HC Group Search Holdings Ltd
Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 04477179 (England and Wales)
HC Group Search Holdings Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HC Group Search Holdings Ltd
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
28,196
28,196
Current assets
Debtors
5
3,799,803
2,661,982
Creditors: amounts falling due within one year
6
(3,707,230)
(2,613,913)
Net current assets
92,573
48,069
Net assets
120,769
76,265
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
119,769
75,265
Total equity
120,769
76,265
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 September 2025 and are signed on its behalf by:
Mr P D Chapman
Director
Company Registration No. 04477179
HC Group Search Holdings Ltd
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information
HC Group Search Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is N2 Bressenden Place, 3rd Floor, London, United Kingdom, SW1E 5BY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
HC Group Search Holdings Ltd is a wholly owned subsidiary of HC Group Global Limited and the results of HC Group Search Holdings Ltd are included in the consolidated financial statements of HC Group Global Limited which are available from N2 Bressenden Place, 3rd Floor, London, England, SW1E 5BY.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Financial instruments
The Company only has basic financial instruments measured at amortised cost.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
HC Group Search Holdings Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
28,196
28,196
4
Subsidiaries
Details of the company's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Address
Nature of business
Class of
% Held
shares held
Direct
HC Group Search Ltd
1
Personnel recruitment
Ordinary
100.00
HC Group Search Inc
2
Personnel recruitment
Ordinary
100.00
HC Group Search PTE Ltd
3
Personnel recruitment
Ordinary
100.00
HC Group Search SARL
4
Personnel recruitment
Ordinary
100.00
HC Group Middle East Limited
5
Personnel recruitment
Ordinary
100.00
HC Group Search Ltda
6
Personnel recruitment
Ordinary
99.99
Registered office addresses:
1
N2 Bressenden Place, 3rd Floor, London, SW1E 5BY, United Kingdom
2
Heritage Plaza, 1111 Bagby Street, Suite 1910, Houston, Texas 77002, USA
3
Level 58, Republic Plaza, 9 Raffles Place, Singapore 048619
4
Place de la Fusterie 12, 1204 Geneva, Switzerland
5
Floor 15, Suite 510, Al Sarab Tower, Al Maryah Island, ADGM Square, Abu Dhabil, UAE
6
Rua Gomes de Carvalho 911, Sala 305, Sao Paulo, 04547-003, Brazil
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,799,803
2,661,982
HC Group Search Holdings Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
3,707,230
2,613,913
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of 1p each
47,400
47,400
474
474
Ordinary B Shares of 1p each
52,600
52,600
526
526
100,000
100,000
1,000
1,000
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Steven Rushmer
Statutory Auditor:
Moore Kingston Smith LLP
9
Parent company
The immediate and ultimate parent company is HC Group Global Holdings Ltd. The registered office is N2 Bressenden Place, 3rd Floor, London, England, SW1E 5BY.
The financial statements of the ultimate parent company of the group, HC Group Global Holdings Ltd, are publicly available. Copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF4 3UZ.