The Company of Human Resource - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10569618 (England and Wales)

Financial Statements

for the Year Ended 31st December 2022

for

THE COMPANY OF HUMAN RESOURCE

PROFESSIONALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A D Alburey

J F Renz

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

10569618 (England and Wales)

AUDITORS:

Simpson Wreford & Partners

Chartered Accountants & Statutory Auditors

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

FIXED ASSETS

Tangible assets

4

10,810

10,846

CURRENT ASSETS

Debtors

5

10,393

25,953

Cash at bank

51,191

49,663

61,584

75,616

CREDITORS

Amounts falling due within one year

6

20,667

6,337

NET CURRENT ASSETS

40,917

69,279

TOTAL ASSETS LESS CURRENT LIABILITIES

51,727

80,125

RESERVES

Income and expenditure account

51,727

80,125

51,727

80,125

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2023 and were signed on its behalf by:

J F Renz - Director

1.	STATUTORY INFORMATION

The Company of Human Resource Professionals Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

On 13 April 2023 the directors resolved to change the company name from the Guild of Human Resource Professionals Limited, to the Company of Human Resource Professionals Limited.

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.

The financial statements are presented in pound sterling, rounded to the nearest pound.

Turnover

Turnover is recognised to the extend that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover i measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Income 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 and when all of the following conditions are satisfied:

-

the amount of income 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;

-

the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life.

All assets of the company are classified as other fixed assets, which are depreciated over 300 years.

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal the difference between the net disposal proceeds and the carrying amount is recognised within profit or loss.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Short term debtors are measured at transaction price, less any impairment.

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.

Creditors

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

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.

Retirement benefits

the company participates in a defined contribution pension scheme and the amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the contributions payable in the period. Differences between contributions payable in the period and contributions actually paid are shown as either accruals or prepayments in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Other

fixed

assets

£

COST

At 1st January 2022

and 31st December 2022

10,956

DEPRECIATION

At 1st January 2022

110

Charge for year

36

At 31st December 2022

146

NET BOOK VALUE

At 31st December 2022

10,810

At 31st December 2021

10,846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

9,301

25,243

Other debtors

837

557

Prepayments and accrued income

255

153

10,393

25,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Social security and other taxes

-

732

Accruals and deferred income

20,667

5,605

20,667

6,337

7.	AUDITORS' INFORMATION

The audit report provided to the members of The Company of Human Resource Professionals Limited on the financial statements for the period ended 31 December 2022 was not qualified.

The audit report was signed by John Millidge (Senior Statutory Auditor) for and on behalf of Simpson Wreford & Partners, Chartered Accountants and Statutory Auditor.