ACCOUNTS - Final Accounts preparation

HCP (FRANCHISE) LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-07-312022-07-312false12021-08-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09927249 2021-08-01 2022-07-31 09927249 2020-08-01 2021-07-31 09927249 2022-07-31 09927249 2021-07-31 09927249 c:Director1 2021-08-01 2022-07-31 09927249 d:MotorVehicles 2021-08-01 2022-07-31 09927249 d:MotorVehicles 2022-07-31 09927249 d:MotorVehicles 2021-07-31 09927249 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 09927249 d:ComputerEquipment 2021-08-01 2022-07-31 09927249 d:ComputerEquipment 2022-07-31 09927249 d:ComputerEquipment 2021-07-31 09927249 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 09927249 d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 09927249 d:CurrentFinancialInstruments 2022-07-31 09927249 d:CurrentFinancialInstruments 2021-07-31 09927249 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09927249 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 09927249 d:ShareCapital 2022-07-31 09927249 d:ShareCapital 2021-07-31 09927249 d:RetainedEarningsAccumulatedLosses 2022-07-31 09927249 d:RetainedEarningsAccumulatedLosses 2021-07-31 09927249 c:FRS102 2021-08-01 2022-07-31 09927249 c:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 09927249 c:FullAccounts 2021-08-01 2022-07-31 09927249 c:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 09927249 2 2021-08-01 2022-07-31 09927249 4 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 09927249

HCP (FRANCHISE) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2022

HCP (FRANCHISE) LIMITED

REGISTERED NUMBER: 09927249

BALANCE SHEET

AS AT 31 JULY 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets		719		2,699
		719		2,699
Current assets
Debtors: amounts falling due within one year	9,306		6,790
Cash at bank and in hand	9,116		7,830
	18,422		14,620
Creditors: amounts falling due within one year	(58,781)		(60,247)
Net current liabilities		(40,359)		(45,627)
Total assets less current liabilities		(39,640)		(42,928)

Net liabilities		(39,640)		(42,928)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(39,740)	(43,028)
	(39,640)	(42,928)

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HCP (FRANCHISE) LIMITED

REGISTERED NUMBER: 09927249

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2022

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 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 on 31 March 2023.

K R Waterhouse

Director

The notes on pages 3 to 6 form part of these financial statements.

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HCP (FRANCHISE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

1.	General information

HCP (Franchise) Limited is a private company, limited by shares and incorporated in England and Wales,
United Kingdom, with a registration number 09927249. The address of the registered office is 301 Firs Lane, London, England, N13 5QH.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The company had net liabilities at the year end of £39,640 the director has considered the future
trading conditions of the company and believes adequate resources are in place to enable the
company to continue into the foreseeable future. In particular the company is reliant on the director
and other connected entities. On this basis, the director has prepared the accounts on a going
concern basis and has not made any adjustments which would be necessary if the going concern
basis was not applicable.

2.3

Revenue

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 discounts, rebates, 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.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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.

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HCP (FRANCHISE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Motor vehicles	-	33%	straight line basis
				Computer equipment	-	25%	straight line basis

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.

2.7

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

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

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 ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 2).

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HCP (FRANCHISE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

4.	Tangible fixed assets

	Motor vehicles	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 August 2021	3,354	5,830	9,184
At 31 July 2022	3,354	5,830	9,184
Depreciation
At 1 August 2021	1,957	4,530	6,487
Charge for the year on owned assets	1,118	860	1,978
At 31 July 2022	3,075	5,390	8,465
Net book value
At 31 July 2022	279	440	719
At 31 July 2021	1,398	1,301	2,699

Debtors

					2022	2021
					£	£


Other debtors	2,550	-
Prepayments and accrued income	6,756	6,790
	9,306	6,790

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	9,116	7,830
	9,116	7,830

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HCP (FRANCHISE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	780	3,207
Other taxation and social security	-	5,662
Pension fund loan payable	-	2
Other creditors	53,889	48,820
Accruals and deferred income	4,112	2,556
	58,781	60,247

8.	Controlling party

The ultimate controlling party is K R Waterhouse by virtue of his majority shareholding.

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