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REGISTERED NUMBER: 09900441 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hireapitch Ltd

Hireapitch Ltd (Registered number: 09900441)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hireapitch Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr N Pandit





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 09900441 (England and Wales)

Hireapitch Ltd (Registered number: 09900441)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,122 16,475
Tangible assets 5 117,966 142,401
Investments 6 - 346,639
132,088 505,515

CURRENT ASSETS
Debtors 7 2,027,091 159,812
Cash at bank 46,103 444,211
2,073,194 604,023
CREDITORS
Amounts falling due within one year 8 1,052,033 577,392
NET CURRENT ASSETS 1,021,161 26,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,153,249

532,146

CREDITORS
Amounts falling due after more than one
year

9

(372,593

)

(197,365

)

PROVISIONS FOR LIABILITIES (27,746 ) (4,738 )
NET ASSETS 752,910 330,043

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 752,908 330,041
752,910 330,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hireapitch Ltd (Registered number: 09900441)

Balance Sheet - continued
31 December 2023


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 April 2024 and were signed by:





Mr N Pandit - Director


Hireapitch Ltd (Registered number: 09900441)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hireapitch Ltd 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.

Turnover
Turnover represents amounts received from the hire of sports facilities, net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Office Equipment - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 15% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Hireapitch Ltd (Registered number: 09900441)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 23,535
AMORTISATION
At 1 January 2023 7,060
Amortisation for year 2,353
At 31 December 2023 9,413
NET BOOK VALUE
At 31 December 2023 14,122
At 31 December 2022 16,475

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Office and Computer
property Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 153,651 1,258 40,764 25,606 221,279
Disposals - - - (539 ) (539 )
At 31 December 2023 153,651 1,258 40,764 25,067 220,740
DEPRECIATION
At 1 January 2023 36,189 567 27,100 15,022 78,878
Charge for year 15,365 188 5,133 3,611 24,297
Eliminated on disposal - - - (401 ) (401 )
At 31 December 2023 51,554 755 32,233 18,232 102,774
NET BOOK VALUE
At 31 December 2023 102,097 503 8,531 6,835 117,966
At 31 December 2022 117,462 691 13,664 10,584 142,401

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 346,639
Disposals (346,639 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 346,639

Hireapitch Ltd (Registered number: 09900441)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 205,664 136,660
Amounts owed by group undertakings 1,772,480 1
Other debtors - 600
Director's current account - 889
Value added tax 2,317 21,662
Prepayments and accrued income 46,630 -
2,027,091 159,812

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 335,275 177,438
Trade creditors 131,800 40,378
Amounts owed to group undertakings 253,669 265,811
Corporation tax 131,102 67,083
Social security and other taxes 1,128 1,408
Other creditors 10,317 11,631
Director's current account 83 -
Accruals and deferred income 188,659 13,643
1,052,033 577,392

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 372,593 197,365

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 268,454 672,673
Between one and five years 161,807 430,261
430,261 1,102,934

Hireapitch Ltd (Registered number: 09900441)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
H Panesar
Balance outstanding at start of year - (1,628 )
Amounts advanced - 1,628
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr N Pandit
Balance outstanding at start of year 889 -
Amounts advanced 3,028 889
Amounts repaid (4,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (83 ) 889

12. RELATED PARTY DISCLOSURES

Amounts owed by group undertakings of £1,772,480 is owed to the Company by other companies which are under common control.

Amounts owed to group undertakings of £253,669 is owed by the Company to other companies which are under common control.

The debts have no fixed date for repayment, are repayable on demand and are non-interest bearing.