Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-05-312024-10-311true2023-11-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC382190 2023-11-01 2024-10-31 SC382190 2022-11-01 2023-10-31 SC382190 2024-10-31 SC382190 2023-10-31 SC382190 c:Director1 2023-11-01 2024-10-31 SC382190 c:Director1 2024-10-31 SC382190 c:Director2 2023-11-01 2024-10-31 SC382190 c:RegisteredOffice 2023-11-01 2024-10-31 SC382190 d:CurrentFinancialInstruments 2024-10-31 SC382190 d:CurrentFinancialInstruments 2023-10-31 SC382190 d:Non-currentFinancialInstruments 2024-10-31 SC382190 d:Non-currentFinancialInstruments 2023-10-31 SC382190 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC382190 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC382190 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC382190 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC382190 d:ShareCapital 2024-10-31 SC382190 d:ShareCapital 2023-10-31 SC382190 d:OtherMiscellaneousReserve 2024-10-31 SC382190 d:OtherMiscellaneousReserve 2023-10-31 SC382190 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC382190 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC382190 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC382190 c:OrdinaryShareClass1 2024-10-31 SC382190 c:OrdinaryShareClass1 2023-10-31 SC382190 c:OrdinaryShareClass2 2023-11-01 2024-10-31 SC382190 c:OrdinaryShareClass2 2024-10-31 SC382190 c:OrdinaryShareClass2 2023-10-31 SC382190 c:OrdinaryShareClass3 2023-11-01 2024-10-31 SC382190 c:OrdinaryShareClass3 2024-10-31 SC382190 c:OrdinaryShareClass3 2023-10-31 SC382190 c:FRS102 2023-11-01 2024-10-31 SC382190 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC382190 c:FullAccounts 2023-11-01 2024-10-31 SC382190 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC382190 6 2023-11-01 2024-10-31 SC382190 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC382190










HYDRUS ENGINEERING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
HYDRUS ENGINEERING LIMITED
 

COMPANY INFORMATION


DIRECTORS
Martin Anderson (resigned 31 May 2024)
Graeme Matthew 




REGISTERED NUMBER
SC382190



REGISTERED OFFICE
Units 14-15
Brechin Business Park

Brechin

Angus

DD9 6RJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
HYDRUS ENGINEERING LIMITED
REGISTERED NUMBER: SC382190

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

FIXED ASSETS
  

Investments
 4 
1,500,000
1,500,000

  
1,500,000
1,500,000

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
400
-

Cash at bank and in hand
  
1,491
19,613

  
1,891
19,613

Creditors: amounts falling due within one year
 6 
(795,637)
(214,357)

NET CURRENT LIABILITIES
  
 
 
(793,746)
 
 
(194,744)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
706,254
1,305,256

Creditors: amounts falling due after more than one year
 7 
-
(590,000)

  

NET ASSETS
  
706,254
715,256


CAPITAL AND RESERVES
  

Called up share capital 
 8 
200
200

Other reserves
  
742,562
742,562

Profit and loss account
  
(36,508)
(27,506)

  
706,254
715,256


Page 1

 
HYDRUS ENGINEERING LIMITED
REGISTERED NUMBER: SC382190

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider 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 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.

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 on 20 June 2025.



Graeme Matthew
Director

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

Page 2

 
HYDRUS ENGINEERING LIMITED
 

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

1.


GENERAL INFORMATION

Hydrus Engineering Limited is a private limited company, limited by shares, incorporated in Scotland with registration number SC382190. The registered office is Units 14-15 Brechin Business Park, Brechin, Angus, DD9 6RJ.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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 following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expecation 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 financial statements.

 
2.3

VALUATION OF INVESTMENTS

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

Page 3

 
HYDRUS ENGINEERING LIMITED
 

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

4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 November 2023
1,500,000



At 31 October 2024
1,500,000




The investment in Hydrus Energy Engineering Limited was revalued by the directors on 31 October 2013 at a fair value of £1,500,000 and the directors still believe this to be a reasonable value as at the balance sheet date. The original cost price of the investment was £757,438.

Page 4

 
HYDRUS ENGINEERING LIMITED
 

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

5.


DEBTORS

2024
2023
£
£


Other debtors
400
-

400
-



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Amounts owed to group undertakings
793,637
212,357

Accruals and deferred income
2,000
2,000

795,637
214,357



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Other creditors
-
590,000

-
590,000


Other creditors consist of loan notes with a par value of £nil (2023 - £590,000).  These were originally due for repayment in January 2022 and have now been repaid.  No interest is payable on the loan notes. 

Page 5

 
HYDRUS ENGINEERING LIMITED
 

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

8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



116 (2023 - 116) Ordinary A shares of £1.00 each
116
116
24 (2023 - 24) Ordinary B shares of £1.00 each
24
24
60 (2023 - 60) Ordinary C shares of £1.00 each
60
60

200

200



Page 6