Registration number: 04408565

Honeybadger Solutions Limited

(Registration number: 04408565)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	651	2,903
Current assets
Debtors	5	1,077,588	574,452
Cash at bank and in hand		94,943	87
		1,172,531	574,539
Creditors: Amounts falling due within one year	6	(2,130,110)	(1,354,740)
Net current liabilities		(957,579)	(780,201)
Net liabilities		(956,928)	(777,298)
Capital and reserves
Called up share capital		900	900
Capital redemption reserve		100	100
Other reserves		3,025,291	3,025,291
Retained earnings		(3,983,219)	(3,803,589)
Shareholders' deficit		(956,928)	(777,298)

Honeybadger Solutions Limited

(Registration number: 04408565)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 23 December 2025
 

......................................... N Tanner Director

Honeybadger Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/o Torgersens
4 Lansdowne Terrace
Gosforth
Newcastle Upon Tyne
NE3 1HN

These financial statements were authorised for issue by the director on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Honeybadger Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% Straight Line
Office Equipment	33% Straight Line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2023 - 9).

Honeybadger Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	26,882	24,786	51,668
At 31 December 2024	26,882	24,786	51,668
Depreciation
At 1 January 2024	26,882	21,883	48,765
Charge for the year	-	2,252	2,252
At 31 December 2024	26,882	24,135	51,017
Carrying amount
At 31 December 2024	-	651	651
At 31 December 2023	-	2,903	2,903

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		50,303	150,598
Amounts owed by related parties		1,016,207	412,777
Prepayments		11,078	11,077
		1,077,588	574,452

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		65,792	62,627
Amounts owed to group undertakings and undertakings in which the company has a participating interest		1,785,551	1,066,410
Taxation and social security		81,303	47,996
Accruals and deferred income		188,524	177,707
Other creditors		8,940	-
		2,130,110	1,354,740

Honeybadger Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Parent and ultimate parent undertaking

The company's immediate parent is Honeybadger Holdings Limited, incorporated in England and Wales.

 The ultimate parent is Honeybadger Solutions LLP, incorporated in USA.

 The ultimate controlling party is R Waud.