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HPS NEWCO LIMITED

Registered Number
10450073
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

HPS NEWCO LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

SHEIL, Humphrey

Registered Address

71a Cowbridge Road East
Cardiff
CF11 9AF

Registered Number

10450073 (England and Wales)
HPS NEWCO LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,5997,803
1,5997,803
Current assets
Debtors5,42514,212
Cash at bank and on hand150,506175,496
155,931189,708
Creditors amounts falling due within one year4(8,641)(15,370)
Net current assets (liabilities)147,290174,338
Total assets less current liabilities148,889182,141
Net assets148,889182,141
Capital and reserves
Called up share capital11
Profit and loss account148,888182,140
Shareholders' funds148,889182,141
The financial statements were approved and authorised for issue by the Director on 9 July 2025, and are signed on its behalf by:
SHEIL, Humphrey
Director
Registered Company No. 10450073
HPS NEWCO LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Research and development
Research and development costs are charged against revenue in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles4
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 November 232,41625,4903,50131,407
Additions519--519
At 31 October 242,93525,4903,50131,926
Depreciation and impairment
At 01 November 232,34818,0553,20123,604
Charge for year2266,3721256,723
At 31 October 242,57424,4273,32630,327
Net book value
At 31 October 243611,0631751,599
At 31 October 23687,4353007,803
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables120120
Taxation and social security2115,250
Other creditors8,500-
Total8,64115,370
Included in other creditors is amount of £8,500 (2023: £0) which is due to director.