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COMPANY REGISTRATION NUMBER: 12740644
Hyperscout Ltd
Filleted Unaudited Financial Statements
31 December 2024
Hyperscout Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
100
100
Creditors: amounts falling due within one year
5
74,964
--------
----
Net current (liabilities)/assets
( 74,864)
100
--------
----
Total assets less current liabilities
( 74,864)
100
--------
----
Net (liabilities)/assets
( 74,864)
100
--------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 74,964)
--------
----
Shareholders (deficit)/funds
( 74,864)
100
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr R D E Dowling
Director
Company registration number: 12740644
Hyperscout Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company commenced trading on 1st January 2024.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
2023
£
£
Other debtors
100
100
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
68,114
Other creditors
6,850
--------
----
74,964
--------
----