Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 2024-07-01 3 false No description of principal activity 3 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07421503 2024-07-01 2025-06-30 07421503 2023-07-01 2024-06-30 07421503 2025-06-30 07421503 2024-06-30 07421503 c:Director5 2024-07-01 2025-06-30 07421503 d:CurrentFinancialInstruments 2025-06-30 07421503 d:CurrentFinancialInstruments 2024-06-30 07421503 d:Non-currentFinancialInstruments 2025-06-30 07421503 d:Non-currentFinancialInstruments 2024-06-30 07421503 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 07421503 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07421503 d:Non-currentFinancialInstruments d:AfterOneYear 2025-06-30 07421503 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07421503 d:ShareCapital 2025-06-30 07421503 d:ShareCapital 2024-06-30 07421503 d:SharePremium 2025-06-30 07421503 d:SharePremium 2024-06-30 07421503 d:RetainedEarningsAccumulatedLosses 2025-06-30 07421503 d:RetainedEarningsAccumulatedLosses 2024-06-30 07421503 c:OrdinaryShareClass1 2024-07-01 2025-06-30 07421503 c:OrdinaryShareClass1 2025-06-30 07421503 c:OrdinaryShareClass1 2024-06-30 07421503 c:OrdinaryShareClass2 2024-07-01 2025-06-30 07421503 c:OrdinaryShareClass2 2025-06-30 07421503 c:OrdinaryShareClass2 2024-06-30 07421503 c:OrdinaryShareClass3 2024-07-01 2025-06-30 07421503 c:OrdinaryShareClass3 2025-06-30 07421503 c:OrdinaryShareClass3 2024-06-30 07421503 c:OrdinaryShareClass4 2024-07-01 2025-06-30 07421503 c:OrdinaryShareClass4 2025-06-30 07421503 c:OrdinaryShareClass4 2024-06-30 07421503 c:OrdinaryShareClass5 2024-07-01 2025-06-30 07421503 c:OrdinaryShareClass5 2025-06-30 07421503 c:OrdinaryShareClass5 2024-06-30 07421503 c:FRS102 2024-07-01 2025-06-30 07421503 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 07421503 c:FullAccounts 2024-07-01 2025-06-30 07421503 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 07421503 4 2024-07-01 2025-06-30 07421503 6 2024-07-01 2025-06-30 07421503 e:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07421503 HOSTED NETWORK SERVICES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
HOSTED NETWORK SERVICES LIMITED REGISTERED NUMBER: 07421503 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 200 |  | 200
|  |  | 200 |  | 200
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 4,072 |  | 4,163 |
Cash at bank and in hand | 6 | 4,632 |  | 95,794 |
|  | 8,704 |  | 99,957 |
Creditors: amounts falling due within one year | 7 | (35,305) |  | (39,289) |
Net current (liabilities)/assets |  |  | (26,601) |  | 60,668
Total assets less current liabilities |  |  | (26,401) |  | 60,868
Creditors: amounts falling due after more than one year | 8 |  | (1,035,000) |  | (939,000)
Net liabilities |  |  | (1,061,401) |  | (878,132)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 1,253,073 |  | 1,253,073
Share premium account |  |  | 4,464,923 |  | 4,464,923
Profit and loss account |  |  | (6,779,397) |  | (6,596,128)
|  |  | (1,061,401) |  | (878,132)
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HOSTED NETWORK SERVICES LIMITED REGISTERED NUMBER: 07421503 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 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 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:
N Young
Director
Date: 22 October 2025
The notes on pages 3 to 6 form part of these financial statements. Page 2
HOSTED NETWORK SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Hosted Network Services Limited (registered number 07421503) is a limited liability company incorporated in England and Wales under the Companies Act. The address of its registered office and principal place of business is 17 Unit 17, Tollgate Business Centre, Eastleigh, Hampshire, SO53 3TG. 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 | Exemption from preparing consolidated financial statements
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Going concern
Whilst the company has minimal ongoing liabilities it is dependent on the subsidiary generating sufficient cash in the future to fund these liabilities. The directors have assessed the subsidiary company’s financial position and cash flow forecasts. Taking into account the improving cash burn rate, the growing pipeline, and the continued support of YFM Equity Partners, they believe it remains appropriate to prepare the financial statements on a going concern basis.
| 2.4 | Share-based payments
Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss 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. The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the company keeping the scheme open or the employee maintaining any contributions required by the scheme). 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 profit or loss over the remaining vesting period. Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.
| 2.5 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence. Page 3
HOSTED NETWORK SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Short term debtors and creditors are measured at the transaction price. Other financial instruments, including loans, 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. Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than the financial instrument’s legal form.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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HOSTED NETWORK SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 July 2024 | 200
| At 30 June 2025 | 200
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 4,072 | 4,163
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 4,632 | 95,794
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 35,105 | -
| Amounts owed to group undertakings | 200 | 200
| Accruals and deferred income | - | 39,089
|  | 35,305 | 39,289
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 1,035,000 | 939,000
| Other creditors of £1,035,000 (2024 - £939,000) is comprised of fixed rate unsecured convertible loan notes.
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HOSTED NETWORK SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 125,000,000 (2024 - 125,000,000) Preference shares of £0.010000 each | 1,250,000 | 1,250,000
|  | 1,213,969 (2024 - 1,213,969) Ordinary shares of £0.000100 each | 121 | 121
|  | 354,672 (2024 - 354,672) Ordinary A shares of £0.000100 each | 35 | 35
|  | 60,422 (2024 - 60,422) Ordinary B shares of £0.000416 each | 25 | 25
|  | 221,982 (2024 - 221,982) Ordinary C shares of £0.000131 each | 29 | 29
|  | 545,086 (2024 - 545,086) Ordinary D shares of £0.000100 each | 55 | 55
|  | 17,661,422 (2024 - 17,661,422) Ordinary D1 shares of £0.000100 each | 1,766 | 1,766
|  | 10,414,718 (2024 - 10,414,718) E Ordinary shares of £0.000100 each | 1,042 | 1,042
|  | 2,000 (2024 - 2,000) G Ordinary shares of £0.000100 each | - | -
|  |  | 1,253,073 | 1,253,073
10. | Related party transactions
| The company is exempt from disclosing related party transactions with its 100% owned subsidiary by virtue of FRS 102 section 33.1A.
11. | Controlling party
The Directors believe there is no ultimate controlling party, for the following reasons: ∙The institutional investor position is managed by YFM Equity Partners LLP on behalf of three separate investment vehicles, ∙All of these investment vehicles are independent of each other, ∙None of them has a majority stake, ∙The largest of these is BSC VCT which is listed on the LSE and invested in by thousands of retail investors.
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