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REGISTERED NUMBER: 12697702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2023

for

HIDEAWAY SECURE LTD

HIDEAWAY SECURE LTD (REGISTERED NUMBER: 12697702)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIDEAWAY SECURE LTD

Company Information
for the Year Ended 31st May 2023







DIRECTOR: N Bentley





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 12697702 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

HIDEAWAY SECURE LTD (REGISTERED NUMBER: 12697702)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 16,000
Tangible assets 5 35,789 44,531
47,789 60,531

CURRENT ASSETS
Debtors 6 3,446 9,034
Cash at bank and in hand 14,979 13,189
18,425 22,223
CREDITORS
Amounts falling due within one year 7 38,923 39,215
NET CURRENT LIABILITIES (20,498 ) (16,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,291

43,539

CREDITORS
Amounts falling due after more than one
year

8

33,815

46,316
NET LIABILITIES (6,524 ) (2,777 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 39,800 39,800
Retained earnings (47,324 ) (43,577 )
(6,524 ) (2,777 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HIDEAWAY SECURE LTD (REGISTERED NUMBER: 12697702)

Balance Sheet - continued
31st May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th February 2024 and were signed by:





N Bentley - Director


HIDEAWAY SECURE LTD (REGISTERED NUMBER: 12697702)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

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

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.

At 31 May 2023 the company's liabilities exceeded its assets by £6,524. These accounts have been prepared on the going concern basis as the Director has provided sufficient finance for a minimum 12 month period from the date of approval of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HIDEAWAY SECURE LTD (REGISTERED NUMBER: 12697702)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2022
and 31st May 2023 20,000
AMORTISATION
At 1st June 2022 4,000
Charge for year 4,000
At 31st May 2023 8,000
NET BOOK VALUE
At 31st May 2023 12,000
At 31st May 2022 16,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 59,376
Additions 6,750
At 31st May 2023 66,126
DEPRECIATION
At 1st June 2022 14,845
Charge for year 15,492
At 31st May 2023 30,337
NET BOOK VALUE
At 31st May 2023 35,789
At 31st May 2022 44,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,446 3,998
Other debtors - 5,036
3,446 9,034

HIDEAWAY SECURE LTD (REGISTERED NUMBER: 12697702)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Taxation and social security 459 -
Other creditors 32,464 33,215
38,923 39,215

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,815 46,316

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2023 and 31st May 2022:

2023 2022
£    £   
N Bentley
Balance outstanding at start of year 16,915 -
Amounts advanced 10,000 16,967
Amounts repaid (20,351 ) (52 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,564 16,915

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Bentley.