HAP (Holdings) Limited 10613021 false 2024-02-01 2024-11-30 2024-11-30 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true true 10613021 2024-02-01 2024-11-30 10613021 2024-11-30 10613021 bus:OrdinaryShareClass1 2024-11-30 10613021 core:RetainedEarningsAccumulatedLosses 2024-11-30 10613021 core:ShareCapital 2024-11-30 10613021 core:SharePremium 2024-11-30 10613021 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-11-30 10613021 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 10613021 core:FurnitureFittingsToolsEquipment 2024-11-30 10613021 core:MotorVehicles 2024-11-30 10613021 bus:SmallEntities 2024-02-01 2024-11-30 10613021 bus:AuditExemptWithAccountantsReport 2024-02-01 2024-11-30 10613021 bus:FilletedAccounts 2024-02-01 2024-11-30 10613021 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2024-11-30 10613021 bus:RegisteredOffice 2024-02-01 2024-11-30 10613021 bus:CompanySecretaryDirector1 2024-02-01 2024-11-30 10613021 bus:Director1 2024-02-01 2024-11-30 10613021 bus:OrdinaryShareClass1 2024-02-01 2024-11-30 10613021 bus:PrivateLimitedCompanyLtd 2024-02-01 2024-11-30 10613021 core:FurnitureFittingsToolsEquipment 2024-02-01 2024-11-30 10613021 core:MotorVehicles 2024-02-01 2024-11-30 10613021 core:OfficeEquipment 2024-02-01 2024-11-30 10613021 countries:EnglandWales 2024-02-01 2024-11-30 10613021 2024-01-31 10613021 core:FurnitureFittingsToolsEquipment 2024-01-31 10613021 core:MotorVehicles 2024-01-31 10613021 2023-02-01 2024-01-31 10613021 2024-01-31 10613021 bus:OrdinaryShareClass1 2024-01-31 10613021 core:RetainedEarningsAccumulatedLosses 2024-01-31 10613021 core:ShareCapital 2024-01-31 10613021 core:SharePremium 2024-01-31 10613021 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 10613021 core:FurnitureFittingsToolsEquipment 2024-01-31 10613021 core:MotorVehicles 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

HAP (Holdings) Limited

Annual Report and Unaudited Financial Statements
Period from 1 February 2024 to 30 November 2024

Registration number: 10613021

 

HAP (Holdings) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

HAP (Holdings) Limited

Balance Sheet

30 November 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

5

34,752

427

Other financial assets

6

121,778

112,167

 

156,530

112,594

Current assets

 

Cash at bank and in hand

 

1,982,678

2,060,626

Creditors: Amounts falling due within one year

7

(10,020)

(9,050)

Net current assets

 

1,972,658

2,051,576

Net assets

 

2,129,188

2,164,170

Capital and reserves

 

Called up share capital

8

100

100

Share premium reserve

1,599,900

1,599,900

Profit and loss account

529,188

564,170

Shareholders' funds

 

2,129,188

2,164,170

 

HAP (Holdings) Limited

Balance Sheet

30 November 2024

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 March 2025 and signed on its behalf by:
 

.........................................
R G Crang
Director

.........................................
S J Crang
Company secretary and director

Company Registration Number: 10613021

 

HAP (Holdings) Limited

Notes to the Unaudited Financial Statements

Period from 1 February 2024 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Park
TORQUAY
TQ2 7FF

The principal place of business is:
44 Higher Warborough Road
Galmpton
BRIXHAM
TQ5 0PF

These financial statements were authorised for issue by the Board on 3 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is pounds sterling.

Going concern

In the opinion of the directors, the company has sufficient sufficient support of its members to continue to operate for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

HAP (Holdings) Limited

Notes to the Unaudited Financial Statements

Period from 1 February 2024 to 30 November 2024

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

HAP (Holdings) Limited

Notes to the Unaudited Financial Statements

Period from 1 February 2024 to 30 November 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances,
• Investments.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Investments where they are publicly traded or their fair value can be measured reliably are measured at fair value through the profit and loss account. The fair value has been measured at the quoted market price at the balance sheet date. Investments where the fair value cannot be measured reliably are measured at cost less impairment.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

4

Unrealised gains / (losses)

The profit and loss account includes unrealised gains / (losses) on fixed asset investments.

 

HAP (Holdings) Limited

Notes to the Unaudited Financial Statements

Period from 1 February 2024 to 30 November 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

759

-

759

Additions

1,200

42,270

43,470

At 30 November 2024

1,959

42,270

44,229

Depreciation

At 1 February 2024

332

-

332

Charge for the period

339

8,806

9,145

At 30 November 2024

671

8,806

9,477

Carrying amount

At 30 November 2024

1,288

33,464

34,752

At 31 January 2024

427

-

427

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Valuation

At 1 February 2024

112,167

112,167

Additions

1,348

1,348

Fair value adjustments

8,263

8,263

At 30 November 2024

121,778

121,778

Impairment

Carrying amount

At 30 November 2024

121,778

121,778

 

HAP (Holdings) Limited

Notes to the Unaudited Financial Statements

Period from 1 February 2024 to 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

30 November
2024
£

31 January
2024
£

Due within one year

Trade creditors

1,236

32

Taxation and social security

-

959

Accruals and deferred income

1,600

1,500

Other creditors

7,184

6,559

10,020

9,050

8

Share capital

Allotted, called up and fully paid shares

30 November
2024

31 January
2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100