Company Registration No. 03729837 (England and Wales)
THE HACKING PARTNERSHIP PLC
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THE HACKING PARTNERSHIP PLC
COMPANY INFORMATION
Directors
M Dyer
D M Kaye
M Dyer
Secretary
E L Services Limited
Company number
03729837
Registered office
Lombard Wharf
14 Lombard Road
London
SW11 3GP
Accountants
Gerald Edelman LLP
73 Cornhill
London
EC3V 3QQ
THE HACKING PARTNERSHIP PLC
CONTENTS
Page
Directors' report
1
Accountants' report
2
Statement of comprehensive income
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 8
THE HACKING PARTNERSHIP PLC
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -
The directors present their annual report and financial statements for the year ended 31 March 2025.
Principal activities
The company did not trade during the year.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
M Dyer
D M Kaye
M Dyer
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
M Dyer
Director
3 June 2025
THE HACKING PARTNERSHIP PLC
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE HACKING PARTNERSHIP PLC FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Hacking Partnership PLC for the year ended 31 March 2025 set out on pages 4 to 8 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of The Hacking Partnership PLC, as a body, in accordance with the terms of our engagement letter dated 31 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of The Hacking Partnership PLC and state those matters that we have agreed to state to the board of directors of The Hacking Partnership PLC, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Hacking Partnership PLC and its board of directors as a body, for our work or for this report.
It is your duty to ensure that The Hacking Partnership PLC has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of The Hacking Partnership PLC. You consider that The Hacking Partnership PLC is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Hacking Partnership PLC. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gerald Edelman LLP
Chartered Accountants
73 Cornhill
London
EC3V 3QQ
3 June 2025
THE HACKING PARTNERSHIP PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2025
2024
£
£
Loss for the year
Other comprehensive income
-
-
Total comprehensive income for the year
THE HACKING PARTNERSHIP PLC
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 4 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
12,140
12,140
Creditors: amounts falling due within one year
4
(215)
(215)
Net current assets
11,925
11,925
Capital and reserves
Called up share capital
5
12,500
12,500
Profit and loss reserves
(575)
(575)
Total equity
11,925
11,925
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 June 2025 and are signed on its behalf by:
M Dyer
Director
Company registration number 03729837 (England and Wales)
THE HACKING PARTNERSHIP PLC
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
12,500
(575)
11,925
Year ended 31 March 2024:
Profit and total comprehensive income
-
Balance at 31 March 2024
12,500
(575)
11,925
Year ended 31 March 2025:
Profit and total comprehensive income
-
Balance at 31 March 2025
12,500
(575)
11,925
THE HACKING PARTNERSHIP PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
1
Accounting policies
Company information
The Hacking Partnership PLC is a public company limited by shares incorporated in England and Wales. The registered office is Lombard Wharf, 14 Lombard Road, London, SW11 3GP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities are classified according to the substance of the contractual arrangements entered into.
THE HACKING PARTNERSHIP PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
12,140
12,140
4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
215
215
THE HACKING PARTNERSHIP PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
5
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
12,500
12,500
12,500
12,500
6
Ultimate controlling party
The company was under the control of M Dyer, throughout the year.
7
Related party transactions
Included in other debtors is an amount of £12,140 (2024 £12,140) due from Wasp Investments Limited, a company in which M Dyer has a material interest.