Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truetrue47true2023-02-01falseNo description of principal activity40false 08873171 2023-02-01 2024-01-31 08873171 2022-02-01 2023-01-31 08873171 2024-01-31 08873171 2023-01-31 08873171 2022-02-01 08873171 1 2023-02-01 2024-01-31 08873171 1 2022-02-01 2023-01-31 08873171 d:Director5 2023-02-01 2024-01-31 08873171 e:FurnitureFittings 2023-02-01 2024-01-31 08873171 e:FurnitureFittings 2024-01-31 08873171 e:FurnitureFittings 2023-01-31 08873171 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08873171 e:ComputerEquipment 2023-02-01 2024-01-31 08873171 e:ComputerEquipment 2024-01-31 08873171 e:ComputerEquipment 2023-01-31 08873171 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08873171 e:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08873171 e:CurrentFinancialInstruments 2024-01-31 08873171 e:CurrentFinancialInstruments 2023-01-31 08873171 e:CurrentFinancialInstruments e:WithinOneYear 2024-01-31 08873171 e:CurrentFinancialInstruments e:WithinOneYear 2023-01-31 08873171 e:ShareCapital 2024-01-31 08873171 e:ShareCapital 2023-01-31 08873171 e:ShareCapital 2022-02-01 08873171 e:OtherMiscellaneousReserve 2023-02-01 2024-01-31 08873171 e:OtherMiscellaneousReserve 2024-01-31 08873171 e:OtherMiscellaneousReserve 1 2023-02-01 2024-01-31 08873171 e:OtherMiscellaneousReserve 2022-02-01 2023-01-31 08873171 e:OtherMiscellaneousReserve 2023-01-31 08873171 e:OtherMiscellaneousReserve 2022-02-01 08873171 e:OtherMiscellaneousReserve 1 2022-02-01 2023-01-31 08873171 e:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 08873171 e:RetainedEarningsAccumulatedLosses 2024-01-31 08873171 e:RetainedEarningsAccumulatedLosses 1 2023-02-01 2024-01-31 08873171 e:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 08873171 e:RetainedEarningsAccumulatedLosses 2023-01-31 08873171 e:RetainedEarningsAccumulatedLosses 2022-02-01 08873171 e:RetainedEarningsAccumulatedLosses 1 2022-02-01 2023-01-31 08873171 d:OrdinaryShareClass1 2023-02-01 2024-01-31 08873171 d:OrdinaryShareClass1 2024-01-31 08873171 d:OrdinaryShareClass1 2023-01-31 08873171 d:FRS102 2023-02-01 2024-01-31 08873171 d:Audited 2023-02-01 2024-01-31 08873171 d:FullAccounts 2023-02-01 2024-01-31 08873171 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08873171 d:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08873171 2 2023-02-01 2024-01-31 08873171 e:ShareCapital 1 2023-02-01 2024-01-31 08873171 e:ShareCapital 1 2022-02-01 2023-01-31 08873171 f:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 08873171












HIREVUE UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


 
REGISTERED NUMBER:08873171
HIREVUE UK LTD

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,872
2,570

  
9,872
2,570

Current assets
  

Debtors: amounts falling due within one year
 5 
3,720,722
3,642,238

Cash at bank and in hand
  
228,472
111,733

  
3,949,194
3,753,971

Creditors: amounts falling due within one year
 6 
(649,601)
(669,649)

Net current assets
  
 
 
3,299,593
 
 
3,084,322

Total assets less current liabilities
  
3,309,465
3,086,892

  

Net assets
  
3,309,465
3,086,892


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Other reserves
 8 
180,836
385,352

Profit and loss account
 8 
3,127,629
2,700,540

Total equity
  
3,309,465
3,086,892


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 profit and loss account 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: 




J Friedman
Director

Date: 29 January 2025

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

Page 1

 

HIREVUE UK LTD

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 February 2022
1,000
594,874
2,153,126
2,749,000



Profit for the year
-
-
118,719
118,719

Share based payments
-
219,173
-
219,173

Transfer to/from profit and loss account
-
(428,695)
428,695
-



At 31 January 2023 and 1 February 2023
1,000
385,352
2,700,540
3,086,892



Profit for the year
-
-
129,907
129,907

Share based payments
-
92,666
-
92,666

Transfer to/from profit and loss account
-
(297,182)
297,182
-


At 31 January 2024
1,000
180,836
3,127,629
3,309,465


Page 2

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

HireVue UK Ltd is a private company limited by shares incorporated in England and Wales. The address of its registered office is Riverbank House, 2 Swan Lane, London, EC4R 3TT.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 company's main customer is HireVue, Inc. its parent undertaking. The company is therefore dependent on financial performance and support of HireVue, Inc. from whom the company has received a letter of financial support. Without such support the company would not be a going concern.
As the going concern status of the company is intertwined with that of its parent, the directors have made enquiries as to the financial position and performance of its parent company. Having considered post year end trading and financial results, cash reserves and forecasts available for the parent company for the foreseeable future, the directors have a reasonable expectation that the parent company has adequate resources to continue to support the company. Accordingly, the continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Turnover

Turnover from contracts to provide services to HireVue, Inc. is recognised in the period in which the services are provided. Turnover is recognised to the extent that is probable that the company will receive the consideration due under the contract and the amount of revenue can be measured reliably. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.4

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.

Page 3

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
33%
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.


2.5

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 4

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)





Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.7

Share capital

Ordinary shares are classified as equity.

Page 5

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Sterling (£).

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.
Foreign exchange gains and losses that relate to cash at bank are presented in the profit and loss account within 'administrative expenses'.

  
2.9

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.
The company has applied the exemption contained in Section 35 of FRS 102 and has elected to apply the requirements of Section 26 Share-based payment to equity settled share based payment arrangements that were granted prior to 1 February 2016.

 
2.10

Interest receivable and similar income

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

Page 6

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 40 (2023 - 47).

Page 7

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 February 2023
-
70,141
70,141


Additions
9,169
8,432
17,601


Disposals
-
(67,761)
(67,761)



At 31 January 2024

9,169
10,812
19,981



Depreciation


At 1 February 2023
-
67,571
67,571


Charge for the year
773
4,204
4,977


Disposals
-
(62,439)
(62,439)



At 31 January 2024

773
9,336
10,109



Net book value



At 31 January 2024
8,396
1,476
9,872



At 31 January 2023
-
2,570
2,570


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
3,644,793
3,502,491

Other debtors
17,298
21,971

Prepayments and accrued income
9,590
28,465

Deferred taxation
49,041
89,311

3,720,722
3,642,238


Page 8

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
99,661
9,407

Corporation tax
49,608
21,068

Other taxation and social security
147,928
148,645

Other creditors
10,028
9,494

Accruals and deferred income
342,376
481,035

649,601
669,649



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



8.


Reserves

Other reserves

This reserve comprises the share option expense for share options granted not yet exercised.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


9.


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 £151,917 (2023: £205,375). Contributions totalling £10,949 (2023: £13,300) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned part of the group.

Page 9

 

HIREVUE UK LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Parent undertaking

The smallest group for which consolidated financial statements are drawn up is headed by Helium Holdings Inc., a company incorporated in the United States of America whose registered office is 9800 South Monroe Street, STE 810, Sandy, UT 84070. Group financial statements are prepared but are not available to the public.  


12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 30 January 2025 by Andrew Sanford (senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

 
Page 10