Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30Computer concultancyfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-12-012truetrue 02252779 2022-12-01 2023-11-30 02252779 2021-06-01 2022-11-30 02252779 2023-11-30 02252779 2022-11-30 02252779 c:Director1 2022-12-01 2023-11-30 02252779 d:CurrentFinancialInstruments 2023-11-30 02252779 d:CurrentFinancialInstruments 2022-11-30 02252779 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02252779 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 02252779 d:ShareCapital 2023-11-30 02252779 d:ShareCapital 2022-11-30 02252779 d:RetainedEarningsAccumulatedLosses 2023-11-30 02252779 d:RetainedEarningsAccumulatedLosses 2022-11-30 02252779 c:FRS102 2022-12-01 2023-11-30 02252779 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 02252779 c:FullAccounts 2022-12-01 2023-11-30 02252779 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 02252779 2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 02252779









HQR TECHNOLOGIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
HQR TECHNOLOGIES LIMITED
REGISTERED NUMBER: 02252779

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,690
11,154

Cash at bank and in hand
  
121,906
132,166

  
129,596
143,320

Creditors: amounts falling due within one year
 5 
(9,917)
(6,557)

Net current assets
  
 
 
119,679
 
 
136,763

Net assets
  
119,679
136,763


Capital and reserves
  

Called up share capital 
  
51
51

Profit and loss account
  
119,628
136,712

  
119,679
136,763


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 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 statement of income and retained earnings 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 22 August 2024.



A M Hall Esq
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
HQR TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

HQR Technologies Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The Company's registration number is 02252779. Its registered office is Leytonstone House, Leytonstone, London, E11 1GA.
The company's principal activity during the year was that of computer consultancy.

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

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.3

Pensions

The company makes contributions to the personal pension schemes of employees. The assets of the schemes are held separately from those of the company in independently administered funds. 

 
2.4

Taxation

Tax is recognised in the Statement of income and retained earnings 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.

 
2.5

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.

 
2.6

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. 

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
HQR TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

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 and other third parties, loans from related parties.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Other debtors
7,690
11,154



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
857
857

Other creditors
1,560
-

Accruals and deferred income
7,500
5,700

9,917
6,557



6.


Related party transactions

Included within other creditors is an amount of £1,560 (2022 - within other debtors of £10,282 owed by  the directors) owed to the directors of the company.

Page 3

 
HQR TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.

Directors' benefits: advances, credits and guarantees

2023
2022
£
£
Balance brought forward

10,282

(106,792)
 
Amounts advanced

(11,999)

116,998
 
Interest charged

157

76
 
Amounts repaid

-

-
 

(1,560)

10,282
 

Interest was charged by the Company at the HM Revenue & Customs official rate of interest on beneficial loans.

 
Page 4