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Company Registration No. 03358279 (England and Wales)
Hippo Properties Limited Unaudited accounts for the year ended 31 March 2023
Hippo Properties Limited Unaudited accounts Contents
Page
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Hippo Properties Limited Company Information for the year ended 31 March 2023
Directors
Neil Alexander Hinds Christopher Lewis Powell Stephen Frank Ronaldson
Secretary
Neil Alexander Hinds
Company Number
03358279 (England and Wales)
Registered Office
Salisbury House London Wall London EC2M 5PS England
Accountants
Fox Accountancy Limited 88 Corbets Tey Road Upminster Essex RM14 2BA
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Hippo Properties Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,119 
1,316 
Investment property
3,234,836 
3,140,000 
3,235,955 
3,141,316 
Current assets
Debtors
1,637,478 
1,491,663 
Cash at bank and in hand
119,096 
221,799 
1,756,574 
1,713,462 
Creditors: amounts falling due within one year
(1,442,335)
(1,356,873)
Net current assets
314,239 
356,589 
Total assets less current liabilities
3,550,194 
3,497,905 
Creditors: amounts falling due after more than one year
(405,000)
(435,000)
Provisions for liabilities
Deferred tax
(3,767)
(7,210)
Net assets
3,141,427 
3,055,695 
Capital and reserves
Called up share capital
20,000 
20,000 
Profit and loss account
3,121,427 
3,035,695 
Shareholders' funds
3,141,427 
3,055,695 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by
Christopher Lewis Powell Director Company Registration No. 03358279
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Hippo Properties Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Hippo Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03358279. The registered office is Salisbury House, London Wall, London, EC2M 5PS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Hippo Properties Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
43,183 
At 31 March 2023
43,183 
Depreciation
At 1 April 2022
41,867 
Charge for the year
197 
At 31 March 2023
42,064 
Net book value
At 31 March 2023
1,119 
At 31 March 2022
1,316 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
3,140,000 
Additions
94,836 
At 31 March 2023
3,234,836 
The investment property valuation is a desk top property valuation by the directors at the year end, and reflects current market conditions. The cost of the investment property at the year end is £2,540,411 (2022: £2,420,871).
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,451 
15,992 
Amounts due from group undertakings etc.
1,604,181 
1,467,770 
Accrued income and prepayments
1,846 
1,651 
Other debtors
- 
6,250 
1,637,478 
1,491,663 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,000 
30,000 
VAT
20,284 
16,332 
Trade creditors
34,543 
- 
Amounts owed to group undertakings and other participating interests
820,758 
810,758 
Taxes and social security
19,682 
24,879 
Other creditors
438,935 
291,966 
Loans from directors
10,000 
125,000 
Accruals
28,764 
14,350 
Deferred income
39,369 
43,588 
1,442,335 
1,356,873 
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Hippo Properties Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
405,000 
435,000 
Aggregate of amounts that fall due for payment after five years
- 
315,000 
9
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of investment property
3,767 
7,210 
2023 
2022 
£ 
£ 
Provision at start of year
7,210 
7,210 
Credited to the profit and loss account
(3,443)
- 
Provision at end of year
3,767 
7,210 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
20,000 Ordinary shares of £1 each
20,000 
20,000 
11
Controlling party
The entire shareholding of the company is owned by Blandford Street Limited (Company number 05178698) of Salisbury House London Wall London EC2M 5PS.
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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