REGISTERED NUMBER: |
HILCO REAL ESTATE FINANCE UK LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 15 MAY 2023 TO 31 DECEMBER 2023 |
REGISTERED NUMBER: |
HILCO REAL ESTATE FINANCE UK LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 15 MAY 2023 TO 31 DECEMBER 2023 |
HILCO REAL ESTATE FINANCE UK LTD (REGISTERED NUMBER: 14869671) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 MAY 2023 TO 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HILCO REAL ESTATE FINANCE UK LTD |
COMPANY INFORMATION |
FOR THE PERIOD 15 MAY 2023 TO 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Station House |
North Street |
Havant |
Hampshire |
PO9 1QU |
HILCO REAL ESTATE FINANCE UK LTD (REGISTERED NUMBER: 14869671) |
BALANCE SHEET |
31 DECEMBER 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
HILCO REAL ESTATE FINANCE UK LTD (REGISTERED NUMBER: 14869671) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 MAY 2023 TO 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Hilco Real Estate Finance UK Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The company has the continued financial support of its related party, who have agreed not to request repayment of their loan until the company has the funds available. On this basis the directors consider it appropriate to prepare accounts on the going concern basis. |
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 |
Fixtures and fittings | - |
Computer equipment | - |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares. |
Trade and other 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 |
Cash and cash equivalents |
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities. |
Trade and other creditors |
Short term trade 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 |
Taxation |
Taxation for the period 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. |
HILCO REAL ESTATE FINANCE UK LTD (REGISTERED NUMBER: 14869671) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 MAY 2023 TO 31 DECEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 31 December 2023 |
DEPRECIATION |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
5. | DEBTORS |
£ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
HILCO REAL ESTATE FINANCE UK LTD (REGISTERED NUMBER: 14869671) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 MAY 2023 TO 31 DECEMBER 2023 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1 |
9. | RELATED PARTY DISCLOSURES |
Included within creditors at the end of the year are amounts owed to Hilco Trading LLC of £37,602,388 who is the ultimate controlling party by virtue of their ownership of 100% of the issued share capital. |