REGISTERED NUMBER: 09900441 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

HIREAPITCH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Pandit

REGISTERED OFFICE:

Ground Floor Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

09900441 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Intangible assets

4

-

14,122

Tangible assets

5

145,894

117,966

145,894

132,088

CURRENT ASSETS

Debtors

6

2,190,562

2,027,091

Cash at bank

673,129

46,103

2,863,691

2,073,194

CREDITORS

Amounts falling due within one year

7

1,365,232

1,052,033

NET CURRENT ASSETS

1,498,459

1,021,161

TOTAL ASSETS LESS CURRENT LIABILITIES

1,644,353

1,153,249

CREDITORS

Amounts falling due after more than one year

8

(745,653

)

(372,593

)

PROVISIONS FOR LIABILITIES

(36,474

)

(27,746

)

NET ASSETS

862,226

752,910

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

862,224

752,908

862,226

752,910

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

Mr N Pandit - Director

1.	STATUTORY INFORMATION

Hireapitch Ltd 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.

Turnover

Turnover represents amounts received from the hire of sports facilities, net of value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over the lease period

Office Equipment

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

15% on cost

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

23,535

Disposals

(23,535

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

9,413

Amortisation for year

(9,413

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

14,122

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Office

and

Computer

to property

Equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

153,651

1,258

40,764

25,067

220,740

Additions

50,000

-

1,857

484

52,341

At 31 December 2024

203,651

1,258

42,621

25,551

273,081

DEPRECIATION

At 1 January 2024

51,554

755

32,233

18,232

102,774

Charge for year

15,432

189

5,224

3,568

24,413

At 31 December 2024

66,986

944

37,457

21,800

127,187

NET BOOK VALUE

At 31 December 2024

136,665

314

5,164

3,751

145,894

At 31 December 2023

102,097

503

8,531

6,835

117,966

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

170,046

205,664

Amounts owed by group undertakings

1,874,713

1,772,480

Other debtors

79

-

Value added tax

37,693

2,317

Prepayments and accrued income

108,031

46,630

2,190,562

2,027,091

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

412,212

335,275

Trade creditors

286,817

131,800

Amounts owed to group undertakings

197,821

253,669

Corporation tax

36,099

131,102

Social security and other taxes

2,911

1,128

Other creditors

8,658

10,317

Director's current account

96

83

Accruals and deferred income

420,618

188,659

1,365,232

1,052,033

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

745,653

372,593

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

161,807

268,454

Between one and five years

-

161,807

161,807

430,261

10.	RELATED PARTY DISCLOSURES

Amounts owed by group undertakings of £1,874,713 is owed to the Company by other companies which are under common control.

Amounts owed to group undertakings of £197,821 is owed by the Company to other companies which are under common control.

The debts have no fixed date for repayment, are repayable on demand and are non-interest bearing.