The Hiring Hub Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08203080 (England and Wales)

THE HIRING HUB HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E L'Estrange Beaton

O C Beaton

O Chambers

S J Wilkinson

REGISTERED OFFICE:

Fourways House

57 Hilton Street

Manchester

M1 2EJ

REGISTERED NUMBER:

08203080 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Investments

4

12

CURRENT ASSETS

Debtors

5

3,640,415

3,607,126

CREDITORS

Amounts falling due within one year

6

1,967

3,832

NET CURRENT ASSETS

3,638,448

3,603,294

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,638,460

3,603,306

CAPITAL AND RESERVES

Called up share capital

7

311

Share premium

8

1,200,444

Other reserves

8

26,650

Retained earnings

8

2,411,055

2,375,901

3,638,460

3,603,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

O Chambers - Director

1.	STATUTORY INFORMATION

The Hiring Hub Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The company is funded by way of debt finance from its parent company. There are no plans for the group debt to be recalled at any point and, as such, the directors are satisfied that the company continues to operate on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to the Income Statement over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each Balance Sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to the Income Statement over the remaining vesting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

12

NET BOOK VALUE

At 31 December 2024

12

At 31 December 2023

12

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The Hiring Hub Limited

Registered office: Fourways House, 57 Hilton Street, Manchester, England, M1 2EJ

Nature of business: Recruitment marketplace

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

3,323,837

3,298,335

Other debtors

77,883

75,917

Directors' current accounts

238,695

232,874

3,640,415

3,607,126

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertakings

2

Corporation tax

1,965

3,830

1,967

3,832

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,033,022

Ordinary

0.01p

103

950,181

A Ordinary

0.01p

95

459,056

B Ordinary

0.01p

46

330,098

D Ordinary

0.01p

33

257,269

E Ordinary

0.01p

26

81,136

G Ordinary

0.01p

8

311

8.

RESERVES

Retained

Share

Other

earnings

premium

reserves

Totals

£

At 1 January 2024

2,375,901

1,200,444

26,650

3,602,995

Profit for the year

35,154

At 31 December 2024

2,411,055

1,200,444

26,650

3,638,149

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

S J Swan

Balance outstanding at start of year

232,873

227,193

Amounts advanced

5,822

5,680

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

238,695

232,873

Amounts advanced relate to interest charged on the outstanding loan balance, which has been charged at 2.5%.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ensco 1469 Limited. The ultimate controlling party of Ensco 1469 Limited is Mr R Beaton.