Caseware UK (AP4) 2023.0.135 2023.0.135 truefalse2023-01-01No description of principal activity1010trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02955271 2023-01-01 2023-06-15 02955271 2022-01-01 2022-12-31 02955271 2023-06-15 02955271 2022-12-31 02955271 1 2023-01-01 2023-06-15 02955271 d:Director2 2023-01-01 2023-06-15 02955271 c:FurnitureFittings 2023-01-01 2023-06-15 02955271 c:FurnitureFittings 2023-06-15 02955271 c:FurnitureFittings 2022-12-31 02955271 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-01-01 2023-06-15 02955271 c:PatentsTrademarksLicencesConcessionsSimilar 2023-06-15 02955271 c:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 02955271 c:CurrentFinancialInstruments 2023-06-15 02955271 c:CurrentFinancialInstruments 2022-12-31 02955271 c:Non-currentFinancialInstruments 2023-06-15 02955271 c:Non-currentFinancialInstruments 2022-12-31 02955271 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-15 02955271 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 02955271 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-15 02955271 c:Non-currentFinancialInstruments c:AfterOneYear 2022-12-31 02955271 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-06-15 02955271 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-12-31 02955271 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-06-15 02955271 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-12-31 02955271 c:UKTax 2023-01-01 2023-06-15 02955271 c:UKTax 2022-01-01 2022-12-31 02955271 c:ShareCapital 2023-06-15 02955271 c:ShareCapital 2022-12-31 02955271 c:RetainedEarningsAccumulatedLosses 2023-06-15 02955271 c:RetainedEarningsAccumulatedLosses 2022-12-31 02955271 d:FRS102 2023-01-01 2023-06-15 02955271 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-06-15 02955271 d:FullAccounts 2023-01-01 2023-06-15 02955271 d:PrivateLimitedCompanyLtd 2023-01-01 2023-06-15 02955271 2 2023-01-01 2023-06-15 02955271 6 2023-01-01 2023-06-15 iso4217:GBP xbrli:pure

Registered number: 02955271










The Hessel Group Limited








Unaudited

Financial statements

For the Period Ended 15 June 2023

 
The Hessel Group Limited
Registered number: 02955271

Balance sheet
As at 15 June 2023

15 June
31 December
2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 6 
1
1

Tangible assets
 7 
1,439
1,748

Investments
 8 
1
1

  
1,441
1,750

Current assets
  

Debtors: amounts falling due within one year
 9 
296,323
384,426

Cash at bank and in hand
 10 
181,679
438,912

  
478,002
823,338

Creditors: amounts falling due within one year
 11 
(251,635)
(241,556)

Net current assets
  
 
 
226,367
 
 
581,782

Total assets less current liabilities
  
227,808
583,532

Creditors: amounts falling due after more than one year
 12 
-
(63,545)

  

Net assets
  
227,808
519,987


Capital and reserves
  

Called up share capital 
  
22
22

Profit and loss account
  
227,786
519,965

  
227,808
519,987


Page 1

 
The Hessel Group Limited
Registered number: 02955271

Balance sheet (continued)
As at 15 June 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 period 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 statement of comprehensive income 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 on 21 February 2024.




G H Davidson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

1.


General information

The Hessel Group Limited (the company) is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is Unit 5, Spring Gardens, Park Lane, Crowborough, East Sussex, TN6 2QN and the principal activity is that of employee relocation administration and related services.
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

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

Revenue

Turnover comprises revenue recognised by the company in respect of employee relocation administration services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Intangible assets

Intellectual property rights are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

 
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.

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:

Fixtures & fittings
-
straight line over 3 years

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

2.Accounting policies (continued)

 
2.6

Debtors

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

 
2.7

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.

 
2.8

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.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Government grants

Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.11

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.12

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.

 
2.13

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.

Page 4

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

2.Accounting policies (continued)

 
2.14

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.15

Interest income

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

 
2.16

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 period was 10 (2022 - 10).


4.


Interest receivable

2023
2022
£
£


Other interest receivable
1,284
637

1,284
637

Page 5

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

5.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
13,974
46,300


13,974
46,300


Total current tax
13,974
46,300

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
13,974
46,300

Factors affecting tax charge for the period/year

The tax assessed for the period/year is higher than (2022 - lower than) the standard rate of corporation tax in the UK of19% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
49,993
269,561


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2022 - 19%)
9,499
51,217

Effects of:


Expenses not deductible for tax purposes
2,711
4,475

Non-taxable income
-
(9,392)

Other differences leading to an increase in the tax charge
1,764
-

Total tax charge for the period/year
13,974
46,300

Page 6

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

6.


Intangible assets






Intangible Assets

£



Cost


At 1 January 2023
1



At 15 June 2023

1






Net book value



At 15 June 2023
1



At 31 December 2022
1




7.


Tangible fixed assets







Fixtures & fittings

£



Cost or valuation


At 1 January 2023
15,938


Disposals
(4,997)



At 15 June 2023

10,941



Depreciation


At 1 January 2023
14,190


Charge for the period on owned assets
309


Disposals
(4,997)



At 15 June 2023

9,502



Net book value



At 15 June 2023
1,439



At 31 December 2022
1,748

Page 7

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

8.


Fixed asset investments








Investment in subsidiary

£



Cost or valuation


At 1 January 2023
1



At 15 June 2023
1





9.


Debtors

15 June
31 December
2023
2022
£
£


Trade debtors
202,854
315,536

Other debtors
693
693

Prepayments and accrued income
92,776
68,197

296,323
384,426



10.


Cash and cash equivalents

15 June
31 December
2023
2022
£
£

Cash at bank and in hand
181,679
438,912

181,679
438,912


Page 8

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

11.


Creditors: Amounts falling due within one year

15 June
31 December
2023
2022
£
£

Bank loans
-
16,759

Trade creditors
28,641
89,837

Corporation tax
63,003
49,029

Other taxation and social security
19,526
50,931

Other creditors
19,270
-

Accruals and deferred income
121,195
35,000

251,635
241,556



12.


Creditors: Amounts falling due after more than one year

15 June
31 December
2023
2022
£
£

Bank loans
-
63,545

-
63,545


Page 9

 
The Hessel Group Limited
 

 
Notes to the financial statements
For the Period Ended 15 June 2023

13.


Loans


Analysis of the maturity of loans is given below:


15 June
31 December
2023
2022
£
£

Amounts falling due within one year

Bank loans
-
16,759


-
16,759

Amounts falling due 1-2 years

Bank loans
-
16,803


-
16,803

Amounts falling due 2-5 years

Bank loans
-
46,742


-
46,742


-
80,304



14.


Pension commitments

The company operates a defined contribution pension scheme, for the benefit of its employees, including directors. 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. The cost of the pension to the company for the period was £15,774 (2022: £26,229). Contributions totalling £772 (2022: £Nil) were payable to the fund at the balance sheet date and are included in Creditors.


15.


Post balance sheet events

On 15 June 2023, 100% of the isseud share capital of the company was acquired by Jonas Computing (UK) Limited.


16.


Controlling party

For the period under review, the company was controlled by its parent company, Relocation Limited, a company incorporated in England & Wales. The ultimate controlling party were the shareholders of Relocation Limited.
From 15 June 2023, the company is controlled by Jonas Computing (UK) Limited by viture of its acquisition of the company's entire share capital.


Page 10