Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true1false2023-02-01true1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company was that of a investment holding company. 13855306 2023-02-01 2024-01-31 13855306 2022-01-18 2023-01-31 13855306 2024-01-31 13855306 2023-01-31 13855306 c:Director1 2023-02-01 2024-01-31 13855306 c:RegisteredOffice 2023-02-01 2024-01-31 13855306 d:CurrentFinancialInstruments 2024-01-31 13855306 d:CurrentFinancialInstruments 2023-01-31 13855306 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13855306 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13855306 d:ShareCapital 2024-01-31 13855306 d:ShareCapital 2023-01-31 13855306 d:RetainedEarningsAccumulatedLosses 2024-01-31 13855306 d:RetainedEarningsAccumulatedLosses 2023-01-31 13855306 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13855306 c:OrdinaryShareClass1 2024-01-31 13855306 c:OrdinaryShareClass1 2023-01-31 13855306 c:FRS102 2023-02-01 2024-01-31 13855306 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13855306 c:FullAccounts 2023-02-01 2024-01-31 13855306 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13855306 2 2023-02-01 2024-01-31 13855306 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13855306









HOGG STRATEGIC CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
HOGG STRATEGIC CAPITAL LIMITED
 
 
COMPANY INFORMATION


Director
C Hogg 




Registered number
13855306



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
HOGG STRATEGIC CAPITAL LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
HOGG STRATEGIC CAPITAL LIMITED
REGISTERED NUMBER: 13855306

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
(As restated*)
2023
Note
$
$

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,615
-

Cash at bank and in hand
 5 
968,528
-

  
976,143
-

Creditors: amounts falling due within one year
 6 
(1,041,770)
(47,693)

Net current liabilities
  
 
 
(65,627)
 
 
(47,693)

Total assets less current liabilities
  
(65,627)
(47,693)

  

Net liabilities
  
(65,627)
(47,693)


Capital and reserves
  

Called up share capital 
 7 
136
136

Profit and loss account
  
(65,763)
(47,829)

  
(65,627)
(47,693)


Page 1

 
HOGG STRATEGIC CAPITAL LIMITED
REGISTERED NUMBER: 13855306
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 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 by: 




C Hogg
Director

Date: 23 July 2024

The notes on pages 3 to 5 form part of these financial statements.

* Refer to Note 8 for details of the restatement.

Page 2

 
HOGG STRATEGIC CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Hogg Strategic Capital Limited is a private company, limited by shares, incorporated in England and Wales with registration number 13855306. The registered office address is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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 which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support of its shareholder, who has confirmed they will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the company.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional currency and presentational currency is USD
Previously the company's functional currency and presentational currency was British Pounds ("GBP"), albeit during the time the company had minimal trading activities. Following a review by the director, the functional and presentational currency was changed from British Pounds ("GBP") to United States dollars ("USD"). The effective date of change 1 February 2022 and so accordingly the prior period results and balances have been restated, where applicable, to be presented in USD.

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.

 
2.4

Interest income

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

Page 3

 
HOGG STRATEGIC CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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

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.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
HOGG STRATEGIC CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Debtors

2024
2023
$
$


Prepayments and accrued income
7,615
-



5.


Cash and cash equivalents

2024
2023
$
$

Cash at bank and in hand
968,528
-



6.


Creditors: Amounts falling due within one year

2024
(As restated)
2023
$
$

Other creditors
1,031,494
38,456

Accruals and deferred income
10,276
9,237

1,041,770
47,693



7.


Share capital

2024
(As restated)
2023
$
$
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
136
136



8.


Prior period adjustment

Previously the company's functional currency and presentational currency was British Pounds ("GBP"), albeit during the time the company had minimal trading activities. Following a review by the director, the functional and presentational currency was changed from British Pounds ("GBP") to United States dollars ("USD"). The effective date of change 1 February 2022 and so accordingly the prior period results and balances have been restated, where applicable, to be presented in USD.

 
Page 5