Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31false2023-11-01falseNo description of principal activity128truetrue 00844888 2023-11-01 2024-10-31 00844888 2022-11-01 2023-10-31 00844888 2024-10-31 00844888 2023-10-31 00844888 c:CompanySecretary1 2023-11-01 2024-10-31 00844888 c:Director3 2023-11-01 2024-10-31 00844888 c:Director4 2023-11-01 2024-10-31 00844888 c:RegisteredOffice 2023-11-01 2024-10-31 00844888 d:MotorVehicles 2023-11-01 2024-10-31 00844888 d:MotorVehicles 2024-10-31 00844888 d:MotorVehicles 2023-10-31 00844888 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 00844888 d:FurnitureFittings 2023-11-01 2024-10-31 00844888 d:FurnitureFittings 2024-10-31 00844888 d:FurnitureFittings 2023-10-31 00844888 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 00844888 d:ComputerEquipment 2023-11-01 2024-10-31 00844888 d:ComputerEquipment 2024-10-31 00844888 d:ComputerEquipment 2023-10-31 00844888 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 00844888 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 00844888 d:CurrentFinancialInstruments 2024-10-31 00844888 d:CurrentFinancialInstruments 2023-10-31 00844888 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 00844888 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 00844888 d:ShareCapital 2024-10-31 00844888 d:ShareCapital 2023-10-31 00844888 d:OtherMiscellaneousReserve 2024-10-31 00844888 d:OtherMiscellaneousReserve 2023-10-31 00844888 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 00844888 d:RetainedEarningsAccumulatedLosses 2024-10-31 00844888 d:RetainedEarningsAccumulatedLosses 2023-10-31 00844888 c:FRS102 2023-11-01 2024-10-31 00844888 c:Audited 2023-11-01 2024-10-31 00844888 c:FullAccounts 2023-11-01 2024-10-31 00844888 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 00844888 d:EntityControlledByKeyManagementPersonnel1 2023-11-01 2024-10-31 00844888 d:EntityControlledByKeyManagementPersonnel1 2023-10-31 00844888 c:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 00844888 2 2023-11-01 2024-10-31 00844888 7 2023-11-01 2024-10-31 00844888 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 00844888 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 00844888 d:TaxLossesCarry-forwardsDeferredTax 2024-10-31 00844888 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 00844888 d:OtherDeferredTax 2024-10-31 00844888 d:OtherDeferredTax 2023-10-31 00844888 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 00844888


HHD LIMITED
DIRECTORS REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024

 
HHD LIMITED
 
 
COMPANY INFORMATION


DIRECTORS
T Buschta 
J Herrmann 




COMPANY SECRETARY
T Buschta



REGISTERED NUMBER
00844888



REGISTERED OFFICE
Suite 2.06 Power Road Studios
114 Power Road

London

W4 5PY




INDEPENDENT AUDITORS
Xeinadin Audit Limited
Chartered Accountants & Statutory Auditor

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
HHD LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 10


 
HHD LIMITED
REGISTERED NUMBER: 00844888

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible Fixed Assets
 5 
156,320
122,041

  
156,320
122,041

Current assets
  

Debtors: amounts falling due within one year
 6 
79,213
78,478

Cash at bank and in hand
  
301,551
137,541

  
380,764
216,019

Creditors: amounts falling due within one year
 7 
(259,484)
(91,802)

Net current assets
  
 
 
121,280
 
 
124,217

Total assets less current liabilities
  
277,600
246,258

Provisions for liabilities
  

Deferred tax
 8 
(9,213)
(8,959)

  
 
 
(9,213)
 
 
(8,959)

Net assets
  
268,387
237,299


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Other reserves
 9 
60
60

Profit and loss account
 9 
218,327
187,239

  
268,387
237,299


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: 




T Buschta
Page 1

 
HHD LIMITED
REGISTERED NUMBER: 00844888
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

Director

Date: 17 January 2025

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

Page 2

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

HHD Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.
The nature of the company's operations and principal activities in the year under review were those of an accommodation agent.

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 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).

 
2.2

Going concern

The current and future position of the Company, its cash flows and liquidity position have been reviewed by the directors
At the date of approving the financial statements, the directors confirm that the Company will be supported by its immediate parent HHD AG as and when required during the twelve months from the date of approval of the financial statements.
The directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover represents commission received net of VAT for letting of holiday accomodation.

 
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

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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, .

Depreciation is provided on the following basis:

Motor vehicles
-
20% straight line
Fixtures and fittings
-
10% straight line
Computer equipment
-
20% straight line

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

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.

  
2.6

Cash and cash equivalents

Cash is represented by cash in hand. 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.

 
2.7

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Page 4

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

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

 
2.13

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 reporting 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 reporting 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 reporting date.


Page 5

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.14

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.15

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are recognised to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects on that period, or in the period of revision and future periods where the revision affects both current and future periods.
Estimates and judgements were applied in accounting for depreciation, tangible assets and all provisions. 
There are no critical accounting judgements made in applying the company's accounting policies.


4.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 8).

Page 6

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
47,765
128,330
3,510
179,605


Additions
50,872
11,036
4,347
66,255


Disposals
(17,000)
-
-
(17,000)



At 31 October 2024

81,637
139,366
7,857
228,860



Depreciation


At 1 November 2023
21,717
33,947
1,900
57,564


Charge for the year on owned assets
13,393
18,005
578
31,976


Disposals
(17,000)
-
-
(17,000)



At 31 October 2024

18,110
51,952
2,478
72,540



Net book value



At 31 October 2024
63,527
87,414
5,379
156,320



At 31 October 2023
26,048
94,383
1,610
122,041

Page 7

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
34,113

Other debtors
9,544
9,061

Prepayments and accrued income
69,669
35,304

79,213
78,478



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,979
22,412

Amounts owed to group undertakings
182,899
-

Corporation tax
12,046
-

Other taxation and social security
18,957
-

Other creditors
4,116
2,767

Accruals and deferred income
26,487
66,623

259,484
91,802


Page 8

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Deferred taxation




2024


£






At beginning of year
(8,959)


Charged to profit or loss
(254)



At end of year
(9,213)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(9,213)
(10,893)

Short term timing differences
-
692

Losses and other deductions
-
1,242

(9,213)
(8,959)


9.


Reserves

Profit and loss account

Profit and loss includes all current and prior periods retained profit.


10.


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 £21,157 (2023: £13,699). Contributions totalling £4,116 (2023: £2,767) were payable to the fund at the balance sheet date.


11.


Related party transactions

The company was controlled throughout the current and previous period by the immediate parent company, HHD AG. In the normal course of business, the company earns commission from HHD AG for properties which are then let by the company to its customers. During the year, the company received commissions of £1,238,383 (2023: £819,953) from its parent company. The trading amount owed from the holding company at the balance sheet date was (£182,899) (2023: £34,113).


12.


Controlling party

The ultimate holding company is HHD AG, a company incorporated in Switzerland.

Page 9

 
HHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2024 was unqualified.

The audit report was signed on 17 January 2025 by Ian Palmer (Senior statutory auditor) on behalf of Xeinadin Audit Limited.

 
Page 10