Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01falseNo description of principal activity1010trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06126710 2024-01-01 2024-12-31 06126710 2023-01-01 2023-12-31 06126710 2024-12-31 06126710 2023-12-31 06126710 c:CompanySecretary1 2024-01-01 2024-12-31 06126710 c:Director1 2024-01-01 2024-12-31 06126710 c:RegisteredOffice 2024-01-01 2024-12-31 06126710 d:ComputerEquipment 2024-01-01 2024-12-31 06126710 d:ComputerEquipment 2024-12-31 06126710 d:ComputerEquipment 2023-12-31 06126710 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06126710 d:CurrentFinancialInstruments 2024-12-31 06126710 d:CurrentFinancialInstruments 2023-12-31 06126710 d:Non-currentFinancialInstruments 2024-12-31 06126710 d:Non-currentFinancialInstruments 2023-12-31 06126710 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06126710 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06126710 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06126710 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06126710 d:ShareCapital 2024-12-31 06126710 d:ShareCapital 2023-12-31 06126710 d:RetainedEarningsAccumulatedLosses 2024-12-31 06126710 d:RetainedEarningsAccumulatedLosses 2023-12-31 06126710 c:FRS102 2024-01-01 2024-12-31 06126710 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06126710 c:FullAccounts 2024-01-01 2024-12-31 06126710 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06126710 d:WithinOneYear 2024-12-31 06126710 d:WithinOneYear 2023-12-31 06126710 d:BetweenOneFiveYears 2024-12-31 06126710 d:BetweenOneFiveYears 2023-12-31 06126710 4 2024-01-01 2024-12-31 06126710 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 06126710







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


HIGH PERFORMANCE SOFTWARE LIMITED






































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HIGH PERFORMANCE SOFTWARE LIMITED
 


 
COMPANY INFORMATION


Director
P. J. Gillett 




Company secretary
J. H. Gillett



Registered number
06126710



Registered office
Lily Hill House
Lily Hill Road

Bracknell

Berkshire

RG12 2SJ




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


HIGH PERFORMANCE SOFTWARE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


HIGH PERFORMANCE SOFTWARE LIMITED
REGISTERED NUMBER:06126710



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,044
4,190

Investments
 5 
50
50

  
8,094
4,240

Current assets
  

Debtors: amounts falling due within one year
 6 
951,829
542,937

Current asset investments
 7 
445,162
620,162

Cash at bank and in hand
  
96,568
74,323

  
1,493,559
1,237,422

Creditors: amounts falling due within one year
 8 
(1,257,488)
(1,002,278)

Net current assets
  
 
 
236,071
 
 
235,144

Total assets less current liabilities
  
244,165
239,384

Creditors: amounts falling due after more than one year
 9 
(4,674)
(15,061)

  

Net assets
  
239,491
224,323

Page 1

 


HIGH PERFORMANCE SOFTWARE LIMITED
REGISTERED NUMBER:06126710


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

2024
2023
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
239,391
224,223

  
239,491
224,323


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 on 21 July 2025.




P. J. Gillett
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


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

1.


General information

High Performance Software Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.

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

Exemption from preparing consolidated financial statements

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

 
2.3

Revenue

Revenue is derived from the provision of a software platform and lead captures and 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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

Valuation of investments

Current asset investments are remeasured annually at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.8

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


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

2.Accounting policies (continued)

 
2.9

Current and deferred 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 5

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


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

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2024
17,583


Additions
5,497



At 31 December 2024

23,080



Depreciation


At 1 January 2024
13,393


Charge for the year
1,643



At 31 December 2024

15,036



Net book value



At 31 December 2024
8,044



At 31 December 2023
4,190


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
50



At 31 December 2024
50




Page 6

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


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

6.


Debtors

2024
2023
£
£


Trade debtors
74,832
82,405

Amounts owed by group undertakings
847,397
408,946

Other debtors
9,078
21,466

Called up share capital not paid
100
100

Prepayments and accrued income
14,114
12,659

Tax recoverable
6,308
17,361

951,829
542,937



7.


Current asset investments

2024
2023
£
£

Unlisted investments
445,162
620,162

445,162
620,162



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
10,138
9,890

Trade creditors
14,689
16,683

Other taxation and social security
10,583
18,413

Other creditors
1,080,682
911,613

Accruals and deferred income
141,396
45,679

1,257,488
1,002,278


Included within other loans due within one year is a government backed bounce back loan. Interest will be charged on the bounce back loan at a rate of 2.5%. There is no security for this loan.

Page 7

 


HIGH PERFORMANCE SOFTWARE LIMITED
 


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

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
4,674
15,061

4,674
15,061


The bank loan is due between two and five years, the figure above is a government backed bounce back loan. Interest will be charged on the bounce back loan at a rate of 2.5%. There is no security for this loan.


10.


Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
31,271
31,271

Later than 1 year and not later than 5 years
-
31,271

31,271
62,542


11.


Related party transactions

As at 31 December 2024 the company was owed £9,078 (2023 - £15,107) by Zuant Inc, a company wholly owned by P.J. Gillett.
Also included within other debtors is £nil (2023 - £6,137) owed by Zuant Limited, a company wholly owned by P.J. Gillett.
Included within other creditors is £1,074,110 (2023 - £904,719) due to Marketpoint Europe Limited, a company in which P.J. Gillett has a controlling interest.
No interest has been charged on these loans.
The ultimate controlling party of High Performance Software Limited is P.J. Gillett by nature of his majority shareholding.

 
Page 8