Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseDevelopment of building projects22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12902678 2024-01-01 2024-12-31 12902678 2023-01-01 2023-12-31 12902678 2024-12-31 12902678 2023-12-31 12902678 2023-01-01 12902678 c:Director1 2024-01-01 2024-12-31 12902678 d:ComputerEquipment 2024-01-01 2024-12-31 12902678 d:ComputerEquipment 2024-12-31 12902678 d:ComputerEquipment 2023-12-31 12902678 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12902678 d:FreeholdInvestmentProperty 2024-12-31 12902678 d:FreeholdInvestmentProperty 2023-12-31 12902678 d:CurrentFinancialInstruments 2024-12-31 12902678 d:CurrentFinancialInstruments 2023-12-31 12902678 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12902678 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12902678 d:ShareCapital 2024-12-31 12902678 d:ShareCapital 2023-12-31 12902678 d:RetainedEarningsAccumulatedLosses 2024-12-31 12902678 d:RetainedEarningsAccumulatedLosses 2023-12-31 12902678 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 12902678 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12902678 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 12902678 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 12902678 d:RetirementBenefitObligationsDeferredTax 2024-12-31 12902678 d:RetirementBenefitObligationsDeferredTax 2023-12-31 12902678 c:OrdinaryShareClass1 2024-01-01 2024-12-31 12902678 c:OrdinaryShareClass1 2024-12-31 12902678 c:FRS102 2024-01-01 2024-12-31 12902678 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12902678 c:FullAccounts 2024-01-01 2024-12-31 12902678 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12902678 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12902678









HTS COMMERCIAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
HTS COMMERCIAL LIMITED
REGISTERED NUMBER: 12902678

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
-
96

Investment property
 5 
228,025
228,025

  
228,025
228,121

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
2,796,732
2,792,224

Cash at bank and in hand
  
7,624
18,943

  
2,804,356
2,811,167

Creditors: amounts falling due within one year
 7 
(3,160,750)
(3,215,591)

NET CURRENT LIABILITIES
  
 
 
(356,394)
 
 
(404,424)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(128,369)
(176,303)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(34,680)
(7,553)

  
 
 
(34,680)
 
 
(7,553)

NET LIABILITIES
  
(163,049)
(183,856)


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(163,149)
(183,956)

  
(163,049)
(183,856)


Page 1

 
HTS COMMERCIAL LIMITED
REGISTERED NUMBER: 12902678
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 directors acknowledge their 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 profit and loss account 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: 




Mr N L Brown
Director

Date: 27 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HTS COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

HTS Commercial Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA. Its principal trading address is 55 Eltisley Avenue, Cambridge, CB3 9JQ.
The Company's functional and presentational currency is GBP.

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 judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

After making appropiate enquiries, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. For this reason they continue to adopt the going concern basis in the preparation of the financial statements.

 
2.3

TURNOVER

Turnover comprises rental revenue recognised by the Company exclusive of Value Added Tax.

 
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.

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:

Computer equipment
-
33%
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.

Page 3

 
HTS COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors based on market derived evidence normally undertaken by professionally qualified valuers. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

 
2.6

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.

 
2.7

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

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.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
HTS COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

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 balance sheet 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 balance sheet 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 balance sheet date.



3.


EMPLOYEES



The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
HTS COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 January 2024
800



At 31 December 2024

800



DEPRECIATION


At 1 January 2024
704


Charge for the year on owned assets
96



At 31 December 2024

800



NET BOOK VALUE



At 31 December 2024
-



At 31 December 2023
96

Page 6

 
HTS COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 January 2024
228,025



AT 31 DECEMBER 2024
228,025

The valuations were made by the directors, on an open market value for existing use basis, based on professional advice received.





If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
228,025
228,025

228,025
228,025


6.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£


Trade debtors
13,658
9,150

Amounts owed by group undertakings
2,783,074
2,783,074

2,796,732
2,792,224


Page 7

 
HTS COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
15,050
66,416

Amounts owed to group undertakings
3,137,066
3,131,706

Other taxation and social security
1,517
1,518

Other creditors
-
8,334

Accruals and deferred income
7,117
7,617

3,160,750
3,215,591



8.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
7,553
895


Charged to profit or loss
27,127
6,658



AT END OF YEAR
34,680
7,553

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
40,730
39,361

Unrealised gains on investment property
6,063
6,063

Losses and other deductions
(12,113)
(37,871)

34,680
7,553


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 Ordinary shares of £1 each
100
100


 
Page 8