Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05613321 2022-12-01 2023-11-30 05613321 2023-11-30 05613321 2021-12-01 2022-11-30 05613321 2022-11-30 05613321 c:Director1 2022-12-01 2023-11-30 05613321 d:CurrentFinancialInstruments 2023-11-30 05613321 d:CurrentFinancialInstruments 2022-11-30 05613321 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 05613321 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 05613321 d:ShareCapital 2023-11-30 05613321 d:ShareCapital 2022-11-30 05613321 d:RetainedEarningsAccumulatedLosses 2023-11-30 05613321 d:RetainedEarningsAccumulatedLosses 2022-11-30 05613321 c:OrdinaryShareClass1 2022-12-01 2023-11-30 05613321 c:OrdinaryShareClass1 2023-11-30 05613321 c:OrdinaryShareClass1 2022-11-30 05613321 c:FRS102 2022-12-01 2023-11-30 05613321 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 05613321 c:FullAccounts 2022-12-01 2023-11-30 05613321 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05613321 2 2022-12-01 2023-11-30 05613321 6 2022-12-01 2023-11-30 05613321 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05613321


HIPERCOM HOLDING LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
HIPERCOM HOLDING LIMITED
REGISTERED NUMBER: 05613321

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
414,598
414,598

  
414,598
414,598

Current assets
  

Debtors: amounts falling due within one year
 5 
60,961
3,037

Cash at bank and in hand
 6 
145
38,910

  
61,106
41,947

Creditors: amounts falling due within one year
 7 
(15,469)
(15,229)

Net current assets
  
 
 
45,637
 
 
26,718

Total assets less current liabilities
  
460,235
441,316

  

Net assets
  
460,235
441,316


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
460,135
441,216

  
460,235
441,316


Page 1

 
HIPERCOM HOLDING LIMITED
REGISTERED NUMBER: 05613321
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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 income and retained earnings 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: 




................................................
Yves Frerot
Director

Date: 25 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HIPERCOM HOLDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Hipercom Holding Limited is a limited company registered in England and Wales with the company registration number 05613321. The registered office address is 1 Vincent Square, London, United Kingdom, SW1P 2PN. 

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

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

 
2.3

Interest income

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

Page 3

 
HIPERCOM HOLDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
HIPERCOM HOLDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
414,598



At 30 November 2023
414,598





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
59,748
3,037

Prepayments and accrued income
1,213
-

60,961
3,037



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
145
38,910

145
38,910



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
12,269
10,029

Accruals and deferred income
3,200
5,200

15,469
15,229


Page 5

 
HIPERCOM HOLDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

Included in other creditors is a balance of £5,964 (2022: 3,724), which is due to the director of the company, Yves Ferrot. There are no fixed payment terms and no interest incurred on this balance.

 
Page 6