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Company No: 12561270 (England and Wales)

IHP ANALYTICS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

IHP ANALYTICS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

IHP ANALYTICS LIMITED

BALANCE SHEET

As at 31 March 2024
IHP ANALYTICS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 504,788 378,796
Tangible assets 4 2,308 3,007
507,096 381,803
Current assets
Debtors 5 64,948 170,578
Cash at bank and in hand 341 18,319
65,289 188,897
Creditors: amounts falling due within one year 6 ( 216,075) ( 152,449)
Net current (liabilities)/assets (150,786) 36,448
Total assets less current liabilities 356,310 418,251
Net assets 356,310 418,251
Capital and reserves
Called-up share capital 1 1
Profit and loss account 356,309 418,250
Total shareholder's funds 356,310 418,251

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of IHP Analytics Limited (registered number: 12561270) were approved and authorised for issue by the Director on 16 August 2024. They were signed on its behalf by:

J A Pitts
Director
IHP ANALYTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
IHP ANALYTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

IHP Analytics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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 at an annual general meeting.

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. Provision is made for any impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2023 378,796 378,796
Additions 201,751 201,751
At 31 March 2024 580,547 580,547
Accumulated amortisation
At 01 April 2023 0 0
Charge for the financial year 75,759 75,759
At 31 March 2024 75,759 75,759
Net book value
At 31 March 2024 504,788 504,788
At 31 March 2023 378,796 378,796

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2023 3,491 3,491
At 31 March 2024 3,491 3,491
Accumulated depreciation
At 01 April 2023 484 484
Charge for the financial year 699 699
At 31 March 2024 1,183 1,183
Net book value
At 31 March 2024 2,308 2,308
At 31 March 2023 3,007 3,007

5. Debtors

2024 2023
£ £
Trade debtors 11,250 12,000
Corporation tax 50,298 34,418
Other debtors 3,400 124,160
64,948 170,578

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 33,822 0
Trade creditors 125,857 76,368
Other taxation and social security 2,434 23,231
Other creditors 53,962 52,850
216,075 152,449

7. Related party transactions

Transactions with the entity's director

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

J Pitts
At 1 April 2023, the balance owed by the director was £60,173. During the year, £13,600 was advanced to the director, and £91,053 was repaid by the director. At 31 March 2024, the balance owed to the director was £17,280.
At 1 April 2022, the balance owed by the director was £44,038. During the year, £96,750 was advanced to the director, and £80,615 was repaid by the director. At 31 March 2023, the balance owed by the director was £60,173.


S Gill
At 1 April 2023, the balance owed by the director was £60,177. During the year, £13,000 was advanced to the director, and £78,918 was repaid by the director. At 31 March 2024, the balance owed to the director was £5,741.
At 1 April 2022, the balance owed by the director was £44,042. During the year, £96,250 was advanced to the director, and £80,115 was repaid by the director. At 31 March 2023, the balance owed by the director was £60,177.

8. Ultimate controlling party

Parent Company:

IHP Holdings Limited