Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false22024-01-01consultancy2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04613788 2024-01-01 2024-12-31 04613788 2023-01-01 2023-12-31 04613788 2024-12-31 04613788 2023-12-31 04613788 c:Director3 2024-01-01 2024-12-31 04613788 d:FurnitureFittings 2024-01-01 2024-12-31 04613788 d:FurnitureFittings 2024-12-31 04613788 d:FurnitureFittings 2023-12-31 04613788 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04613788 d:CurrentFinancialInstruments 2024-12-31 04613788 d:CurrentFinancialInstruments 2023-12-31 04613788 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04613788 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04613788 d:ShareCapital 2024-12-31 04613788 d:ShareCapital 2023-12-31 04613788 d:RetainedEarningsAccumulatedLosses 2024-12-31 04613788 d:RetainedEarningsAccumulatedLosses 2023-12-31 04613788 c:FRS102 2024-01-01 2024-12-31 04613788 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04613788 c:FullAccounts 2024-01-01 2024-12-31 04613788 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04613788 2 2024-01-01 2024-12-31 04613788 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 04613788









HIGH PERFORMANCE DEVELOPMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
REGISTERED NUMBER: 04613788

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,416
5,193

  
4,416
5,193

Current assets
  

Debtors: amounts falling due within one year
 5 
9,399
14,820

Cash at bank and in hand
 6 
569
44,943

  
9,968
59,763

Creditors: amounts falling due within one year
 7 
(14,184)
(31,169)

Net current (liabilities)/assets
  
 
 
(4,216)
 
 
28,594

Total assets less current liabilities
  
200
33,787

  

Net assets
  
200
33,787


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
-
33,587

  
200
33,787


Page 1

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
REGISTERED NUMBER: 04613788
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 29 August 2025.




................................................
Julie King
Director

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

Page 2

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company is a private company limited by its share capital, incorporated in England. The principal activity of the Company was the provision of training and development.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Interest income

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

 
2.5

Borrowing costs

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

Page 3

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.


 
2.8

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, fittings and equipment
-
15% 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.

 
2.9

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.

Page 4

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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 2 (2023 - 2).

Page 5

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 January 2024
25,352



At 31 December 2024

25,352



Depreciation


At 1 January 2024
20,159


Charge for the year on owned assets
777



At 31 December 2024

20,936



Net book value



At 31 December 2024
4,416



At 31 December 2023
5,193

Page 6

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
5,746
10,872

Other debtors
1,212
2,328

Prepayments and accrued income
2,441
1,620

9,399
14,820


Included within other debtors are loans to the following directors:
Ruari Chisholm £851 (2023 - £2,283);
Julie King £Nil (2023 - £45)
There were no conditions attached.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
569
44,943

Less: bank overdrafts
(8,146)
-

(7,577)
44,943



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
8,146
-

Trade creditors
50
3,726

Corporation tax
-
13,851

Other taxation and social security
2,420
11,514

Other creditors
1,387
-

Accruals and deferred income
2,181
2,078

14,184
31,169


Page 7

 
HIGH PERFORMANCE DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the employees. 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 Cmpany to the fund and amounted to £13,200 (2023 - £13,200). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date.


9.


Controlling party

The Company is controlled by the director Ruari Chisholm, by virtue of his shareholding, as described in the Directors' report.

 
Page 8