Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31182023-04-01falseNo description of principal activity19truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12119468 2023-04-01 2024-03-31 12119468 2022-04-01 2023-03-31 12119468 2024-03-31 12119468 2023-03-31 12119468 c:Director1 2023-04-01 2024-03-31 12119468 d:ComputerSoftware 2024-03-31 12119468 d:ComputerSoftware 2023-03-31 12119468 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 12119468 d:CurrentFinancialInstruments 2024-03-31 12119468 d:CurrentFinancialInstruments 2023-03-31 12119468 d:Non-currentFinancialInstruments 2024-03-31 12119468 d:Non-currentFinancialInstruments 2023-03-31 12119468 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12119468 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12119468 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12119468 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12119468 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 12119468 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12119468 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 12119468 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 12119468 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 12119468 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 12119468 d:ShareCapital 2024-03-31 12119468 d:ShareCapital 2023-03-31 12119468 d:RetainedEarningsAccumulatedLosses 2024-03-31 12119468 d:RetainedEarningsAccumulatedLosses 2023-03-31 12119468 c:FRS102 2023-04-01 2024-03-31 12119468 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12119468 c:FullAccounts 2023-04-01 2024-03-31 12119468 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12119468 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 12119468 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 12119468 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12119468









HGVT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HGVT LIMITED
REGISTERED NUMBER: 12119468

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
140,525
174,785

  
140,525
174,785

Current assets
  

Debtors: amounts falling due within one year
 5 
228,890
1,155,846

Cash at bank and in hand
 6 
167,680
180,233

  
396,570
1,336,079

Creditors: amounts falling due within one year
 7 
(2,753,996)
(3,598,016)

Net current liabilities
  
 
 
(2,357,426)
 
 
(2,261,937)

Total assets less current liabilities
  
(2,216,901)
(2,087,152)

Creditors: amounts falling due after more than one year
  
(32,687)
(38,564)

  

Net liabilities
  
(2,249,588)
(2,125,716)


Capital and reserves
  

Called up share capital 
  
1,111
1,111

Profit and loss account
  
(2,250,699)
(2,126,827)

  
(2,249,588)
(2,125,716)


Page 1

 
HGVT LIMITED
REGISTERED NUMBER: 12119468
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 statement of comprehensive income 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: 




G Benardout
Director

Date: 7 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HGVT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

HGVT Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Unit 5 Apollo Studios, Charlton Kings Road, London, NW5 2SB.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the director has obtained assurances from its beneficial owners to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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 comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
HGVT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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

Taxation

Tax is recognised in profit or loss 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.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
5
years

Page 4

 
HGVT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 19).

Page 5

 
HGVT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Computer software

£



Cost


At 1 April 2023
194,700


Additions
5,850



At 31 March 2024

200,550



Amortisation


At 1 April 2023
19,915


Charge for the year on owned assets
40,110



At 31 March 2024

60,025



Net book value



At 31 March 2024
140,525



At 31 March 2023
174,785



Page 6

 
HGVT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
134,412
1,143,258

Other debtors
60,213
-

Prepayments and accrued income
34,265
12,588

228,890
1,155,846



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
167,680
180,233

167,680
180,233



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
5,877
5,770

Trade creditors
21,967
31,480

Other taxation and social security
27,647
33,871

Other creditors
2,370,312
1,484,599

Accruals and deferred income
328,193
2,042,296

2,753,996
3,598,016



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
32,687
38,564

32,687
38,564


Page 7

 
HGVT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
5,877
5,770


5,877
5,770

Amounts falling due 1-2 years

Other loans
12,083
11,863


12,083
11,863

Amounts falling due 2-5 years

Other loans
18,975
18,631


18,975
18,631

Amounts falling due after more than 5 years

Other loans
1,629
8,070

1,629
8,070

38,564
44,334



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,088 (2023: £14,323). Contributions totalling £2,129 (2023: £3,764) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 8