HEART OF AI (META) LIMITED

Executive Summary

HEART OF AI (META) LIMITED demonstrates high financial risk, primarily due to negative net assets and current liabilities exceeding current assets as of the latest accounts. While regulatory compliance is maintained and management appears stable, the financial deterioration and lack of employees raise significant concerns about operational sustainability. Further detailed examination of accounting anomalies and business activities is recommended to clarify the company’s viability.

HEART OF AI (META) LIMITED - Analysis Report

Company Number: 13150948

Analysis Date: 2025-07-29 19:36 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, as evidenced by negative net current assets and net liabilities in the latest financial year. The absence of employees and the drastic deterioration from a positive net asset position to a negative one within one year further exacerbate the operational risk.

2. Key Concerns:

• Negative Net Current Assets and Net Liabilities: As of 31 January 2024, the company reported net current liabilities of £7,530 and net liabilities of the same amount, indicating it owes more than it owns in liquid assets.
• Negative Debtors Balance: The reported debtors figure is negative (£-10,890), an unusual accounting occurrence that may reflect accounting adjustments, disputed receivables, or errors requiring clarification.
• No Employees and Limited Operational Evidence: The company reported zero employees for the year and minimal share capital (£1), raising questions about its operational viability and capacity to generate sustainable revenue.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current with its accounts and confirmation statement filings, indicating regulatory compliance and governance discipline.
• Director Stability: The same director, Mr. Stephen Adrian Licata, has been in place since incorporation, suggesting continuity in management.
• Industry Diversity: The company is classified under multiple SIC codes encompassing IT consultancy, software development, media representation, and casting activities, indicating potential for diversified income streams.

4. Due Diligence Notes:

• Investigate the nature of the negative debtors balance to understand if this is a misclassification, an accounting adjustment, or indicative of receivables write-offs or disputes.
• Review the company’s cash flow statements and bank statements to assess liquidity beyond the snapshot provided by year-end balances.
• Examine any underlying contracts, client engagements, or business activities to verify operational sustainability given the absence of employees and negative equity.
• Assess the impact of the recent name change (from DA8AFLO LIMITED to HEART OF AI (META) LIMITED) for any strategic shifts or restructuring that might explain financial performance changes.