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REGISTERED NUMBER: 11740125 (England and Wales)










THE HUMAN EDGE GROUP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE HUMAN EDGE GROUP LTD (REGISTERED NUMBER: 11740125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE HUMAN EDGE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms K D B Bury
Mr P J Millett
Miss D N Njuguna
Mr J A Younis





SECRETARY: Mr H J Dellar





REGISTERED OFFICE: 1 The Sanctuary
London
SW1P 3JT





REGISTERED NUMBER: 11740125 (England and Wales)





AUDITORS: Hakim Fry
Chartered Accountants
Statutory Auditor
69-71 East Street
Epsom
Surrey
KT17 1BP

THE HUMAN EDGE GROUP LTD (REGISTERED NUMBER: 11740125)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,752 3,987

CURRENT ASSETS
Debtors 5 57,864 30,365
Cash at bank 6 284,511 620,768
342,375 651,133
CREDITORS
Amounts falling due within one year 7 180,274 298,259
NET CURRENT ASSETS 162,101 352,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,853

356,861

CREDITORS
Amounts falling due after more than one
year

8

(301,967

)

(277,194

)

PROVISIONS FOR LIABILITIES 10 (520 ) (758 )
NET (LIABILITIES)/ASSETS (137,634 ) 78,909

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (137,734 ) 78,809
SHAREHOLDERS' FUNDS (137,634 ) 78,909

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr P J Millett - Director


THE HUMAN EDGE GROUP LTD (REGISTERED NUMBER: 11740125)

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

1. STATUTORY INFORMATION

The Human Edge Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the . 31/12/2023. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE HUMAN EDGE GROUP LTD (REGISTERED NUMBER: 11740125)

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

2. ACCOUNTING POLICIES - continued

Other grants
The company engages with grant making organisations to implement funded projects. FRS102 would expect that non-government grants that do note impose specified future performance-related conditions should be recognised in income when the resources are received or receivable. However, the substance of the agreements is more accurately described as an engagement of services and therefore the accounting policy is to recognised the income over the length of the project funded or the service being provided. That is, when there is entitlement to the income, the amount can be measured reliably and it is probable that economic benefits will flow to the entity.

Funds received as the lead partner in a project, through grant funding or contract funding, on behalf of a partner or contractor is only recognised as income once reciprocal expenditure is recognised from the partner claiming their allotment, or if entitlement is otherwise obtained to the funds.

Going concern
The board of directors consider that there are no material uncertainties affecting the going concern of the company and the financial statements have been prepared on the going concern basis. To assess the going concern status, the board have considered the twelve months of operation following the signing date of the accounts. The board considers that the ongoing support from directors' loans, and encouraging post-year cash flows, support this opinion.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 11,887
DEPRECIATION
At 1 January 2023 7,900
Charge for year 1,235
At 31 December 2023 9,135
NET BOOK VALUE
At 31 December 2023 2,752
At 31 December 2022 3,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 18,930
Other debtors 57,864 11,435
57,864 30,365

THE HUMAN EDGE GROUP LTD (REGISTERED NUMBER: 11740125)

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

6. CASH AT BANK

Cash and cash equivalents comprise of cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 6,933 31,872
Amounts owed to group undertakings - 935
Taxation and social security 16,173 40,248
Other creditors 157,168 225,204
180,274 298,259

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 301,967 277,194

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 301,967 277,194

9. LOANS

Other creditors include long term interest free loans from the director of £301,967 (2022 - £277,194) it is the director's intention to convert the £301,967 of the loan to equity in a future period.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 520 758

Deferred
tax
£   
Balance at 1 January 2023 758
Provided during year (238 )
Balance at 31 December 2023 520

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

THE HUMAN EDGE GROUP LTD (REGISTERED NUMBER: 11740125)

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

12. RESERVES
Retained
earnings
£   

At 1 January 2023 78,809
Deficit for the year (216,543 )
At 31 December 2023 (137,734 )

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nilesh C Patel FCA (Senior Statutory Auditor)
for and on behalf of Hakim Fry

14. ULTIMATE CONTROLLING PARTY

The controlling party is Ms K D B Bury.