Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-312025-05-152024-02-011No description of principal activity1falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14490815 2024-02-01 2025-01-31 14490815 2022-11-17 2024-01-31 14490815 2025-01-31 14490815 2024-01-31 14490815 c:Director1 2024-02-01 2025-01-31 14490815 d:CurrentFinancialInstruments 2025-01-31 14490815 d:CurrentFinancialInstruments 2024-01-31 14490815 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 14490815 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14490815 d:ShareCapital 2025-01-31 14490815 d:ShareCapital 2024-01-31 14490815 d:RetainedEarningsAccumulatedLosses 2025-01-31 14490815 d:RetainedEarningsAccumulatedLosses 2024-01-31 14490815 c:OrdinaryShareClass1 2024-02-01 2025-01-31 14490815 c:OrdinaryShareClass1 2025-01-31 14490815 c:OrdinaryShareClass1 2024-01-31 14490815 c:OrdinaryShareClass2 2024-02-01 2025-01-31 14490815 c:OrdinaryShareClass2 2025-01-31 14490815 c:OrdinaryShareClass2 2024-01-31 14490815 c:FRS102 2024-02-01 2025-01-31 14490815 c:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 14490815 c:FullAccounts 2024-02-01 2025-01-31 14490815 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14490815 6 2024-02-01 2025-01-31 14490815 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14490815









CONNECT HIRE GROUP LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
CONNECT HIRE GROUP LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONNECT HIRE GROUP LTD
FOR THE YEAR ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Connect Hire Group Ltd for the year ended 31 January 2025 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a 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 icaew.com/regulation.


This report is made solely to the Director of Connect Hire Group Ltd in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Connect Hire Group Ltd and state those matters that we have agreed to state to him 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 Connect Hire Group Ltd and its Director for our work or for this report.
 
 
It is your duty to ensure that Connect Hire Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Connect Hire Group Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Connect Hire Group Ltd. 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.





Price Bailey LLP
 
Chartered Accountants
  
Causeway House
1 Dane Street
Bishop's Stortford
Hertfordshire
CM23 3BT

5 June 2025
Page 1

 
CONNECT HIRE GROUP LTD
REGISTERED NUMBER: 14490815

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 4 
5,285,197
5,285,197

Current assets
  

Debtors: amounts falling due within one year
 5 
4,395
478

  
4,395
478

Creditors: amounts falling due within one year
 6 
(8,342)
(5,921)

Net current liabilities
  
 
 
(3,947)
 
 
(5,443)

  

Net assets
  
5,281,250
5,279,754


Capital and reserves
  

Called up share capital 
 7 
485
485

Profit and loss account
  
5,280,765
5,279,269

  
5,281,250
5,279,754


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 income and retained earnings 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 O J Cave
Director

Date: 15 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CONNECT HIRE GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

The Company is a private Company limited by shares and is incorporated in England and Wales. The address of its Registered Office is Hadham Park, Hadham Road, Bishops Stortford, Hertfordshire, CM23 1JH.

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

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:

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.

 
2.3

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 reporting date in the countries where the Company operates and generates income.


Page 3

 
CONNECT HIRE GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.



3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4

 
CONNECT HIRE GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2024
5,285,197



At 31 January 2025
5,285,197





5.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
3,917
-

Other debtors
478
478

4,395
478



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Amounts owed to group undertakings
-
2,545

Corporation tax
156
-

Other creditors
1
1

Accruals and deferred income
8,185
3,375

8,342
5,921



7.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



480 (2024 - 480) Ordinary A shares of £1 each
480
480
5 (2024 - 5) Ordinary B shares of £1 each
5
5

485

485


Page 5

 
CONNECT HIRE GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

8.


Related party transactions

The company has taken advantage of the exemption under FRS 102, Section 33, from disclosing transactions with wholly owned subsidiaries. 
At the year end, the amounts owed to the company by the director was £478 (2024 - £478).   


9.


Controlling party

The ultimate controlling party is Mr O J Cave.


Page 6