Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01falseThe principal activity of the company continued to be that of the provision of rights in its intangible assets to its subsidiary company11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07372128 2021-04-01 2022-03-31 07372128 2020-04-01 2021-03-31 07372128 2022-03-31 07372128 2021-03-31 07372128 2020-04-01 07372128 c:Director2 2021-04-01 2022-03-31 07372128 d:Goodwill 2022-03-31 07372128 d:Goodwill 2021-03-31 07372128 d:CurrentFinancialInstruments 2022-03-31 07372128 d:CurrentFinancialInstruments 2021-03-31 07372128 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07372128 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 07372128 d:ShareCapital 2021-04-01 2022-03-31 07372128 d:ShareCapital 2022-03-31 07372128 d:ShareCapital 2020-04-01 2021-03-31 07372128 d:ShareCapital 2021-03-31 07372128 d:ShareCapital 2020-04-01 07372128 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 07372128 d:RetainedEarningsAccumulatedLosses 2022-03-31 07372128 d:RetainedEarningsAccumulatedLosses 2020-04-01 2021-03-31 07372128 d:RetainedEarningsAccumulatedLosses 2021-03-31 07372128 d:RetainedEarningsAccumulatedLosses 2020-04-01 07372128 c:OrdinaryShareClass1 2021-04-01 2022-03-31 07372128 c:OrdinaryShareClass1 2022-03-31 07372128 c:OrdinaryShareClass1 2021-03-31 07372128 c:OrdinaryShareClass2 2021-04-01 2022-03-31 07372128 c:OrdinaryShareClass2 2022-03-31 07372128 c:OrdinaryShareClass2 2021-03-31 07372128 c:OrdinaryShareClass3 2021-04-01 2022-03-31 07372128 c:OrdinaryShareClass3 2022-03-31 07372128 c:OrdinaryShareClass3 2021-03-31 07372128 c:OrdinaryShareClass4 2021-04-01 2022-03-31 07372128 c:OrdinaryShareClass4 2022-03-31 07372128 c:OrdinaryShareClass4 2021-03-31 07372128 c:FRS102 2021-04-01 2022-03-31 07372128 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 07372128 c:FullAccounts 2021-04-01 2022-03-31 07372128 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 07372128 6 2021-04-01 2022-03-31 07372128 d:Goodwill d:OwnedIntangibleAssets 2021-04-01 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07372128














HCFPH LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

 
HCFPH LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Statement of changes in equity
 
 
3
Notes to the financial statements
 
 
4 - 7


 
HCFPH LIMITED
REGISTERED NUMBER:07372128

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
456,315
518,539

Investments
 5 
100
100

  
456,415
518,639

Current assets
  

Debtors: amounts falling due within one year
 6 
1,958,939
858,740

  
1,958,939
858,740

Creditors: amounts falling due within one year
 7 
(2,394,487)
(1,357,539)

Net current liabilities
  
 
 
(435,548)
 
 
(498,799)

Total assets less current liabilities
  
20,867
19,840

  

Net assets
  
20,867
19,840


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
20,767
19,740

  
20,867
19,840


1

 
HCFPH LIMITED
REGISTERED NUMBER:07372128
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The director considers 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 director acknowledges his 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 by: 




................................................
K Simmonds
Director

Date: 11 August 2022

The notes on pages 4 to 7 form part of these financial statements.

2

 
HCFPH LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2020
100
19,232
19,332


Comprehensive income for the year

Profit for the year
-
108,908
108,908
Total comprehensive income for the year
-
108,908
108,908

Dividends: Equity capital
-
(108,400)
(108,400)


Total transactions with owners
-
(108,400)
(108,400)



At 1 April 2021
100
19,740
19,840


Comprehensive income for the year

Profit for the year
-
1,037,913
1,037,913
Total comprehensive income for the year
-
1,037,913
1,037,913

Dividends: Equity capital
-
(1,036,886)
(1,036,886)


Total transactions with owners
-
(1,036,886)
(1,036,886)


At 31 March 2022
100
20,767
20,867


The notes on pages 4 to 7 form part of these financial statements.

3

 
HCFPH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

HCFPH Limited is a private company, limited by shares, registered in England and Wales, registration number 07372128. The registered office is Elsley Court, 20-22 Great Titchfield Street, London W1W 8BE. The principal place of business is 1st Floor, 3 Orient Centre, Greycaine Road, Watford, Hertfordshire, WD24 7 GP.
The principal activity of the company continued to be that of the provision of rights in its intangible assets to its subsidiary company.

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 is not required to prepare consolidated accounts due to exemption under Companies Act 2006 section 383 applicable to small groups.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts. The following criteria must also be met before revenue is recognised:

Fees receivable
Fees are recognised in the accounting period in which the services are rendered.
Dividend income
Dividend income is recognised when the right to receive payment is established.

 
2.3

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the profit and loss account over its useful economic life.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

4

 
HCFPH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.6

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans to or from related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

 
2.7

Creditors

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

 
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.

 
2.9

 Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

5

 
HCFPH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2021
1,329,837



At 31 March 2022

1,329,837



Amortisation


At 1 April 2021
811,297


Charge for the year on owned assets
62,225



At 31 March 2022

873,522



Net book value



At 31 March 2022
456,315



At 31 March 2021
518,540




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2021
100



At 31 March 2022
100





6.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
1,958,704
858,385

Prepayments and accrued income
235
355

1,958,939
858,740


6

 
HCFPH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

7.


Creditors: amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
2,377,587
1,340,700

Corporation tax
14,579
14,518

Other creditors
605
605

Accruals and deferred income
1,716
1,716

2,394,487
1,357,539



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



40 (2021 - 40) 'A1' ordinary shares of £1.00 each
40
40
10 (2021 - 10) 'A2' ordinary shares of £1.00 each
10
10
40 (2021 - 40) 'B1' ordinary shares of £1.00 each
40
40
10 (2021 - 10) 'B2' ordinary shares of £1.00 each
10
10

100

100


9.


Related party transactions

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

 
7