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REGISTERED NUMBER: 14869671 (England and Wales)









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: N Aaronson
J P Chen
E Fiorante
B L Altberger





SECRETARY: MC Secretaries Limited





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 14869671 (England and Wales)





ACCOUNTANTS: Morris Crocker
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 9,449

CURRENT ASSETS
Debtors 5 36,813,221
Cash at bank 395,208
37,208,429
CREDITORS
Amounts falling due within one year 6 24,904,994
NET CURRENT ASSETS 12,303,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,312,884

CREDITORS
Amounts falling due after more than one
year

7

12,795,138
NET LIABILITIES (482,254 )

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings (482,255 )
SHAREHOLDERS' FUNDS (482,254 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2024 and were signed on its behalf by:



B L Altberger - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 6 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 234 11,453 11,687
At 31 December 2023 234 11,453 11,687
DEPRECIATION
Charge for period 10 2,228 2,238
At 31 December 2023 10 2,228 2,238
NET BOOK VALUE
At 31 December 2023 224 9,225 9,449

5. DEBTORS
£   
Amounts falling due within one year:
Other debtors 23,681,958

Amounts falling due after more than one year:
Other debtors 13,131,263

Aggregate amounts 36,813,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 23,999,898
Trade creditors 9,762
Taxation and social security 50,777
Other creditors 844,557
24,904,994

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 12,795,138

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: £   
1 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.