Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06065335 2023-01-01 2023-12-31 06065335 2022-01-01 2022-12-31 06065335 2023-12-31 06065335 2022-12-31 06065335 c:CompanySecretary1 2023-01-01 2023-12-31 06065335 c:Director1 2023-01-01 2023-12-31 06065335 c:RegisteredOffice 2023-01-01 2023-12-31 06065335 c:Agent1 2023-01-01 2023-12-31 06065335 d:MotorVehicles 2023-01-01 2023-12-31 06065335 d:MotorVehicles 2023-12-31 06065335 d:MotorVehicles 2022-12-31 06065335 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06065335 d:ComputerEquipment 2023-01-01 2023-12-31 06065335 d:ComputerEquipment 2023-12-31 06065335 d:ComputerEquipment 2022-12-31 06065335 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06065335 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06065335 d:CurrentFinancialInstruments 2023-12-31 06065335 d:CurrentFinancialInstruments 2022-12-31 06065335 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06065335 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06065335 d:ShareCapital 2023-12-31 06065335 d:ShareCapital 2022-12-31 06065335 d:RetainedEarningsAccumulatedLosses 2023-12-31 06065335 d:RetainedEarningsAccumulatedLosses 2022-12-31 06065335 c:FRS102 2023-01-01 2023-12-31 06065335 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06065335 c:FullAccounts 2023-01-01 2023-12-31 06065335 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06065335 4 2023-01-01 2023-12-31 06065335 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 06065335







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


HYPERION CAPITAL LTD






































img41ab.png                        

 


HYPERION CAPITAL LTD
 


 
COMPANY INFORMATION


Director
K D Jeffery 




Company secretary
K D Jeffery



Registered number
06065335



Registered office
Foxglen
Warren Lane

Priors Dean

Petersfield

Hampshire

GU32 1BN




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX




Bankers
Coutts & Co
440 Strand

London

WC2R 0QS






 


HYPERION CAPITAL LTD
REGISTERED NUMBER:06065335



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,486
27,479

Investments
 5 
5,299,058
8,272,361

  
5,300,544
8,299,840

Current assets
  

Debtors: amounts falling due within one year
 6 
6,445,668
5,855,719

Cash at bank and in hand
  
32,480,876
32,655,363

  
38,926,544
38,511,082

Creditors: amounts falling due within one year
 7 
(503,705)
(172,706)

Net current assets
  
 
 
38,422,839
 
 
38,338,376

Total assets less current liabilities
  
43,723,383
46,638,216

  

Net assets
  
43,723,383
46,638,216

Page 1

 


HYPERION CAPITAL LTD
REGISTERED NUMBER:06065335


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
8,161
8,161

Profit and loss account
  
43,715,222
46,630,055

  
43,723,383
46,638,216


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 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 by: 




................................................
K D Jeffery
Director

Date: 23 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


HYPERION CAPITAL LTD
 


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

1.


General information

Hyperion Capital Ltd is a private company limited by shares and incorporated & domiciled in England & Wales. The address of its registered office, which is also its principal place of business, is disclosed on the company information page.

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

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 Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 


HYPERION CAPITAL LTD
 


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

2.Accounting policies (continued)

 
2.5

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, by both the straight line and reducing balance method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Computer equipment
-
33%
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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 


HYPERION CAPITAL LTD
 


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

2.Accounting policies (continued)

 
2.7

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2022 - £NIL).

There were no employees during the year (2022 - 0).

Page 5

 


HYPERION CAPITAL LTD
 


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

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
136,120
4,865
140,985


Disposals
(136,120)
-
(136,120)



At 31 December 2023

-
4,865
4,865



Depreciation


At 1 January 2023
111,749
1,757
113,506


Charge for the year on owned assets
14,623
1,622
16,245


Disposals
(126,372)
-
(126,372)



At 31 December 2023

-
3,379
3,379



Net book value



At 31 December 2023
-
1,486
1,486



At 31 December 2022
24,371
3,108
27,479


5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 January 2023
702
8,271,659
8,272,361


Additions
-
424,095
424,095


Revaluations
-
(3,397,398)
(3,397,398)



At 31 December 2023
702
5,298,356
5,299,058




Page 6

 


HYPERION CAPITAL LTD
 


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

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
4,259,876
3,475,532

Other debtors
1,667,615
2,220,365

Prepayments and accrued income
5,210
-

Tax recoverable
512,967
159,822

6,445,668
5,855,719



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,140
670

Corporation tax
433,639
159,823

Accruals and deferred income
56,926
12,213

503,705
172,706




8.


Transactions with directors

Included in Other debtors is an advance of £1,530,793 (2022 - £484,438) made to Mr K Jeffery by the Company during the year.
There are no repayment terms set between the director and the Company, and the loan is undated and unsecured.


9.


Related party transactions

Included in Other debtors is a loan of £100,000 made to a participator in the Company. The loan is undated and unsecured, and was repaid on 13 February 2024. 

 
Page 7