Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2024-01-01 false investment company and other ancillary services 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09556706 2024-01-01 2024-12-31 09556706 2023-01-01 2023-12-31 09556706 2024-12-31 09556706 2023-12-31 09556706 c:Director1 2024-01-01 2024-12-31 09556706 c:RegisteredOffice 2024-01-01 2024-12-31 09556706 d:MotorVehicles 2024-01-01 2024-12-31 09556706 d:MotorVehicles 2024-12-31 09556706 d:MotorVehicles 2023-12-31 09556706 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09556706 d:FurnitureFittings 2024-01-01 2024-12-31 09556706 d:OfficeEquipment 2024-01-01 2024-12-31 09556706 d:OfficeEquipment 2024-12-31 09556706 d:OfficeEquipment 2023-12-31 09556706 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09556706 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09556706 d:FreeholdInvestmentProperty 2024-12-31 09556706 d:FreeholdInvestmentProperty 2023-12-31 09556706 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 09556706 d:CurrentFinancialInstruments 2024-12-31 09556706 d:CurrentFinancialInstruments 2023-12-31 09556706 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09556706 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09556706 d:ShareCapital 2024-12-31 09556706 d:ShareCapital 2023-12-31 09556706 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09556706 d:RetainedEarningsAccumulatedLosses 2024-12-31 09556706 d:RetainedEarningsAccumulatedLosses 2023-12-31 09556706 d:OtherDeferredTax 2024-12-31 09556706 d:OtherDeferredTax 2023-12-31 09556706 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09556706 c:OrdinaryShareClass1 2024-12-31 09556706 c:OrdinaryShareClass1 2023-12-31 09556706 c:FRS102 2024-01-01 2024-12-31 09556706 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09556706 c:FullAccounts 2024-01-01 2024-12-31 09556706 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09556706 2 2024-01-01 2024-12-31 09556706 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09556706 THE BHE HUB LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE BHE HUB LIMITED CONTENTS
| Page
Company information | 1
Balance sheet | 2 - 3
Notes to the financial statements | 4 - 11
THE BHE HUB LIMITED COMPANY INFORMATION
Director | P B Morris
Registered number | 09556706
Registered office | 3 Vision House
| Station Road
| Borehamwood
| WD6 1DE
Accountants | Blick Rothenberg Limited
| Chartered Accountants
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1
|  | REGISTERED NUMBER:09556706
THE BHE HUB LIMITED BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 5 |  | 37,393 |  | 43,297
Investment property | 6 |  | 850,000 |  | 817,639
|  |  | 887,393 |  | 860,936
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 34,494 |  | 36,194 |
Cash at bank and in hand |  | 1,092 |  | 206 |
|  | 35,586 |  | 36,400 |
Creditors: amounts falling due within one year | 8 | (1,569,570) |  | (1,504,120) |
Total assets less current liabilities |  |  | (646,591) |  | (606,784)
Deferred tax | 9 | (8,090) |  | - |
|  |  | (8,090) |  | -
Net liabilities |  |  | (654,681) |  | (606,784)
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 1 |  | 1
Profit and loss account | 11 |  | (654,682) |  | (606,785)
Net deficit |  |  | (654,681) |  | (606,784)
Page 2
|  | REGISTERED NUMBER:09556706
THE BHE HUB LIMITED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The director considers 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 director acknowledges his 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the sole director.
P B Morris
Director
Date: 3 October 2025
The notes on pages 4 to 11 form part of these financial statements. Page 3
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The BHE Hub Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 3 Vision House, Station Road, Borehamwood, WD6 1DE. The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has sufficient facilities available from its shareholder and director to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved. Paul Morris has indicated his willingness to continue supporting the company and has undertaken not to facilitate a repayment of his loan, unless the company has sufficient resources to make payment and continue to meet its obligations as they fall due for the foreseeable future.
| 2.3 | Revenue
Rental income from operating leases is credited to the profit and loss account on a straight line basis over the term of the relevant lease. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services: Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 4
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 20% | straight line method
|  |  |  | Office equipment | - | 25% | reducing balance method
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Investment property
Investment property is carried at fair value determined annually by the director and derived from external valuations based on the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.6 | Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Page 5
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
|  | Financial instruments (continued)
Financial assets Basic financial assets, including trade and other debtors, and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including trade and other creditors, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Page 6
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
|  | Financial instruments (continued)
Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.7 | Valuation of investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.8 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.9 | Share capital
Ordinary shares are classified as equity.
| 2.10 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 7
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.11 | Current and deferred tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future period if the revision affects both current and future periods. Valuation of investment properties The company carries its investment properties at fair value, with changes in fair value being recognised through profit or loss. The 2024 valuations were made by the director, on an open market value for existing use basis. There is an inevitable degree of judgment involved and the fair value can only ultimately be reliably tested in the market itself.
4. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 -1).
Page 8
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2024 | 12,402 | 95,045 | 107,447
| Additions | - | 5,248 | 5,248
| At 31 December 2024 | 12,402 | 100,293 | 112,695
| Depreciation |  |  |
| At 1 January 2024 | 2,274 | 61,876 | 64,150
| Charge for the year | 2,480 | 8,672 | 11,152
| At 31 December 2024 | 4,754 | 70,548 | 75,302
| Net book value |  |  |
| At 31 December 2024 | 7,648 | 29,745 | 37,393
| At 31 December 2023 | 10,128 | 33,169 | 43,297
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 817,639
| Fair value movements | 32,361
| At 31 December 2024 | 850,000
The 31 December 2024 valuations were made by the director, on an open market value for existing use basis.
Page 9
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 4,494 | 6,194
| Accrued income | 30,000 | 30,000
|  | 34,494 | 36,194
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 430,207 | 387,250
| Other creditors | 1,133,363 | 1,107,864
| Accruals | 6,000 | 9,006
|  | 1,569,570 | 1,504,120
9. | Deferred taxation
|  | 2024
|  | £
| Charged to profit or loss | (8,090)
| At end of year | (8,090)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Fair value movements on investment properties | (8,090) | -
Page 10
THE BHE HUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2023 -1) Ordinary share of £1.00 | 1 | 1
11. | Reserves
Profit and loss account The profit and loss account includes all retained profits and losses. As at year end the profit and loss account included non-distributable reserves of £24,271 (2023: £nil) comprising the fair value adjustments on the company's investment properties, less the associated deferred tax liability.
12. | Related party transactions
| The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.
13. | Transactions with director
Included in other creditors due within one year, is a balance of £1,130,527 (2023: £1,102,727) owed to the director. The loan from the director is interest-free and unsecured.
14. | Controlling party
The smallest and largest parent undertaking is BHE Limited, a company registered in England and Wales. The address of its registered office is 3 Vision House, Station Road, Borehamwood, WD6 1DE.
Page 11