REGISTERED NUMBER: 10569618 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

THE COMPANY OF HUMAN RESOURCE

PROFESSIONALS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R W Higginson

N C Auret

H J Greatrex

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

10569618 (England and Wales)

AUDITORS:

TC Group

Statutory Auditor

Office: Croydon - TC SWP

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Tangible assets

4

10,737

10,773

CURRENT ASSETS

Stocks

1,945

2,344

Debtors

5

8,777

4,300

Cash at bank

76,447

67,469

87,169

74,113

CREDITORS

Amounts falling due within one year

6

17,090

17,258

NET CURRENT ASSETS

70,079

56,855

TOTAL ASSETS LESS CURRENT LIABILITIES

80,816

67,628

RESERVES

Income and expenditure account

80,816

67,628

80,816

67,628

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2025 and were signed on its behalf by:

H J Greatrex - Director

1.	STATUTORY INFORMATION

The Company of Human Resource Professionals Limited is a private company, limited by guarantee , 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.

The financial statements are presented in pound sterling, rounded to the nearest pound.

Turnover

Turnover is recognised to the extend that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover i measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Membership income

Membership income is recognised on a straight-line basis over the period of membership to which it relates. Income received in advance of the period to which it relates is deferred in the balance sheet within creditors, and amounts relating to periods already elapsed are recognised as income in the Statement of Comprehensive Income.

Sponsorship income

Sponsorship income is recognised in the period to which the sponsorship arrangement relates, in line with the performance of the obligations under the agreement. Where sponsorship income is received in advance of the period of benefit, it is deferred and recognised in income when the related services or benefits have been provided.

Programme income

Programme income, relating to the running of training and development courses, is recognised when the course or event has taken place and the company's obligations to deliver the programme have been satisfied. Where fees are received in advance of a course, the amounts are recorded as deferred income and released to the Statement of Comprehensive Income when the course is delivered.

Event income

Event income is recognised when the event takes place and the company's performance obligations in respect of the event have been satisfied. Income received in advance of the event is deferred and released to the Statement of Comprehensive Income in the period in which the event is held.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life.

All assets of the company are classified as other fixed assets, which are depreciated over 300 years.

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal the difference between the net disposal proceeds and the carrying amount is recognised within profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Short term debtors are measured at transaction price, less any impairment.

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.

Creditors

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Retirement benefits

The company participates in a defined contribution pension scheme and the amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the contributions payable in the period. Differences between contributions payable in the period and contributions actually paid are shown as either accruals or prepayments in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Other

fixed

assets

£

COST

At 1st January 2024

and 31st December 2024

10,956

DEPRECIATION

At 1st January 2024

183

Charge for year

36

At 31st December 2024

219

NET BOOK VALUE

At 31st December 2024

10,737

At 31st December 2023

10,773

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,600

2,950

VAT

3,594

-

Prepayments and accrued income

583

1,350

8,777

4,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

4,554

-

Social security and other taxes

960

508

Accruals and deferred income

11,576

16,750

17,090

17,258

7.	AUDITORS' INFORMATION

The audit report provided to the members of The Company of Human Resource Professionals Limited on the financial statements for the period ended 31 December 2024 was not qualified.

The audit report was signed by John Millidge (Senior Statutory Auditor) for and on behalf of TC Group, Statutory Auditor.