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Registered number: 10195901
Hywin Capital (Uk) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Silverstone Business Consulting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10195901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,260 2,856
Investments 5 399,987 832,821
403,247 835,677
CURRENT ASSETS
Debtors 6 2,577 3,038
Cash at bank and in hand 141,693 696,806
144,270 699,844
Creditors: Amounts Falling Due Within One Year 7 (1,505,306 ) (1,588,856 )
NET CURRENT ASSETS (LIABILITIES) (1,361,036 ) (889,012 )
TOTAL ASSETS LESS CURRENT LIABILITIES (957,789 ) (53,335 )
NET LIABILITIES (957,789 ) (53,335 )
CAPITAL AND RESERVES
Called up share capital 8 2,994,125 2,986,030
Share premium account 1,999,990 1,999,990
Revaluation reserve 9 71,565 71,565
Profit and Loss Account (6,023,469 ) (5,110,920 )
SHAREHOLDERS' FUNDS (957,789) (53,335)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms S Lin
Director
19/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hywin Capital (Uk) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10195901 . The registered office is 2nd Floor,, 21-22 Grosvenor Street, London, England, W1K 4QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% rbm
Computer Equipment 25% rbm
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,220 2,972 8,192
Additions - 1,165 1,165
As at 31 March 2024 5,220 4,137 9,357
Depreciation
As at 1 April 2023 2,783 2,553 5,336
Provided during the period 365 396 761
As at 31 March 2024 3,148 2,949 6,097
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 2,072 1,188 3,260
As at 1 April 2023 2,437 419 2,856
5. Investments
Listed Other Total
£ £ £
Cost
As at 1 April 2023 900,000 482,821 1,382,821
Additions 239,311 - 239,311
Disposals - (65,902 ) (65,902 )
Revaluations 60,689 (16,932 ) 43,757
As at 31 March 2024 1,200,000 399,987 1,599,987
Provision
As at 1 April 2023 550,000 - 550,000
Impairment losses 650,000 - 650,000
As at 31 March 2024 1,200,000 - 1,200,000
Net Book Value
As at 31 March 2024 - 399,987 399,987
As at 1 April 2023 350,000 482,821 832,821
6. Debtors
2024 2023
£ £
Due within one year
VAT control account 2,577 3,038
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 12,778 11,168
Other Loan (HK) 566,514 566,514
PAYE control account (1,025 ) 17,293
Other creditors and other loan 799,546 799,546
Other Creditors - director's expenses 3,542 2,237
BarclayLoan more than one year 21,941 32,589
Accruals 5,629 13,129
Director's loan account 96,380 146,380
1,505,306 1,588,856
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,994,125 2,986,030
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
As at 1 April 2023 71,565
As at 31 March 2024 71,565
Page 5