr Maurizio Bragagni - Director

1.	STATUTORY INFORMATION

HEPR Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on the going concern basis. The validity of which is dependant upon the continued support

of the company's ultimate holding company Tratos Cavi.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those

in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing

difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

202,095

AMORTISATION

At 1 January 2017

and 31 December 2017

202,095

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

VAT

-

12,977

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

-

25,141

Accrued expenses

-

3,000

-

28,141

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr James Timothy Card FCCA (Senior Statutory Auditor)

for and on behalf of Hewitt Card Limited

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Bragagni a shareholding director of the company who also holds a controlling

interest in the ultimate parent company Tratos Srl