HYP GROUP LTD

Company Registration Number:
14920267 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 07 June 2023

End date: 30 June 2024

HYP GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

HYP GROUP LTD

Balance sheet

As at 30 June 2024


Notes

13 months to 30 June 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments: 3 3,277
Total fixed assets: 3,277
Current assets
Stocks: 0
Debtors:   0
Cash at bank and in hand: 300
Investments:   0
Total current assets: 300
Creditors: amounts falling due within one year: 4 (450)
Net current assets (liabilities): (150)
Total assets less current liabilities: 3,127
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Total net assets (liabilities): 3,127
Capital and reserves
Called up share capital: 10,000
Share premium account: 0
Revaluation reserve: 0
Other reserves: 0
Profit and loss account: (6,873)
Shareholders funds: 3,127

The notes form part of these financial statements

HYP GROUP LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 March 2025
and signed on behalf of the board by:

Name: Alexander Rogan Redfarn
Status: Director

The notes form part of these financial statements

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents income derived from the provision of intellectual property (trademarks and domain names) and storage services to subsidiary companies. Revenue is recognised on an accrual basis when services are provided.

Tangible fixed assets and depreciation policy

Storage facilities are recognised as right-of-use assets under lease agreements and depreciated on a straight-line basis over the lease term. Lease obligations are recorded as liabilities and amortised accordingly.

Intangible fixed assets and amortisation policy

Trademarks and domain names are capitalised as intangible assets at cost and amortised over their estimated useful economic lives, typically over a period of 10 years. The carrying value is reviewed annually for impairment.

Valuation and information policy

Investments in subsidiary undertakings are stated at cost less any provision for impairment. The company assesses the carrying value of its investments annually to determine whether any indicators of impairment exist.

Other accounting policies

The financial statements have been prepared on a going concern basis. The directors have reviewed the company’s financial position and consider it has sufficient resources to continue in operational existence for the foreseeable future.

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

13 months to 30 June 2024
Average number of employees during the period 2

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Fixed investments

The company holds investments in subsidiary undertakings, which are stated at cost less any provision for impairment. The carrying value of these investments is reviewed annually to assess whether any indicators of impairment exist. The subsidiaries benefiting from these investments include Hyp Live Ltd, Hyp Commerce Ltd, and Outsourced Print Ltd. These entities utilize trademarks, domain names, and storage facilities owned by Hyp Group Ltd.

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

Creditors falling due within one year consist of the following: -Director’s Loan Account: £450 -Other trade creditors: £0 -Total creditors due within one year: £450 The director’s loan is interest-free, unsecured, and repayable on demand.

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Financial commitments

Operating Lease Commitments The company has entered into an operating lease agreement for a storage unit, which is used to support its subsidiaries. The lease obligations are payable on a periodic basis and are not capitalized as fixed assets. Intellectual Property Commitments The company holds trademarks and domain names that are utilized by its subsidiaries. These intangible assets are subject to periodic renewal fees and legal maintenance costs. There are no other material financial commitments at the reporting date.

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Loans to directors

Name of director receiving advance or credit: Alexander Rogan Redfarn
Description of the loan: During the period, Alex Redfarn loaned £450 to Hyp Group Ltd. No withdrawals were made. As of 30 June 2024, the company owes £450 to the director, recorded as a liability. The loan is interest-free, unsecured, and repayable on demand.
£
Advances or credits made: 450
Advances or credits repaid: 0
Balance at 30 June 2024 450

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Related party transactions

Name of the related party: Alexander Rogan Redfarn
Relationship:
Director
Description of the Transaction: During the period, Alex Redfarn loaned £450 to Hyp Group Ltd. The loan remains outstanding at the year-end and is recorded under 'Creditors – Amounts Falling Due Within One Year'. The loan is interest-free, unsecured, and repayable on demand.
£
Balance at 30 June 2024 450

HYP GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

8. Post balance sheet events

Subsequent to the balance sheet date, the company was successful in a legal case, resulting in a financial settlement received by Hyp Group Ltd. The settlement amount has been received and will be reflected in the next financial period. This event does not affect the figures reported in these financial statements.