Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false24falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12242883 2023-01-01 2023-12-31 12242883 2022-01-01 2022-12-31 12242883 2023-12-31 12242883 2022-12-31 12242883 2022-01-01 12242883 c:Director1 2023-01-01 2023-12-31 12242883 d:ComputerEquipment 2023-01-01 2023-12-31 12242883 d:ComputerEquipment 2023-12-31 12242883 d:ComputerEquipment 2022-12-31 12242883 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12242883 d:CurrentFinancialInstruments 2023-12-31 12242883 d:CurrentFinancialInstruments 2022-12-31 12242883 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12242883 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12242883 d:ShareCapital 2023-12-31 12242883 d:ShareCapital 2022-12-31 12242883 d:ShareCapital 2022-01-01 12242883 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12242883 d:RetainedEarningsAccumulatedLosses 2023-12-31 12242883 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12242883 d:RetainedEarningsAccumulatedLosses 2022-12-31 12242883 d:RetainedEarningsAccumulatedLosses 2022-01-01 12242883 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12242883 c:OrdinaryShareClass1 2023-12-31 12242883 c:OrdinaryShareClass1 2022-12-31 12242883 c:FRS102 2023-01-01 2023-12-31 12242883 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12242883 c:FullAccounts 2023-01-01 2023-12-31 12242883 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12242883 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12242883









HASHTING UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HASHTING UK LTD
REGISTERED NUMBER: 12242883

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
27
346

Current assets
  

Debtors: amounts falling due within one year
 5 
232,526
113,671

Cash at bank and in hand
 6 
79,867
-

  
312,393
113,671

Creditors: amounts falling due within one year
 7 
(620,980)
(387,164)

Net liabilities
  
(308,560)
(273,147)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(308,660)
(273,247)

  
(308,560)
(273,147)


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 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 on 31 July 2024.




................................................
Bart Baeyens
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 1

 
HASHTING UK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
(157,772)
(157,672)



Loss for the year
-
(115,475)
(115,475)



At 1 January 2023
100
(273,247)
(273,147)



Loss for the year
-
(35,413)
(35,413)


At 31 December 2023
100
(308,660)
(308,560)


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HASHTING UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Hashting UK Limited is a private company limited by share capital, incorporated in England and Wales, registration number 12242883. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, Middlesex, United Kingdom, HA5 2EX.

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

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
HASHTING UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
HASHTING UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

Depreciation is provided on the following basis:

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
HASHTING UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 4).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
957



At 31 December 2023

957



Depreciation


At 1 January 2023
611


Charge for the year on owned assets
319



At 31 December 2023

930



Net book value



At 31 December 2023
27



At 31 December 2022
346

Page 6

 
HASHTING UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
230,273
113,671

Other debtors
2,186
-

Prepayments and accrued income
67
-

232,526
113,671



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
79,867
-

Less: bank overdrafts
(110)
(1,589)

79,757
(1,589)



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
110
1,589

Trade creditors
127,752
51,454

Amounts owed to group undertakings
44,749
128,045

Other taxation and social security
51,487
31,461

Other creditors
1,293
16,455

Accruals and deferred income
395,589
158,160

620,980
387,164


Amounts owed to group undertakings are unsecured and repayable on demand.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 7

 
HASHTING UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

Included in creditors, there is a balance of £44,749 (2022: £128,045) owed to Hashting Solutions NV by virtue of majority shareholding. Included in other creditors, there is a balance of £524 (2022: £721) owed to the director Bart Baeyens.

 
Page 8