IRIS Accounts Production v23.4.0.336 14123945 director 23.5.22 31.1.23 31.1.23 5.3.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141239452022-05-22141239452023-01-31141239452022-05-232023-01-31141239452022-05-2214123945ns15:EnglandWales2022-05-232023-01-3114123945ns14:PoundSterling2022-05-232023-01-3114123945ns10:Director12022-05-232023-01-3114123945ns10:PrivateLimitedCompanyLtd2022-05-232023-01-3114123945ns10:SmallEntities2022-05-232023-01-3114123945ns10:Audited2022-05-232023-01-3114123945ns10:SmallCompaniesRegimeForDirectorsReport2022-05-232023-01-3114123945ns10:SmallCompaniesRegimeForAccounts2022-05-232023-01-3114123945ns10:FullAccounts2022-05-232023-01-3114123945ns10:RegisteredOffice2022-05-232023-01-3114123945ns5:CurrentFinancialInstruments2023-01-3114123945ns5:ShareCapital2023-01-3114123945ns5:FurtherSpecificReserve2ComponentTotalEquity2023-01-3114123945ns5:RetainedEarningsAccumulatedLosses2023-01-3114123945ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 14123945 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 23 MAY 2022 TO 31 JANUARY 2023

FOR

HACKERONE UK LIMITED

HACKERONE UK LIMITED (REGISTERED NUMBER: 14123945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 MAY 2022 TO 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HACKERONE UK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 23 MAY 2022 TO 31 JANUARY 2023







DIRECTOR: M G Mickos





REGISTERED OFFICE: 4th Floor, St. James House
St. James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 14123945 (England and Wales)





AUDITORS: Byrd Link Audit & Accountancy Services Limited
Honeybourne Place
Jessop Avenue
Cheltenham
Gloucestershire
GL50 3SH

HACKERONE UK LIMITED (REGISTERED NUMBER: 14123945)

BALANCE SHEET
31 JANUARY 2023

Notes £
CURRENT ASSETS
Debtors 4 1,444,460
Cash at bank 179,235
1,623,695
CREDITORS
Amounts falling due within one year 5 1,336,914
NET CURRENT ASSETS 286,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,781

CAPITAL AND RESERVES
Called up share capital 100
Other reserves 203,960
Retained earnings 82,721
286,781

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





M G Mickos - Director


HACKERONE UK LIMITED (REGISTERED NUMBER: 14123945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 MAY 2022 TO 31 JANUARY 2023


1. STATUTORY INFORMATION

HackerOne UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The director has sought and received response from the parent company that financial support will be forthcoming for the next twelve months. On this basis, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HACKERONE UK LIMITED (REGISTERED NUMBER: 14123945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 MAY 2022 TO 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on Debtors.

Creditors
Short term creditors are measured at the transaction price.

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.

Share based payments
Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each Statement of financial position date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 40 .

HACKERONE UK LIMITED (REGISTERED NUMBER: 14123945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 MAY 2022 TO 31 JANUARY 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 449
Amounts owed by group undertakings 1,306,819
Other debtors 137,192
1,444,460

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 23,787
Amounts owed to group undertakings 1,078,118
Corporation tax 72,160
Other creditors 685
Pension creditor 31,876
Accruals and deferred income 130,288
1,336,914

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Russel Byrd FCA (Senior Statutory Auditor)
for and on behalf of Byrd Link Audit & Accountancy Services Limited

7. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £69,831. Contributions totalling £31,876 were payable to the fund at the reporting date and are included within creditors.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of HackerOne Inc. a company incorporated in the United States of America.

The smallest group in which the results of the company are consolidated is that headed by HackerOne Inc. with its registered office at 548 Market Street, PMB 24734, San Francisco, California, 94104.

HACKERONE UK LIMITED (REGISTERED NUMBER: 14123945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 MAY 2022 TO 31 JANUARY 2023


10. SHARE-BASED PAYMENT TRANSACTIONS

The company's ultimate parent company, HackerOne Inc., operates a share based payment scheme for all the employees of the company.

The stock options in HackerOne Inc. are granted to the company's employees at a price equal to the fair value of the shares in HackerOne Inc. at date of the grant and are denominated in US dollars.

The stock options have a four year vesting period. If the stock options remain unexercised after a period of ten years from the date of the grant, the stock options expire. Stock options are forfeited if the employee leaves the company before the options vest.