HEARBASE LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have taken the decision to close the company, and accordingly the company is expected to cease trading within 12 months of the approval of these financial statements. For this reason, the annual financial statements have been prepared on a basis other than that of a going concern as the company may not be in operational existence 12 months following the approval of the financial statements.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kreston Reeves Audit LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The directors have taken the decision to close the company, and accordingly the company is expected to cease trading within 12 months of the approval of these financial statements. For this reason, the annual financial statements have been prepared on a basis other than that of a going concern as the company may not be in operational existence 12 months following the approval of the financial statements.”

Group structure

1. HEARBASE LIMITED · parent
   1. Sevenoaks Hearing Care Centre Limited

Significant events

• “On 3 June 2024, a share purchase agreement saw WDH UK Ltd, an existing shareholder, become 100% owners of the Company. A subsequent share agreement transferred 100% ownership to Hidden Hearing Limited with effect from 8 August 2024.”
• “On 1st November 2024, the Company completed an asset sale with its new parent company, transferring ownership of the section of the Company that operates in the private hearing aid retail market, including transferring all clinics and all relevant employees.”
• “The directors have taken the decision to close the company, and accordingly the company is expected to cease trading within 12 months of the approval of these financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -49.8%

  £2,900,026 → £1,454,555

• Cash

  +57.5%

  £52,810 → £83,172

• Net assets

  +264.9%

  -£107,146 → £176,700

  highest in 6 filed years

• Employees

  -26.5%

  34 → 25

  lowest in 6 filed years

• Operating profit

  +159.7%

  -£168,816 → £100,777

• Profit before tax

  +118.3%

  £120,469 → £263,018

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers