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Registered number: 15205809


HT DIGITAL LTD
(FORMERLY KNOWN AS HARRIS & TROTTER DIGITAL ASSETS LIMITED)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

 
HT DIGITAL LTD
 
 
COMPANY INFORMATION


Directors
S E Haffner (appointed 26 January 2024)
N R Newman (appointed 12 October 2023)
J L Taylor (appointed 26 January 2024)
D R Walters (appointed 12 October 2023)
S V Connoley (appointed 26 January 2024, resigned 16 April 2024)
C Fowler (appointed 26 January 2024, resigned 16 April 2024)
L A Genis (appointed 26 January 2024, resigned 16 April 2024)
C E Harris (appointed 26 January 2024, resigned 16 April 2024)
R M Harris (appointed 26 January 2024, resigned 16 April 2024)
M P Kamdar (appointed 26 January 2024, resigned 16 April 2024)
D M Korn (appointed 26 January 2024, resigned 16 April 2024)
M Kruger (appointed 16 April 2024, resigned 19 April 2024)
R G Lance (appointed 27 November 2023, resigned 19 April 2024)
H M Lask (appointed 26 January 2024, resigned 16 April 2024)
Z Leonard (appointed 26 January 2024, resigned 16 April 2024)
T Maartens (appointed 16 April 2024, resigned 19 April 2024)
S J Moussalli (appointed 26 January 2024, resigned 16 April 2024)
A Muhammad (appointed 26 January 2024, resigned 16 April 2024)
J D Newman (appointed 26 January 2024, resigned 16 April 2024)
N J Newman (appointed 26 January 2024, resigned 16 April 2024)
G B Ross (appointed 26 January 2024, resigned 19 April 2024)
R M Selwyn (appointed 26 January 2024, resigned 04 April 2024)
T J B Webber (appointed 26 January 2024, resigned 16 April 2024)




Registered number
15205809



Registered office
101 New Cavendish Street
1st Floor South

London

W1W 6XH




Independent auditors
Brindley Goldstein Ltd

103 High Street

Waltham Cross

EN8 7AN





 
HT DIGITAL LTD
 

CONTENTS



Page
Strategic Report
1 - 2
Directors' Report
3 - 4
Independent Auditors' Report
5 - 8
Statement of Comprehensive Income
9
Balance Sheet
10
Statement of Changes in Equity
11
Statement of Cash Flows
12
Analysis of Net Debt
13
Notes to the Financial Statements
14 - 20


 
HT DIGITAL LTD
 
 
STRATEGIC REPORT
FOR THE PERIOD ENDED 24 APRIL 2024

Introduction
 
The directors present the strategic report for the period ended 24 April 2024. 

Business review
 
Results
The turnover from continuing operations was £5,682,602. The gross profit margin was 65% 
The financial position of the company at the period end is shown on page 10
Development and performance
The key focus of the business is to deliver a best in class service to enable our clients to succeed in their aims. We achieve this by listening to our clients, continuously improving the way we do things, and by working collaboratively as a team. 
An equally important focus is that we put our team at the centre of our thinking. We provide competitive study packages for trainee accountants with strong emphasis on providing support and training. We also provide all of our professional and support staff with technical and soft skills training to enable them to fully develop their potential so that they can achieve all they want to achieve and help the business to provide high quality service to all our clients. During the period we have continued to enhance our packages so we pay our team well and attract the highest level candidates for future vacancies. 
In addition, we have continued to invest in technology in our offices to ensure we remain efficient in our processes and provide our staff with modern attractive office environments. Since the period end, we have continued with expansions, including a new larger London office. 
 

Principal risks and uncertainties
 
The company is exposed to risks that may affect the future performance and development of the business, including both regulatory and compliance risks. Internal controls and procedures exist in order to mitigate these risks so that the business can adapt effectively to any future changes in regulations and ensure that client service is maintained at a high level. 
The directors will continue to monitor the various risks, and are confident that all foreseeable risks can be mitigated as far as possible. 

Financial key performance indicators
 
The main key performance indicators of the business are turnover and the gross profit percentage as disclosed above in the review of the business. Additional KPI's are used internally within the business, however, the directors are of the opinion that no further inclusion of financial or non-financial indicators is necessary to provide an understanding of the performance, development or financial position of the company's business operations. 

Page 1

 
HT DIGITAL LTD
 

STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 24 APRIL 2024

Directors' statement of compliance with duty to promote the success of the Group
 
The board of directors consider, both individually and as a board, that they have acted in a manner that, in their opinion, would be most likely to promote success of the company for the benefit of it's members as a whole (having regard for the stakeholders and matters set out in s172(1) (a-f) of the Companies Act 2006) in the decisions made during the period ended 24 April 2024. 
The directors consider the likely consequences that might result from any decisions made or actions taken on the long-term future of the company and its stakeholders.
The decisions made and actions undertaken by the directors aim to represent and maintain the company's reputation for appropriate standards of business conduct. 


This report was approved by the board and signed on its behalf.



N R Newman 
Director

Date: 29 January 2025

Page 2

 
HT DIGITAL LTD
 
 
 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 24 APRIL 2024

The directors present their report and the financial statements for the period ended 24 April 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the period were:

S E Haffner (appointed 26 January 2024)
N R Newman (appointed 12 October 2023)
J L Taylor (appointed 26 January 2024)
D R Walters (appointed 12 October 2023)
S V Connoley (appointed 26 January 2024, resigned 16 April 2024)
C Fowler (appointed 26 January 2024, resigned 16 April 2024)
L A Genis (appointed 26 January 2024, resigned 16 April 2024)
C E Harris (appointed 26 January 2024, resigned 16 April 2024)
R M Harris (appointed 26 January 2024, resigned 16 April 2024)
M P Kamdar (appointed 26 January 2024, resigned 16 April 2024)
D M Korn (appointed 26 January 2024, resigned 16 April 2024)
M Kruger (appointed 16 April 2024, resigned 19 April 2024)
R G Lance (appointed 27 November 2023, resigned 19 April 2024)
H M Lask (appointed 26 January 2024, resigned 16 April 2024)
Z Leonard (appointed 26 January 2024, resigned 16 April 2024)
T Maartens (appointed 16 April 2024, resigned 19 April 2024)
S J Moussalli (appointed 26 January 2024, resigned 16 April 2024)
A Muhammad (appointed 26 January 2024, resigned 16 April 2024)
J D Newman (appointed 26 January 2024, resigned 16 April 2024)
Page 3

 
HT DIGITAL LTD
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 24 APRIL 2024

N J Newman (appointed 26 January 2024, resigned 16 April 2024)
G B Ross (appointed 26 January 2024, resigned 19 April 2024)
R M Selwyn (appointed 26 January 2024, resigned 04 April 2024)
T J B Webber (appointed 26 January 2024, resigned 16 April 2024)

Disclosure of information to auditors

Each person who is a director at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

Subsequent to the balance sheet date, the company issued 1,333,331 new shares to investors. The shares were issued at a premium of £6.0180 per share. 
This event represents a non-adjusting post balance sheet event, as it arose after the reporting period and does not provide evidence of conditions that existed as at the balance sheet date. However, it is considered significant to the users of the financial statements and is disclosed in accordance with section 32 of FRS 102 Events after the end of the Reporting Period. 


The auditorsBrindley Goldstein Ltdwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





N R Newman
Director

Date: 29 January 2025


Page 4

 
HT DIGITAL LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HT DIGITAL LTD
 

Opinion


We have audited the financial statements of HT Digital Ltd (the 'Company') for the period ended 24 April 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 24 April 2024 and of its result for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 5

 
HT DIGITAL LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HT DIGITAL LTD (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Report.


Page 6

 
HT DIGITAL LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HT DIGITAL LTD (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006.
- We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management.
- We challenged assumptions and judgements made by management in its significant accounting estimates.
We did not identify any key audit matters relating to irregularities, including fraud.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 7

 
HT DIGITAL LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HT DIGITAL LTD (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Charles Goldstein (Senior Statutory Auditor)
  
for and on behalf of
Brindley Goldstein Ltd
 
103 High Street
Waltham Cross
EN8 7AN

Date: 29 January 2025
Page 8

 
HT DIGITAL LTD
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 24 APRIL 2024

2024
£

  

Turnover
  
5,682,602

Cost of sales
  
(1,991,747)

Gross profit
  
3,690,855

Administrative expenses
  
(3,700,105)

Other Income
  
2,426

Operating (loss)/profit
  
(6,824)

Interest receivable and similar income
  
6,824

Profit before tax
  
-

Profit for the financial period
  
-

There was no other comprehensive income for 2024.

The notes on pages 14 to 20 form part of these financial statements.

Page 9

 
HT DIGITAL LTD
REGISTERED NUMBER: 15205809

BALANCE SHEET
AS AT 24 APRIL 2024

2024
Note
£

Fixed assets
  

Tangible assets
 9 
12,159

  
12,159

Current assets
  

Debtors: amounts falling due within one year
 10 
675,474

Cash at bank and in hand
 11 
34,279

  
709,753

Creditors: amounts falling due within one year
 12 
(721,911)

Net current (liabilities)/assets
  
 
 
(12,158)

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 13 
1

  
1


The Company's financial statements have been prepared in accordance with the 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 29 January 2025.




N R Newman
Director

The notes on pages 14 to 20 form part of these financial statements.

Page 10

 
HT DIGITAL LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 24 APRIL 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

Profit for the period
-
-
-

Shares issued during the period
1
-
1


At 24 April 2024
1
-
1

The notes on pages 14 to 20 form part of these financial statements.

Page 11

 
HT DIGITAL LTD
 

STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 24 APRIL 2024

2024
£

Cash flows from operating activities

Profit for the financial period
-

Adjustments for:

Interest received
(6,824)

(Increase)/decrease in debtors
(675,474)

Increase in creditors
108,404

Increase in amounts owed to group undertakings
613,508

Net cash generated from operating activities

39,614


Cash flows from investing activities

Purchase of tangible fixed assets
(12,159)

Interest received
6,824

Net cash from investing activities

(5,335)


Net increase in cash and cash equivalents
34,279

Cash and cash equivalents at the end of period
34,279


Cash and cash equivalents at the end of period comprise:

Cash at bank and in hand
34,279

34,279


The notes on pages 14 to 20 form part of these financial statements.

Page 12

 
HT DIGITAL LTD
 

ANALYSIS OF NET DEBT
FOR THE PERIOD ENDED 24 APRIL 2024




Cash flows
Other non-cash changes
At 24 April 2024
£

£

£

Cash at bank and in hand

34,279

-

34,279

Loans and other debts due to parent undertaking

-

(613,508)

(613,508)


34,279
(613,508)
(579,229)

The notes on pages 14 to 20 form part of these financial statements.

Page 13

 
HT DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

1.


General information

HT Digital Ltd (formerly known as Harris & Trotter Digital Assets Limited) is a private company limited by shares, incorporated in England and Wales. The registered office address is 101 New Cavendish Street 1st Floor South, London W1W 6XH.
The principal activity of the company is the provision of accountancy and other related business services. 
The financial statements are prepared in Sterling, which is the functional and presentational currency.
The company changed name after the reporting date from Harris and Trotter Digital Assets Limited to HT Digital Ltd. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

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.

 
2.3

Interest income

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

Page 14

 
HT DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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.

 
2.6

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.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Page 15

 
HT DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

2.Accounting policies (continued)

 
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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

When preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets and liabilities. Use of available information and application of judgement are inherent in the information of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. 
The key assumptions concerning the future and other key sources of estimation uncertainty at the balance sheet date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
(a) Revenue recognition
In determining revenue on client assignments, the LLP makes certain estimates as to the stage of completion on those assignments. The LLP estimates the remaining time and external costs to be incurred in completing the assignments and the client's willingness and ability to pay for the services provided. A different assessment of the outturn on an assignment may result in a different value being determined for revenue and also a different carrying value being determined for unbilled revenue for client work.
(b) Recoverable value of recognised receivables
The recoverability of trade and other receivables is regularly reviewed in the light of available economic information specific to each receivable and provisions are recognised for balances considered to be irrecoverable.
(c) Provisions
Provisions are liabilities of uncertain timing or amount and therefore in making a reliable estimate of the amount and timing of liabilities judgment is applied and re-evaluated at each reporting date.
 


4.


Auditors' remuneration

During the period, the Company obtained the following services from the Company's auditors:


2024
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
4,000

Page 16

 
HT DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

5.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2024
            No.






Directors
9



Employees
4

13


6.


Directors' remuneration



The highest paid director received remuneration of £NIL.

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £NIL.

The value of the Company's contributions paid to a defined benefit pension scheme in respect of the highest paid director amounted to £NIL.

The total accrued pension provision of the highest paid director at 24 April 2024 amounted to £NIL.

The amount of the accrued lump sum in respect of the highest paid director at 24 April 2024 amounted to £NIL.


7.


Interest receivable

2024
£


Other interest receivable
6,824

6,824

Page 17

 
HT DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

8.


Taxation



Factors affecting tax charge for the period

The tax assessed for the period is the same as the standard rate of corporation tax in the UK of 19% as set out below:

2024
£

Effects of:

Total tax charge for the period
-


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


9.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


Additions
7,374
4,785
12,159



At 24 April 2024

7,374
4,785
12,159






Net book value



At 24 April 2024
7,374
4,785
12,159


10.


Debtors

2024
£


Trade debtors
29,030

Other debtors
1,329

Prepayments and accrued income
645,115

675,474


Page 18

 
HT DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

11.


Cash and cash equivalents

2024
£

Cash at bank and in hand
34,279

34,279



12.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
15,519

Amounts owed to group undertakings
613,508

Accruals and deferred income
92,884

721,911



13.


Share capital

2024
£
Allotted, called up and fully paid


10,000,000 Ordinary Shares of £0.0000001- each
1


One Ordinary share of £1 each was issued on incorporation. Subsequently, the one Ordinary share was sub-divided into 10,000,000 Ordinary shares of £0,0000001 each. 


14.


Pension commitments

The Company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the Company to the fund and amounted to £2,707. Contributions totalling £2,707 were payable to the fund at the balance sheet date. 

Page 19

 
HT DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 APRIL 2024

15.


Post balance sheet events

Subsequent to the balance sheet date, the company issued 1,333,331 new shares to investors. The shares were issued at a premium of £6.0180 per share. 
This event represents a non-adjusting post balance sheet event, as it arose after the reporting period and does not provide evidence of conditions that existed as at the balance sheet date. However, it is considered significant to the users of the financial statements and is disclosed in accordance with section 32 of FRS 102 Events after the end of the Reporting Period. 


16.


Controlling party

The immediate and ultimate parent company is Harris & Trotter LLP, a Limited Liability Partnership registered in England and Wales.
Harris & Trotter LLP's registered address is 101 New Cavendish Street, 1st Floor South, London W1W 6XH.

 
Page 20