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REGISTERED NUMBER: 05828244 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

HIPPOS NETWORK LIMITED

HIPPOS NETWORK LIMITED (REGISTERED NUMBER: 05828244)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HIPPOS NETWORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: P E Keylock
S Whiting





SECRETARY: S Whiting





REGISTERED OFFICE: 112-114 London Road
North End
Portsmouth
Hampshire
PO2 0LZ





REGISTERED NUMBER: 05828244 (England and Wales)





ACCOUNTANTS: Jacqueline Forward
The Granary
1 Upper House Farm
Woodlands
Alresford
Hampshire
SO24 0HW

HIPPOS NETWORK LIMITED (REGISTERED NUMBER: 05828244)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2023


The directors present their report with the financial statements of the company for the year ended 31st December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of business and domestic software development.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

P E Keylock
S Whiting

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P E Keylock - Director


14th August 2024

HIPPOS NETWORK LIMITED (REGISTERED NUMBER: 05828244)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST DECEMBER 2023

31/12/23 31/12/22
£    £   

TURNOVER 159,851 191,968

Cost of sales (43,826 ) (37,075 )
GROSS PROFIT 116,025 154,893

Distribution costs (78,892 ) (50,775 )
Administrative expenses (31,104 ) (22,839 )
OPERATING PROFIT and
PROFIT BEFORE TAXATION 6,029 81,279

Tax on profit (1,241 ) (15,905 )
PROFIT FOR THE FINANCIAL YEAR 4,788 65,374

HIPPOS NETWORK LIMITED (REGISTERED NUMBER: 05828244)

BALANCE SHEET
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 5 17,882 16,977
Cash at bank 127,515 175,299
145,397 192,276
CREDITORS
Amounts falling due within one year 6 18,721 39,297
NET CURRENT ASSETS 126,676 152,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,676

152,979

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 125,676 151,979
126,676 152,979

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

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

The directors acknowledge their 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:





P E Keylock - Director


HIPPOS NETWORK LIMITED (REGISTERED NUMBER: 05828244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Hippos Network 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 2 (2022 - 2 ) .

HIPPOS NETWORK LIMITED (REGISTERED NUMBER: 05828244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 2,280
DEPRECIATION
At 1st January 2023
and 31st December 2023 2,280
NET BOOK VALUE
At 31st December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 17,882 16,977

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 7,703 7,584
Taxation and social security 11,018 31,713
18,721 39,297