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REGISTERED NUMBER: 12921413 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

REMOTE HERO (UK) LIMITED

REMOTE HERO (UK) LIMITED (REGISTERED NUMBER: 12921413)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REMOTE HERO (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: B N Thompson





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 12921413 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

REMOTE HERO (UK) LIMITED (REGISTERED NUMBER: 12921413)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 3,526,853 779,649
Cash at bank 10,452 -
3,537,305 779,649
CREDITORS
Amounts falling due within one year 5 3,559,332 799,279
NET CURRENT LIABILITIES (22,027 ) (19,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,027

)

(19,630

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (22,127 ) (19,730 )
SHAREHOLDERS' FUNDS (22,027 ) (19,630 )

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 15 March 2024 and were signed by:





B N Thompson - Director


REMOTE HERO (UK) LIMITED (REGISTERED NUMBER: 12921413)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Remote Hero (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.

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.

The financial statements have been prepared on the going concern basis in light of the fact the ultimate parent company, Employment Hero Holdings Pty Ltd (incorporated in Australia) has confirmed that it will continue to support the company, as required, for a period of at least 12 months and 1 day from the date of the audit report.

Related party exemption
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.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Taxation
Taxation for the year 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 year 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.

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.

REMOTE HERO (UK) LIMITED (REGISTERED NUMBER: 12921413)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Turnover relates to intercompany revenue generated from a group transfer pricing agreement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 11 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by group undertakings 3,524,183 777,442
Other debtors 2,670 2,207
3,526,853 779,649

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors - 10,517
Amounts owed to group undertakings 3,404,135 722,219
Taxation and social security 93,274 40,520
Other creditors & accruals 61,923 26,023
3,559,332 799,279

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

REMOTE HERO (UK) LIMITED (REGISTERED NUMBER: 12921413)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 - continued

As stated above, the Report of the Auditors was unqualified.
We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

8. ULTIMATE PARENT COMPANY

The immediate parent company is Remote Hero (Australia) Pty Ltd.

The ultimate parent company is Employment Hero Holdings Pty Ltd, for which consolidated financial statements are prepared.

The registered address of Remote Hero (Australia) Pty Ltd and Employment Hero Holdings Pty Ltd is Level 2, 439-441 Kent Street, Sydney NSW 2000, Australia. Consolidated accounts are publicly available at ASIC Connect website.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10. SECURED DEBT

In 2022, the company created a fixed and floating charge over its assets and a negative pledge all in favour of Sixth Street Specialty Lending, Inc. This charge is still outstanding.