Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31892023-04-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06864462 2023-04-01 2024-03-31 06864462 2022-04-01 2023-03-31 06864462 2024-03-31 06864462 2023-03-31 06864462 c:Director1 2023-04-01 2024-03-31 06864462 d:PlantMachinery 2023-04-01 2024-03-31 06864462 d:PlantMachinery 2024-03-31 06864462 d:PlantMachinery 2023-03-31 06864462 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06864462 d:MotorVehicles 2023-04-01 2024-03-31 06864462 d:MotorVehicles 2024-03-31 06864462 d:MotorVehicles 2023-03-31 06864462 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06864462 d:FurnitureFittings 2023-04-01 2024-03-31 06864462 d:FurnitureFittings 2024-03-31 06864462 d:FurnitureFittings 2023-03-31 06864462 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06864462 d:OfficeEquipment 2023-04-01 2024-03-31 06864462 d:OfficeEquipment 2024-03-31 06864462 d:OfficeEquipment 2023-03-31 06864462 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06864462 d:ComputerEquipment 2023-04-01 2024-03-31 06864462 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06864462 d:CurrentFinancialInstruments 2024-03-31 06864462 d:CurrentFinancialInstruments 2023-03-31 06864462 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06864462 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06864462 d:ShareCapital 2024-03-31 06864462 d:ShareCapital 2023-03-31 06864462 d:SharePremium 2024-03-31 06864462 d:SharePremium 2023-03-31 06864462 d:OtherMiscellaneousReserve 2024-03-31 06864462 d:OtherMiscellaneousReserve 2023-03-31 06864462 d:RetainedEarningsAccumulatedLosses 2024-03-31 06864462 d:RetainedEarningsAccumulatedLosses 2023-03-31 06864462 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06864462 c:OrdinaryShareClass1 2024-03-31 06864462 c:OrdinaryShareClass2 2023-04-01 2024-03-31 06864462 c:OrdinaryShareClass2 2024-03-31 06864462 c:OrdinaryShareClass3 2023-04-01 2024-03-31 06864462 c:OrdinaryShareClass3 2024-03-31 06864462 c:FRS102 2023-04-01 2024-03-31 06864462 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06864462 c:FullAccounts 2023-04-01 2024-03-31 06864462 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06864462 d:WithinOneYear 2024-03-31 06864462 d:WithinOneYear 2023-03-31 06864462 d:BetweenOneFiveYears 2024-03-31 06864462 d:BetweenOneFiveYears 2023-03-31 06864462 2 2023-04-01 2024-03-31 06864462 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06864462 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06864462 e:PoundSterling 2023-04-01 2024-03-31 06864462 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 06864462 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06864462









HINTON ROSE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HINTON ROSE LIMITED
REGISTERED NUMBER: 06864462

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
16,819
28,842

Current assets
  

Debtors: amounts falling due within one year
 5 
610,297
503,470

Cash at bank and in hand
 6 
558,785
535,312

  
1,169,082
1,038,782

Creditors: amounts falling due within one year
 7 
(991,031)
(567,725)

Net current assets
  
 
 
178,051
 
 
471,057

Total assets less current liabilities
  
194,870
499,899

Provisions for liabilities
  

Deferred tax
 8 
(4,103)
(4,308)

Net assets
  
190,767
495,591


Capital and reserves
  

Called up share capital 
 9 
1,168
1,168

Share premium account
  
13,400
13,400

Other reserves
  
1,350
1,350

Profit and loss account
  
174,849
479,673

  
190,767
495,591


Page 1

 
HINTON ROSE LIMITED
REGISTERED NUMBER: 06864462
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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 on 22 October 2024.




J H Lyon-Lee
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

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

1.


General information

Hinton Rose Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 426 Linen Hall, 162-168 Regent Street, London, United Kingdom, W1B 5TE.
The company specialises in executive search and recruitment for the financial industry.

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

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.

Page 3

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

2.Accounting policies (continued)

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
on cost
Fixtures & fittings
-
25%
on cost
Office equipment
-
25%
on cost
Computer equipment
-
33%
on cost

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 the Statement of comprehensive income.

 
2.4

Debtors

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.

 
2.5

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.

 
2.6

Creditors

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.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Page 4

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

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.10

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.11

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.

Page 5

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

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 8).

Page 6

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

4.


Tangible fixed assets





Computer equipment
Motor  vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost 


At 1 April 2023
36,317
48,390
11,192
2,732
98,631


Additions
4,231
-
303
-
4,534



At 31 March 2024

40,548
48,390
11,495
2,732
103,165



Depreciation


At 1 April 2023
32,196
24,196
10,952
2,445
69,789


Charge for the year
3,938
12,097
235
287
16,557



At 31 March 2024

36,134
36,293
11,187
2,732
86,346



Net book value



At 31 March 2024
4,414
12,097
308
-
16,819



At 31 March 2023
4,121
24,194
240
287
28,842

Page 7

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

5.


Debtors

2024
2023
£
£


Trade debtors
446,569
401,321

Other debtors
163,728
92,714

Prepayments and accrued income
-
9,435

610,297
503,470



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
558,785
535,312

558,785
535,312



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,494
1,951

Corporation tax
65,743
83,744

Other taxation and social security
124,541
61,582

Other creditors
1,178
27,324

Accruals and deferred income
793,075
393,124

991,031
567,725


Page 8

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

8.


Deferred taxation




2024


£






At beginning of year
4,308


Credited to the Statement of comprehensive income
(205)



At end of year
4,103

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,103
4,308

4,103
4,308


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



890 Ordinary shares of £1 each
890
890
100 Ordinary A shares of £1 each
100
100
178 Ordinary C shares of £1 each
178
178

1,168

1,168


The shares are a separate class of share for the payment of dividends. The shares rank pari-passu in all other respects.



10.


Pension commitments

The company operates a defined contribution 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 £14,078 (2023 - £7,177). At the year end pension payable is £948 (2023 - £27,094).

Page 9

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

11.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
44,960
27,398

Later than 1 year and not later than 5 years
86,173
-

131,133
27,398


12.


Related party transactions

At the year end, a sum of £160,226 (2023 - £89,212) was due from the director, Mr J H Lyon-Lee. This amount is included in other debtors. There are no interest terms and this loan is repayable on demand.


13.


Controlling party

The ultimate controlling party is Mr J H Lyon-Lee by virtue of his controlling interest in the share capital.

 
Page 10