Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28falsefalse2024-03-01Creation and exploitation of intellectual property11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08411924 2024-03-01 2025-02-28 08411924 2023-03-01 2024-02-29 08411924 2025-02-28 08411924 2024-02-29 08411924 c:Director1 2024-03-01 2025-02-28 08411924 d:FurnitureFittings 2024-03-01 2025-02-28 08411924 d:FurnitureFittings 2025-02-28 08411924 d:FurnitureFittings 2024-02-29 08411924 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08411924 d:OfficeEquipment 2024-03-01 2025-02-28 08411924 d:OfficeEquipment 2025-02-28 08411924 d:OfficeEquipment 2024-02-29 08411924 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08411924 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08411924 d:CurrentFinancialInstruments 2025-02-28 08411924 d:CurrentFinancialInstruments 2024-02-29 08411924 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 08411924 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08411924 d:ShareCapital 2025-02-28 08411924 d:ShareCapital 2024-02-29 08411924 d:RetainedEarningsAccumulatedLosses 2025-02-28 08411924 d:RetainedEarningsAccumulatedLosses 2024-02-29 08411924 c:OrdinaryShareClass2 2024-03-01 2025-02-28 08411924 c:OrdinaryShareClass2 2025-02-28 08411924 c:OrdinaryShareClass2 2024-02-29 08411924 c:OrdinaryShareClass3 2024-03-01 2025-02-28 08411924 c:OrdinaryShareClass3 2025-02-28 08411924 c:OrdinaryShareClass3 2024-02-29 08411924 c:FRS102 2024-03-01 2025-02-28 08411924 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08411924 c:FullAccounts 2024-03-01 2025-02-28 08411924 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08411924 2 2024-03-01 2025-02-28 08411924 6 2024-03-01 2025-02-28 08411924 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 08411924 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 08411924 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08411924














HFD RIGHTS LTD.
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
HFD RIGHTS LTD.
 

CONTENTS



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


 
HFD RIGHTS LTD.
REGISTERED NUMBER:08411924

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,855
9,295

Investments
  
100
100

  
7,955
9,395

Current assets
  

Debtors: amounts falling due within one year
 6 
146,428
22,351

Cash at bank and in hand
  
12,752
176,435

  
159,180
198,786

Creditors: amounts falling due within one year
 7 
(77,231)
(94,656)

Net current assets
  
 
 
81,949
 
 
104,130

Total assets less current liabilities
  
89,904
113,525

Provisions for liabilities
  

Deferred tax
 8 
(1,492)
(1,765)

  
 
 
(1,492)
 
 
(1,765)

Net assets
  
88,412
111,760


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
88,212
111,560

  
88,412
111,760


Page 1

 
HFD RIGHTS LTD.
REGISTERED NUMBER:08411924
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

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 her 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: 




H L Flynn
Director

Date: 20 July 2025

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

Page 2

 
HFD RIGHTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

The company's legal form is that of a limited company incorporated in the United Kingdom. The Company's registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD.

The Company's principal activity was that of the creation and exploitation of intellectual property.

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

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of royalties received during the period, exclusive of Value Added Tax and trade discounts.

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

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.

Page 3

 
HFD RIGHTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.5

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 reporting 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

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.

 
2.9

Interest income

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

Page 4

 
HFD RIGHTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.10

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 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.


Page 5

 
HFD RIGHTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).


4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2024
7,781
16,545
24,326


Additions
730
445
1,175



At 28 February 2025

8,511
16,990
25,501



Depreciation


At 1 March 2024
3,808
11,223
15,031


Charge for the year on owned assets
1,176
1,439
2,615



At 28 February 2025

4,984
12,662
17,646



Net book value



At 28 February 2025
3,527
4,328
7,855



At 29 February 2024
3,973
5,322
9,295


5.


Fixed asset investments








Investments in associates

£



Cost or valuation


At 1 March 2024
100



At 28 February 2025
100





Participating interests


The company holds a 50% interest in HJL Design Ltd.

Page 6

 
HFD RIGHTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
-
45

Other debtors
145,000
21,023

Prepayments and accrued income
1,428
1,283

146,428
22,351



7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Trade creditors
258
1,155

Other taxation and social security
5,711
-

Other creditors
67,160
89,682

Accruals and deferred income
4,102
3,819

77,231
94,656



8.


Deferred taxation






2025


£






At beginning of year
(1,765)


Charged to profit or loss
273



At end of year
(1,492)

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024
£
£


Accelerated capital allowances
(1,493)
(1,765)

Page 7

 
HFD RIGHTS LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



102 (2024 - 102) Ordinary A shares of £1 each
102
102
98 (2024 - 98) Ordinary B shares of £1 each
98
98

200

200




 
Page 8