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Registration number: 05714967

HR 180 Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

HR 180 Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

HR 180 Ltd

(Registration number: 05714967)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

43,421

62,171

Current assets

 

Debtors

6

33,962

366,932

Cash at bank and in hand

 

487,659

510,331

 

521,621

877,263

Creditors: Amounts falling due within one year

7

(85,505)

(139,728)

Net current assets

 

436,116

737,535

Total assets less current liabilities

 

479,537

799,706

Provisions for liabilities

(10,855)

(11,756)

Net assets

 

468,682

787,950

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

468,482

787,750

Shareholders' funds

 

468,682

787,950

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

Mrs C E Morley-Jones
Director

   
     
 

HR 180 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Oak House
Unit E, Parkhill
Walton Road
Wetherby
LS22 5DZ

The principal place of business is:
Oak House
Unit E, Parkhill
Walton Road
Wetherby
LS22 5DZ

These financial statements were authorised for issue by the Board on 22 July 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

HR 180 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Fixtures and fittings

25% Reducing balance

Leasehold improvements

20% Straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 10).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

19,869

17,764

 

HR 180 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

11,560

26,696

65,000

103,256

Additions

-

1,119

-

1,119

At 31 March 2025

11,560

27,815

65,000

104,375

Depreciation

At 1 April 2024

8,869

18,778

13,438

41,085

Charge for the year

1,404

2,215

16,250

19,869

At 31 March 2025

10,273

20,993

29,688

60,954

Carrying amount

At 31 March 2025

1,287

6,822

35,312

43,421

At 31 March 2024

2,691

7,918

51,562

62,171

Included within the net book value of land and buildings above is £1,287 (2024 - £2,691) in respect of short leasehold land and buildings.
 

6

Debtors

Current

2025
£

2024
£

Trade debtors

12,465

30,068

Prepayments

4,234

4,899

Other debtors

17,263

331,965

 

33,962

366,932

 

HR 180 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

24,455

37,422

Trade creditors

 

290

290

Taxation and social security

 

45,190

67,422

Accruals and deferred income

 

1,450

24,150

Other creditors

 

14,120

10,444

 

85,505

139,728

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary A shares of £1 each

88

88

85

85

Ordinary B shares of £1 each

12

12

12

12

Ordinary C shares of £1 each

-

-

3

3

200

200

200

200

9

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

24,455

37,422