Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.532023-01-01falseNo description of principal activity56truetruefalse 08285399 2023-01-01 2023-12-31 08285399 2022-01-01 2022-12-31 08285399 2023-12-31 08285399 2022-12-31 08285399 2022-01-01 08285399 c:Director1 2023-01-01 2023-12-31 08285399 d:ComputerEquipment 2023-01-01 2023-12-31 08285399 d:ComputerEquipment 2023-12-31 08285399 d:ComputerEquipment 2022-12-31 08285399 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08285399 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08285399 d:OtherPropertyPlantEquipment 2023-12-31 08285399 d:OtherPropertyPlantEquipment 2022-12-31 08285399 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08285399 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08285399 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08285399 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 08285399 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 08285399 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 08285399 d:CurrentFinancialInstruments 2023-12-31 08285399 d:CurrentFinancialInstruments 2022-12-31 08285399 d:Non-currentFinancialInstruments 2023-12-31 08285399 d:Non-currentFinancialInstruments 2022-12-31 08285399 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08285399 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08285399 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08285399 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08285399 d:ShareCapital 2023-12-31 08285399 d:ShareCapital 2022-12-31 08285399 d:ShareCapital 2022-01-01 08285399 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08285399 d:RetainedEarningsAccumulatedLosses 2023-12-31 08285399 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08285399 d:RetainedEarningsAccumulatedLosses 2022-12-31 08285399 d:RetainedEarningsAccumulatedLosses 2022-01-01 08285399 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08285399 c:OrdinaryShareClass1 2023-12-31 08285399 c:OrdinaryShareClass1 2022-12-31 08285399 c:FRS102 2023-01-01 2023-12-31 08285399 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08285399 c:FullAccounts 2023-01-01 2023-12-31 08285399 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08285399 d:WithinOneYear 2023-12-31 08285399 d:WithinOneYear 2022-12-31 08285399 d:BetweenOneFiveYears 2023-12-31 08285399 d:BetweenOneFiveYears 2022-12-31 08285399 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08285399 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08285399 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 08285399 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 08285399 d:RetirementBenefitObligationsDeferredTax 2023-12-31 08285399 d:RetirementBenefitObligationsDeferredTax 2022-12-31 08285399 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 08285399 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 08285399 2 2023-01-01 2023-12-31 08285399 d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 08285399 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-01-01 2023-12-31 08285399 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-01-01 2023-12-31 08285399 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08285399










HELLIOS INFORMATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HELLIOS INFORMATION LIMITED
REGISTERED NUMBER: 08285399

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 3 
24,453
34,080

Tangible assets
 4 
162,569
97,444

  
187,022
131,524

Current assets
  

Debtors: amounts falling due within one year
 5 
3,073,179
2,850,435

Cash at bank and in hand
 6 
2,014,825
2,042,458

  
5,088,004
4,892,893

Current liablities
  

Creditors: amounts falling due within one year
 7 
(3,022,871)
(2,885,452)

Total assets less current liabilities
  
 
 
2,252,155
 
 
2,138,965

Current liablity
  

Creditors: amounts falling due after more than one year
 8 
(682,204)
(1,144,824)

Provisions for liabilities
  

Deferred tax
 9 
(25,571)
-

  
 
 
(25,571)
 
 
-

Net assets
  
1,544,380
994,141


Capital and reserves
  

Called up share capital 
 10 
10
10

Profit and loss account
  
1,544,370
994,131

  
1,544,380
994,141


Page 1

 
HELLIOS INFORMATION LIMITED
REGISTERED NUMBER: 08285399

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 by: 




C J Maund
Director

Date: 15 October 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
HELLIOS INFORMATION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
10
899,437
899,447



Profit for the year
-
394,694
394,694


Contributions by and distributions to owners

Dividends: Equity capital
-
(300,000)
(300,000)



At 1 January 2023
10
994,131
994,141



Profit for the year
-
550,239
550,239


At 31 December 2023
10
1,544,370
1,544,380


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
HELLIOS INFORMATION LIMITED
 

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

1.


General information

Hellios Information Limited is a private company, limited by share capital and incorporated in England and Wales. The address of its registered office and principal place of business is Kemp House, Chawley Park, Cumnor Hill, Oxford, OX2 9PH.

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

The accounts have been prepared on the going concern basis. The directors believe the Company to be a going concern based on their ongoing support.

 
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.

 
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.

Page 4

 
HELLIOS INFORMATION LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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

 
2.8

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.

Page 5

 
HELLIOS INFORMATION LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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:

Computer equipment
-
33%

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

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 6

 
HELLIOS INFORMATION LIMITED
 

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

3.


Intangible assets




Website development
Trademarks
Total

£
£
£



Cost


At 1 January 2023
210,818
7,675
218,493


Additions
3,640
-
3,640



At 31 December 2023

214,458
7,675
222,133



Amortisation


At 1 January 2023
183,901
512
184,413


Charge for the year on owned assets
12,500
767
13,267



At 31 December 2023

196,401
1,279
197,680



Net book value



At 31 December 2023
18,057
6,396
24,453



At 31 December 2022
26,917
7,163
34,080



Page 7

 
HELLIOS INFORMATION LIMITED
 

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

4.


Tangible fixed assets





Computer equipment
Work in progress
Total

£
£
£



Cost or valuation


At 1 January 2023
245,923
-
245,923


Additions
59,240
58,576
117,816



At 31 December 2023

305,163
58,576
363,739



Depreciation


At 1 January 2023
148,479
-
148,479


Charge for the year on owned assets
52,691
-
52,691



At 31 December 2023

201,170
-
201,170



Net book value



At 31 December 2023
103,993
58,576
162,569



At 31 December 2022
97,444
-
97,444

Page 8

 
HELLIOS INFORMATION LIMITED
 

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

5.


Debtors

2023
2022
£
£


Trade debtors
356,168
112,920

Amounts owed by group undertakings
2,546,438
2,533,726

Other debtors
93,648
56,510

Prepayments and accrued income
175,255
82,260

Tax recoverable
(98,330)
7,250

Deferred taxation
-
57,769

3,073,179
2,850,435


Debtors with other Group companies in the main relates to the transfer of the Software asset transferred to the Irish entity in 2021.


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,014,825
2,042,458

2,014,825
2,042,458



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
72,082
97,048

Amounts owed to group undertakings
24,342
19,765

Other taxation and social security
314,957
314,520

Other creditors
5,453
4,792

Accruals and deferred income
2,606,037
2,449,327

3,022,871
2,885,452


Page 9

 
HELLIOS INFORMATION LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
682,204
1,144,824

682,204
1,144,824


Amounts owed relate to a loan of initial share capital from the ultimate parent company. Interest is charged on the balance at 8% per annum.


9.


Deferred taxation




2023


£






At beginning of year
57,769


Charged to profit or loss
(83,340)



At end of year
(25,571)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(25,808)
(24,171)

Short term timing differences
237
179

Losses and other deductions
-
81,761

(25,571)
57,769


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1.00 each
10
10



11.


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 £79,049 (2022: £65,695). Contributions totalling £949 (2022 - £714) were payable to the fund at the balance sheet date.

Page 10

 
HELLIOS INFORMATION LIMITED
 

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

12.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
72,600
30,736

Later than 1 year and not later than 5 years
257,780
-

330,380
30,736


13.


Controlling party

The Company is controlled by the Directors of its ultimate parent company Hellios Holdings Ltd.


Page 11