IRIS Accounts Production v25.1.4.42 03087930 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 15.4.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030879302023-12-31030879302024-12-31030879302024-01-012024-12-31030879302022-12-31030879302023-01-012023-12-31030879302023-12-3103087930ns15:EnglandWales2024-01-012024-12-3103087930ns14:PoundSterling2024-01-012024-12-3103087930ns10:Director12024-01-012024-12-3103087930ns10:Director22024-01-012024-12-3103087930ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103087930ns10:SmallEntities2024-01-012024-12-3103087930ns10:Audited2024-01-012024-12-3103087930ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103087930ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103087930ns10:FullAccounts2024-01-012024-12-3103087930ns10:OrdinaryShareClass12024-01-012024-12-3103087930ns10:CompanySecretary12024-01-012024-12-3103087930ns10:RegisteredOffice2024-01-012024-12-3103087930ns5:CurrentFinancialInstruments2024-12-3103087930ns5:CurrentFinancialInstruments2023-12-3103087930ns5:ShareCapital2024-12-3103087930ns5:ShareCapital2023-12-3103087930ns5:SharePremium2024-12-3103087930ns5:SharePremium2023-12-3103087930ns5:CapitalRedemptionReserve2024-12-3103087930ns5:CapitalRedemptionReserve2023-12-3103087930ns5:RetainedEarningsAccumulatedLosses2024-12-3103087930ns5:RetainedEarningsAccumulatedLosses2023-12-3103087930ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-3103087930ns5:FurnitureFittings2024-01-012024-12-3103087930ns5:ComputerEquipment2024-01-012024-12-3103087930ns5:LandBuildings2023-12-3103087930ns5:PlantMachinery2023-12-3103087930ns5:LandBuildings2024-01-012024-12-3103087930ns5:PlantMachinery2024-01-012024-12-3103087930ns5:LandBuildings2024-12-3103087930ns5:PlantMachinery2024-12-3103087930ns5:LandBuildings2023-12-3103087930ns5:PlantMachinery2023-12-3103087930ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103087930ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103087930ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 03087930 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HQN LIMITED

HQN LIMITED (REGISTERED NUMBER: 03087930)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HQN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A D McIntosh
L Dlaboha





SECRETARY: L Dlaboha





REGISTERED OFFICE: Rockingham House
St Maurice's Road
York
North Yorkshire
YO31 7JA





REGISTERED NUMBER: 03087930 (England and Wales)





AUDITORS: Lloyd Dowson Audit Limited
Chartered Accountants
& Statutory Auditors
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

HQN LIMITED (REGISTERED NUMBER: 03087930)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,137 17,515

CURRENT ASSETS
Stocks 44,325 14,150
Debtors 5 555,359 535,222
Cash at bank and in hand 4,260,703 3,895,240
4,860,387 4,444,612
CREDITORS
Amounts falling due within one year 6 1,367,703 1,241,284
NET CURRENT ASSETS 3,492,684 3,203,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,509,821

3,220,843

PROVISIONS FOR LIABILITIES 3,778 3,761
NET ASSETS 3,506,043 3,217,082

CAPITAL AND RESERVES
Called up share capital 7 78 78
Share premium 37,341 37,341
Capital redemption reserve 20 20
Retained earnings 3,468,604 3,179,643
SHAREHOLDERS' FUNDS 3,506,043 3,217,082

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:




A D McIntosh - Director



L Dlaboha - Director


HQN LIMITED (REGISTERED NUMBER: 03087930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

HQN Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced supply of services, excluding value added tax.

Income regarding subscriptions and courses is deferred and released over the term of chargeable period, with the deferred amount being recorded as a current liability.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Straight line over 15 years
Office equipment - 50% on cost
Computer equipment - 50% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the statement of income and retained earnings in the period to which they relate.

The company implements automatic enrolment into a workplace pension scheme in relation to all employees.

All contributions payable for the year are charged to the statement of income and retained earnings.

HQN LIMITED (REGISTERED NUMBER: 03087930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 153,534 93,866 247,400
Additions - 20,485 20,485
Disposals - (18,679 ) (18,679 )
At 31 December 2024 153,534 95,672 249,206
DEPRECIATION
At 1 January 2024 153,534 76,351 229,885
Charge for year - 20,863 20,863
Eliminated on disposal - (18,679 ) (18,679 )
At 31 December 2024 153,534 78,535 232,069
NET BOOK VALUE
At 31 December 2024 - 17,137 17,137
At 31 December 2023 - 17,515 17,515

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 507,546 482,840
Other debtors 47,813 52,382
555,359 535,222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 84,480 66,798
Taxation and social security 300,078 347,226
Other creditors 983,145 827,260
1,367,703 1,241,284

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
78 Ordinary £1 78 78

HQN LIMITED (REGISTERED NUMBER: 03087930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tracy Meredith-Baker, FCA, FCCA (Senior Statutory Auditor)
for and on behalf of Lloyd Dowson Audit Limited

9. ULTIMATE CONTROLLING PARTY

The company is controlled by A D McIntosh.