Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08192632 2022-04-01 2023-03-31 08192632 2021-04-01 2022-03-31 08192632 2023-03-31 08192632 2022-03-31 08192632 c:Director2 2022-04-01 2023-03-31 08192632 d:MotorVehicles 2022-04-01 2023-03-31 08192632 d:MotorVehicles 2023-03-31 08192632 d:MotorVehicles 2022-03-31 08192632 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08192632 d:OfficeEquipment 2023-03-31 08192632 d:OfficeEquipment 2022-03-31 08192632 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08192632 d:ComputerEquipment 2022-04-01 2023-03-31 08192632 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08192632 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08192632 d:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 08192632 d:CurrentFinancialInstruments 2023-03-31 08192632 d:CurrentFinancialInstruments 2022-03-31 08192632 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08192632 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08192632 d:ShareCapital 2023-03-31 08192632 d:ShareCapital 2022-03-31 08192632 d:SharePremium 2023-03-31 08192632 d:SharePremium 2022-03-31 08192632 d:RetainedEarningsAccumulatedLosses 2023-03-31 08192632 d:RetainedEarningsAccumulatedLosses 2022-03-31 08192632 c:FRS102 2022-04-01 2023-03-31 08192632 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08192632 c:FullAccounts 2022-04-01 2023-03-31 08192632 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08192632 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 08192632 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08192632










HYDROGEN POWER GENERATION SOLUTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HYDROGEN POWER GENERATION SOLUTIONS LIMITED
REGISTERED NUMBER: 08192632

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
15,488
18,000

Tangible assets
 5 
5,782
9,315

  
21,270
27,315

Current assets
  

Debtors: amounts falling due within one year
 6 
37,213
48,800

Cash at bank and in hand
 7 
1,818
4,311

  
39,031
53,111

Creditors: amounts falling due within one year
 8 
(161,131)
(110,283)

Net current liabilities
  
 
 
(122,100)
 
 
(57,172)

Total assets less current liabilities
  
(100,830)
(29,857)

  

Net liabilities
  
(100,830)
(29,857)


Capital and reserves
  

Called up share capital 
  
16
16

Share premium account
  
676,997
676,997

Profit and loss account
  
(777,843)
(706,870)

  
(100,830)
(29,857)

Page 1

 
HYDROGEN POWER GENERATION SOLUTIONS LIMITED
REGISTERED NUMBER: 08192632
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 directors acknowledge their 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: 




................................................
D Newman
Director
Date: 10 July 2023

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

Page 2

 
HYDROGEN POWER GENERATION SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hydrogen Power Generation Solutions Limited  is a private company limited by share capital, incorporated in England and Wales, registration number 08192632. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

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.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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.

Page 3

 
HYDROGEN POWER GENERATION SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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.

The estimated useful lives range as follows:

Motor vehicles
-
2 Years straight line
Computer equipment
-
3 years 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.

 
2.5

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.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank 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

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
HYDROGEN POWER GENERATION SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Patents

£



Cost


At 1 April 2022
80,000


Additions
4,360



At 31 March 2023

84,360



Amortisation


At 1 April 2022
62,000


Charge for the year on owned assets
6,872



At 31 March 2023

68,872



Net book value



At 31 March 2023
15,488



At 31 March 2022
18,000



Page 5

 
HYDROGEN POWER GENERATION SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
4,840
13,764
18,604



At 31 March 2023

4,840
13,764
18,604



Depreciation


At 1 April 2022
2,622
6,667
9,289


Charge for the year on owned assets
2,218
1,315
3,533



At 31 March 2023

4,840
7,982
12,822



Net book value



At 31 March 2023
-
5,782
5,782



At 31 March 2022
2,218
7,097
9,315


6.


Debtors

2023
2022
£
£


Other debtors
37,200
48,787

Called up share capital not paid
13
13

37,213
48,800



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,818
4,311

1,818
4,311


Page 6

 
HYDROGEN POWER GENERATION SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
92,200
48,000

Other taxation and social security
9,648
-

Other creditors
59,283
62,283

161,131
110,283



9.


Related party transactions

At the year end, the amount due to the directors was £54,283 (2022: £57,283).
At the year end the company had an interest free loan of £22,893 (2022: £31,893) due from companies in which the directors have a material interest.
At the year end the company had an interest free loan of £5,000 (2022: £5,000) due to a company in which the directors have a material interest.

 
Page 7