Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31false2023-09-01falseArtistic Creation11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10778950 2023-09-01 2024-08-31 10778950 2022-09-01 2023-08-31 10778950 2024-08-31 10778950 2023-08-31 10778950 c:Director1 2023-09-01 2024-08-31 10778950 d:FurnitureFittings 2023-09-01 2024-08-31 10778950 d:FurnitureFittings 2024-08-31 10778950 d:FurnitureFittings 2023-08-31 10778950 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10778950 d:CurrentFinancialInstruments 2024-08-31 10778950 d:CurrentFinancialInstruments 2023-08-31 10778950 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10778950 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10778950 d:ShareCapital 2024-08-31 10778950 d:ShareCapital 2023-08-31 10778950 d:RetainedEarningsAccumulatedLosses 2024-08-31 10778950 d:RetainedEarningsAccumulatedLosses 2023-08-31 10778950 c:FRS102 2023-09-01 2024-08-31 10778950 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10778950 c:FullAccounts 2023-09-01 2024-08-31 10778950 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10778950 2 2023-09-01 2024-08-31 10778950 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 10778950









HARE PERFORMANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
HARE PERFORMANCE LIMITED
REGISTERED NUMBER: 10778950

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,809
5,079

  
3,809
5,079

Current assets
  

Debtors: amounts falling due within one year
 5 
324,534
507,020

Cash at bank and in hand
 6 
426,920
231,766

  
751,454
738,786

Creditors: amounts falling due within one year
 7 
(330,138)
(665,534)

Net current assets
  
 
 
421,316
 
 
73,252

Total assets less current liabilities
  
425,125
78,331

  

Net assets
  
425,125
78,331


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
425,124
78,330

  
425,125
78,331


Page 1

 
HARE PERFORMANCE LIMITED
REGISTERED NUMBER: 10778950
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 20 March 2025.




Ms Karin Dreijer
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
HARE PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Hare Performance Limited is a Private Limited Company incorporated and registered in England and Wales (registration number: 10778950). The registered office address is 101 New Cavendish Street, First Floor South, London, United Kingdom, W1W 6XH.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
HARE PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Interest income

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

 
2.5

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


Page 4

 
HARE PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
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.

 
2.7

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.

 
2.8

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.

 
2.9

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.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
HARE PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2023
13,000



At 31 August 2024

13,000



Depreciation


At 1 September 2023
7,921


Charge for the year on owned assets
1,270



At 31 August 2024

9,191



Net book value



At 31 August 2024
3,809



At 31 August 2023
5,079


5.


Debtors

2024
2023
£
£


Trade debtors
81,150
418,554

Amounts owed by group undertakings
100,966
-

Other debtors
51,928
30,766

Prepayments and accrued income
90,490
57,700

324,534
507,020



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
426,920
231,766

426,920
231,766


Page 6

 
HARE PERFORMANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
156,682
103,328

Amounts owed to group undertakings
3,776
237,998

Other taxation and social security
-
15,179

Other creditors
-
2,262

Accruals and deferred income
169,680
306,767

330,138
665,534



8.


Related party transactions

The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the same group. 
Included within debtors is an amount of £76,225 (2023: £nil) due to the company from the Director, this balance has subsequently been repaid.
 

 
Page 7