H&P EXECUTIVE SEARCH LTD


Director	Jack Philip Hayes


Registered Address	Landmark Space
	110 Bishopsgate
	London
	EC2N 4AY


Registered Number	11871698 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		13,287		31,133
Tangible assets	4		9,670		14,875
Investments	5		827		827
			23,784		46,835
Current assets
Debtors	6	1,986,668		1,036,781
Cash at bank and on hand		120,186		650,462
		2,106,854		1,687,243
Creditors amounts falling due within one year	7	(1,147,276)		(699,124)
Net current assets (liabilities)			959,578		988,119
Total assets less current liabilities			983,362		1,034,954
Net assets			983,362		1,034,954
Capital and reserves
Called up share capital			2		2
Profit and loss account			983,360		1,034,952
Shareholders' funds			983,362		1,034,954

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 November 2025, and are signed on its behalf by:

Jack Philip Hayes
Director
Registered Company No. 11871698

H&P EXECUTIVE SEARCH LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognized when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognized by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognized when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognized by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Defined contribution pension plan
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Cryptocurrency is initially recognized at cost. At the balance sheet date the asset is revalued to fair value by reference to an active market.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Fixtures and fittings	5

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	42		33

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	31,133	31,133
Revaluations	(17,846)	(17,846)
At 31 March 25	13,287	13,287
Net book value
At 31 March 25	13,287	13,287
At 31 March 24	31,133	31,133

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	27,713	4,230	31,943
At 31 March 25	27,713	4,230	31,943
Depreciation and impairment
At 01 April 24	12,838	4,230	17,068
Charge for year	5,205	-	5,205
At 31 March 25	18,043	4,230	22,273
Net book value
At 31 March 25	9,670	-	9,670
At 31 March 24	14,875	-	14,875

5.	Fixed asset investments
	The company owns 100% of the issued share capital of H&P USA, Inc.

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	827	827
At 31 March 25	827	827
Net book value
At 31 March 25	827	827
At 31 March 24	827	827

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	359,507	219,609
Amounts owed by group undertakings	655,752	495,918
Other debtors	971,409	321,254
Total	1,986,668	1,036,781

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	290,314	639
Bank borrowings and overdrafts	25,000	134,229
Taxation and social security	124,245	283,845
Other creditors	707,717	280,411
Total	1,147,276	699,124