Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-015falseNo description of principal activity12falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06126710 2021-01-01 2021-12-31 06126710 2020-01-01 2020-12-31 06126710 2021-12-31 06126710 2020-12-31 06126710 c:CompanySecretary1 2021-01-01 2021-12-31 06126710 c:Director1 2021-01-01 2021-12-31 06126710 c:RegisteredOffice 2021-01-01 2021-12-31 06126710 d:ComputerEquipment 2021-01-01 2021-12-31 06126710 d:ComputerEquipment 2021-12-31 06126710 d:ComputerEquipment 2020-12-31 06126710 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 06126710 d:CurrentFinancialInstruments 2021-12-31 06126710 d:CurrentFinancialInstruments 2020-12-31 06126710 d:Non-currentFinancialInstruments 2021-12-31 06126710 d:Non-currentFinancialInstruments 2020-12-31 06126710 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06126710 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06126710 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 06126710 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 06126710 d:ShareCapital 2021-12-31 06126710 d:ShareCapital 2020-12-31 06126710 d:RetainedEarningsAccumulatedLosses 2021-12-31 06126710 d:RetainedEarningsAccumulatedLosses 2020-12-31 06126710 c:FRS102 2021-01-01 2021-12-31 06126710 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 06126710 c:FullAccounts 2021-01-01 2021-12-31 06126710 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 06126710 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure
Company registration number: 06126710







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2021


HIGH PERFORMANCE SOFTWARE LIMITED






































img4b1d.png                        

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


 
COMPANY INFORMATION


Director
P.J. Gillett 




Company secretary
J. H. Gillett



Registered number
06126710



Registered office
Lily Hill House
Lily Hill Road

Bracknell

Berkshire

RG12 2SJ




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


HIGH PERFORMANCE SOFTWARE LIMITED
REGISTERED NUMBER:06126710



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
1
3,534

Investments
 5 
50
50

  
51
3,584

Current assets
  

Debtors
 6 
1,289,915
1,136,143

Current asset investments
 7 
773,412
785,912

Cash at bank and in hand
  
48,645
114,164

  
2,111,972
2,036,219

Creditors: amounts falling due within one year
 8 
(1,285,341)
(922,768)

Net current assets
  
 
 
826,631
 
 
1,113,451

Total assets less current liabilities
  
826,682
1,117,035

Creditors: amounts falling due after more than one year
 9 
(128,986)
(283,874)

  

Net assets
  
697,696
833,161


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
697,596
833,061

  
697,696
833,161


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.
 
Page 1

 


HIGH PERFORMANCE SOFTWARE LIMITED
REGISTERED NUMBER:06126710


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021


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 statement of income and retained earnings 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: 


P.J. Gillett
Director
Date: 12 September 2022

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

High Performance Software Limited is a private Company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is given in the Company information page of these financial statements. 
The financial statements are presented in sterling which is the functional currency of the Company and rounded to
the nearest £.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The Coronavirus pandemic is causing significant financial uncertainty globally and at this stage, it is not possible to reliably forecast what the long term impact of this may be.
The director is working to ensure the safety of their employees and maintaining the continuity of their operations as far as they are able, whilst adhering to government advice. The director has also taken all relevant measures to ensure they are able to safeguard cashflows and ongoing projects to put them in the best possible position to be able to secure new opportunities.
Based on the Company's financial position and government support, it is the opinion of the director that the going concern basis of preparation of the accounts continues to be appropriate.

 
2.3

Revenue

Revenue is derived from the provision of a software platform and lead captures.
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, rebates, value added tax and other sales taxes. 

 
2.4

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.

Page 3

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

Valuation of investments

Current asset investments are remeasured annually at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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 reporting date in the countries where the Company operates and generates income.

 
2.10

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, loans to related parties and investments in ordinary shares.

Page 4

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2020 - 12).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2021
16,481



At 31 December 2021

16,481



Depreciation


At 1 January 2021
12,947


Charge
3,533



At 31 December 2021

16,480



Net book value



At 31 December 2021
1



At 31 December 2020
3,534


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
50



At 31 December 2021
50




Page 5

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors


2021
2020
£
£



Trade debtors
41,401
42,395

Other debtors
1,196,282
1,073,338

Called up share capital not paid
100
100

Prepayments and accrued income
13,732
1,595

Corporate and other taxation recoverable
38,400
18,715

1,289,915
1,136,143



7.


Current asset investments

2021
2020
£
£

Unlisted investments
773,412
785,912

773,412
785,912



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other loans
126,788
-

Trade creditors
40,551
11,958

Other taxation and social security
5,241
5,265

Other creditors
1,104,240
880,414

Accruals and deferred income
8,521
25,131

1,285,341
922,768


Page 6

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
128,986
283,874

128,986
283,874


The bank loans are due between two and five years, the figure above is a government backed CIBLS and bounce back loan. Interest will be charged on the bounce back loan at a rate of 2.5%. Interest will be charged on the CIBLS loan at a rate of 10.20%. There is no security for these loans.


10.


Related party transactions

As at 31 December 2021, the Company was owed £1,195,928 (2020 - £1,070,838) by HPS USA Inc, a fully owned subsidiary. 
Included within other creditors is £1,101,831 (2020 - £878,311) due to Marketpoint Europe Limited, a Company in which P.J. Gillett has a controlling interest.
No interest has been charged on  these loans.

 
Page 7