IRIS Accounts Production v23.3.0.418 11961626 Board of Directors 1.5.22 30.4.23 30.4.23 0 0 false true false false true false Ordinary class 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119616262022-04-30119616262023-04-30119616262022-05-012023-04-30119616262021-04-30119616262021-05-012022-04-30119616262022-04-3011961626ns10:Originalns15:EnglandWales2022-05-012023-04-3011961626ns14:PoundSterlingns10:Original2022-05-012023-04-3011961626ns10:Originalns10:Director12022-05-012023-04-3011961626ns10:Original2022-05-012023-04-3011961626ns10:Original2023-04-3011961626ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3011961626ns10:Originalns10:SmallEntities2022-05-012023-04-3011961626ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3011961626ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3011961626ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3011961626ns10:Originalns10:FullAccounts2022-05-012023-04-3011961626ns10:Original2021-05-012022-04-3011961626ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3011961626ns10:Originalns10:Director22022-05-012023-04-3011961626ns10:Originalns10:Director32022-05-012023-04-3011961626ns10:CompanySecretary1ns10:Original2022-05-012023-04-3011961626ns10:Originalns10:RegisteredOffice2022-05-012023-04-3011961626ns10:Original2022-04-3011961626ns10:Originalns5:CurrentFinancialInstruments2023-04-3011961626ns10:Originalns5:CurrentFinancialInstruments2022-04-3011961626ns10:Originalns5:Non-currentFinancialInstruments2023-04-3011961626ns10:Originalns5:Non-currentFinancialInstruments2022-04-3011961626ns5:ShareCapitalns10:Original2023-04-3011961626ns5:ShareCapitalns10:Original2022-04-3011961626ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3011961626ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3011961626ns10:Originalns5:CostValuation2022-04-3011961626ns10:Originalns5:Non-currentFinancialInstruments2022-05-012023-04-3011961626ns10:Originalns10:OrdinaryShareClass12023-04-30
REGISTERED NUMBER: 11961626 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

HDG RESIDENTIAL LTD

HDG RESIDENTIAL LTD (REGISTERED NUMBER: 11961626)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HDG RESIDENTIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr M A Brune
Mr E Harbour
Mr G M Harbour





SECRETARY: Mr D E Abrahams





REGISTERED OFFICE: 1 Red Place
London
W1K 6PL





REGISTERED NUMBER: 11961626 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

HDG RESIDENTIAL LTD (REGISTERED NUMBER: 11961626)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 918,246 918,246

CURRENT ASSETS
Debtors 5 12,985,547 8,814,546
Cash at bank 13,396 186,874
12,998,943 9,001,420
CREDITORS
Amounts falling due within one year 6 4,776 5,753
NET CURRENT ASSETS 12,994,167 8,995,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,912,413

9,913,913

CREDITORS
Amounts falling due after more than one year 7 13,918,245 9,918,245
NET LIABILITIES (5,832 ) (4,332 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (5,833 ) (4,333 )
SHAREHOLDERS' FUNDS (5,832 ) (4,332 )

HDG RESIDENTIAL LTD (REGISTERED NUMBER: 11961626)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





Mr M A Brune - Director


HDG RESIDENTIAL LTD (REGISTERED NUMBER: 11961626)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

HDG Residential Limited is a limited company incorporated in the United Kingdom. The address of the registered office and principal place of business is 1 Red Place, London W1K 6PL.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest pound.

2. ACCOUNTING POLICIES

2.1 BASIS OF PREPARING THE 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.

2.2 Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4 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.

Loans from director-shareholders or their close family members are measured at the transaction price, irrespective of the duration of the loan.

2.5 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.

3. EMPLOYEES

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

HDG RESIDENTIAL LTD (REGISTERED NUMBER: 11961626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 May 2022
and 30 April 2023 918,246
Net book value
At 30 April 2023 918,246
At 30 April 2022 918,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 12,985,547 8,814,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,391
Amounts owed to group undertakings 2,970 2,970
Other creditors 1,806 1,392
4,776 5,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 13,918,245 9,918,245

The repayment date for the above liability is 31 December 2025.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary class 0.01 1 1

HDG RESIDENTIAL LTD (REGISTERED NUMBER: 11961626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed a loan totalling £13,918,245 (2022 - £9,918,245) to two of its three directors.
The loan is at 0% interest.

Included within other debtors are interest free loans to companies under common control of £12,985,547 (2022 - 8,814,547). These are repayable on demand.

Included within other creditors are interest free loans from companies under common control of £ 2,970 (2022 - £2,970). These are repayable on demand.

10. CONTROLLING PARTY

The ultimate controlling party is HDG Properties LLP.