Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false14false2024-04-01Other publishing activities15falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12357871 2024-04-01 2025-03-31 12357871 2023-04-01 2024-03-31 12357871 2025-03-31 12357871 2024-03-31 12357871 2023-04-01 12357871 c:Director1 2024-04-01 2025-03-31 12357871 d:FurnitureFittings 2024-04-01 2025-03-31 12357871 d:FurnitureFittings 2025-03-31 12357871 d:FurnitureFittings 2024-03-31 12357871 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12357871 d:OfficeEquipment 2024-04-01 2025-03-31 12357871 d:OfficeEquipment 2025-03-31 12357871 d:OfficeEquipment 2024-03-31 12357871 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12357871 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12357871 d:ComputerSoftware 2025-03-31 12357871 d:ComputerSoftware 2024-03-31 12357871 d:CurrentFinancialInstruments 2025-03-31 12357871 d:CurrentFinancialInstruments 2024-03-31 12357871 d:Non-currentFinancialInstruments 2025-03-31 12357871 d:Non-currentFinancialInstruments 2024-03-31 12357871 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12357871 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12357871 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 12357871 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12357871 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 12357871 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 12357871 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 12357871 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 12357871 d:ShareCapital 2024-04-01 2025-03-31 12357871 d:ShareCapital 2025-03-31 12357871 d:ShareCapital 2024-03-31 12357871 d:ShareCapital 2023-04-01 12357871 d:SharePremium 2024-04-01 2025-03-31 12357871 d:SharePremium 2025-03-31 12357871 d:SharePremium 2024-03-31 12357871 d:SharePremium 2023-04-01 12357871 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 12357871 d:RetainedEarningsAccumulatedLosses 2025-03-31 12357871 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 12357871 d:RetainedEarningsAccumulatedLosses 2024-03-31 12357871 d:RetainedEarningsAccumulatedLosses 2023-04-01 12357871 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 12357871 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12357871 d:RetirementBenefitObligationsDeferredTax 2025-03-31 12357871 d:RetirementBenefitObligationsDeferredTax 2024-03-31 12357871 c:OrdinaryShareClass2 2024-04-01 2025-03-31 12357871 c:OrdinaryShareClass2 2025-03-31 12357871 c:OrdinaryShareClass2 2024-03-31 12357871 c:OrdinaryShareClass3 2024-04-01 2025-03-31 12357871 c:OrdinaryShareClass3 2025-03-31 12357871 c:OrdinaryShareClass3 2024-03-31 12357871 c:OrdinaryShareClass4 2024-04-01 2025-03-31 12357871 c:OrdinaryShareClass4 2025-03-31 12357871 c:OrdinaryShareClass4 2024-03-31 12357871 c:OrdinaryShareClass5 2024-04-01 2025-03-31 12357871 c:OrdinaryShareClass5 2025-03-31 12357871 c:OrdinaryShareClass5 2024-03-31 12357871 c:FRS102 2024-04-01 2025-03-31 12357871 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12357871 c:FullAccounts 2024-04-01 2025-03-31 12357871 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12357871 d:WithinOneYear 2025-03-31 12357871 d:WithinOneYear 2024-03-31 12357871 d:BetweenOneFiveYears 2025-03-31 12357871 d:BetweenOneFiveYears 2024-03-31 12357871 2 2024-04-01 2025-03-31 12357871 6 2024-04-01 2025-03-31 12357871 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12357871










H2 CREATIVE (BATH) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
H2 CREATIVE (BATH) LIMITED
REGISTERED NUMBER: 12357871

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,000
5,000

Tangible assets
 5 
13,296
18,060

Investments
 6 
109,185
117,202

  
127,481
140,262

Current assets
  

Debtors: amounts falling due within one year
 7 
103,949
83,581

Cash at bank and in hand
 8 
103,321
152,022

  
207,270
235,603

Creditors: amounts falling due within one year
 9 
(155,280)
(173,126)

Net current assets
  
 
 
51,990
 
 
62,477

Total assets less current liabilities
  
179,471
202,739

Creditors: amounts falling due after more than one year
 10 
(1,667)
(11,667)

Provisions for liabilities
  

Deferred tax
 12 
(3,509)
(4,748)

  
 
 
(3,509)
 
 
(4,748)

Net assets
  
174,295
186,324


Capital and reserves
  

Called up share capital 
 13 
110
100

Share premium account
  
9,980
4,990

Profit and loss account
  
164,205
181,234

  
174,295
186,324


Page 1

 
H2 CREATIVE (BATH) LIMITED
REGISTERED NUMBER: 12357871

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 comprehensive income 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 by: 




P J Hammond
Director

Date: 1 August 2025

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
H2 CREATIVE (BATH) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 April 2023
100
4,990
152,086
157,176



Profit for the year
-
-
294,959
294,959

Dividends: Equity capital
-
-
(265,811)
(265,811)



At 1 April 2024
100
4,990
181,234
186,324



Profit for the year
-
-
218,683
218,683

Dividends: Equity capital
-
-
(235,712)
(235,712)

Shares issued during the year
10
4,990
-
5,000


At 31 March 2025
110
9,980
164,205
174,295


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

H2 Creative (Bath) Limited is a private company, limited by share capital and incorporated in England and Wales.
The company's registered office is: 2 Communications Road, Greenham Business Park, Newbury, Berkshire, RG19 6AB . The principal place of business is: 2 St. Katherine’s Court, Frome Road, Bradford on Avon, Wiltshire BA15 1LE.
The principal activity of the company is that of a creative agency.

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

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet 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 balance sheet 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 balance sheet date.


Page 5

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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 following methods.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing-balance method
Office equipment
-
33%
straight-line method

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.

 
2.11

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 6

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2024 - 14).

Page 7

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Domain

£



Cost


At 1 April 2024
5,000



At 31 March 2025

5,000






Net book value



At 31 March 2025
5,000



At 31 March 2024
5,000




5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
10,307
50,652
60,959


Additions
-
6,052
6,052



At 31 March 2025

10,307
56,704
67,011



Depreciation


At 1 April 2024
3,279
39,620
42,899


Charge for the year on owned assets
1,405
9,411
10,816



At 31 March 2025

4,684
49,031
53,715



Net book value



At 31 March 2025
5,623
7,673
13,296



At 31 March 2024
7,028
11,032
18,060

Page 8

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 April 2024
30
117,172
117,202


Disposals
-
(12,062)
(12,062)


Revaluations
-
4,075
4,075


Amounts written off
(30)
-
(30)



At 31 March 2025
-
109,185
109,185





7.


Debtors

2025
2024
£
£


Trade debtors
103,789
83,581

Other debtors
160
-

103,949
83,581



8.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
103,321
152,022



9.


Creditors: amounts falling due within one year

2025
2024
£
£

Bank loans
10,000
10,000

Trade creditors
10,818
12,145

Corporation tax
75,574
95,013

Other taxation and social security
55,824
52,831

Other creditors
3,044
3,137

Accruals and deferred income
20
-

155,280
173,126


Page 9

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Bank loans
1,667
11,667



11.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
1,667
10,000


1,667
10,000

Amounts falling due 2-5 years

Bank loans
-
1,667


-
1,667


11,667
21,667


Included in bank loans is £11,667 (2024: £21,667) of which interest is payable at 2.5% and the loan is repayable over 6 years.

Page 10

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Deferred taxation




2025


£






At beginning of year
(4,748)


Charged to profit or loss
1,239



At end of year
(3,509)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(3,324)
(4,515)

Short term timing differences
(185)
(233)

(3,509)
(4,748)


13.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



30 (2024 - 30) A Ordinary shares of £1.00 each
30
30
30 (2024 - 30) B Ordinary shares of £1.00 each
30
30
30 (2024 - 30) C Ordinary shares of £1.00 each
30
30
20 (2024 - 10) D Ordinary shares of £1.00 each
20
10

110

100


During the year 10 D Ordinary shares of £1 each were issued for a consideration of £5,000.


14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £22,527 (2024 - £14,529). Contributions totalling £739 (2024 - £932) were payable to the fund at the balance sheet date and are included in creditors.

Page 11

 
H2 CREATIVE (BATH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

15.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
7,420
8,094

Later than 1 year and not later than 5 years
-
7,420

7,420
15,514


16.


Controlling party

The Company is controlled by its directors.


Page 12