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Company Registration No. 07476333 (England and Wales)
Hiddencity Limited Unaudited accounts for the year ended 31 December 2023
Hiddencity Limited Unaudited accounts Contents
Page
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Hiddencity Limited Company Information for the year ended 31 December 2023
Director
Martyn Robin Reason
Company Number
07476333 (England and Wales)
Registered Office
Floor 3 The Workers' League 6-8 Bonhill Street London EC2A 4BX England
Accountants
Cube Accounting Limited Suite 3B & 3C, Davy Court Castle Mound Way Rugby Warwickshire CV23 0UZ
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Hiddencity Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
146,315 
69,746 
Tangible assets
1,217 
3,964 
147,532 
73,710 
Current assets
Debtors
90,315 
78,443 
Cash at bank and in hand
34,542 
40,441 
124,857 
118,884 
Creditors: amounts falling due within one year
(377,588)
(238,591)
Net current liabilities
(252,731)
(119,707)
Total assets less current liabilities
(105,199)
(45,997)
Creditors: amounts falling due after more than one year
(26,524)
(38,941)
Net liabilities
(131,723)
(84,938)
Capital and reserves
Called up share capital
30,001 
30,001 
Profit and loss account
(161,724)
(114,939)
Shareholders' funds
(131,723)
(84,938)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 16 September 2024 and were signed on its behalf by
Martyn Robin Reason Director Company Registration No. 07476333
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Hiddencity Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Hiddencity Limited is a private company, limited by shares, registered in England and Wales, registration number 07476333. The registered office is Floor 3 The Workers' League , 6-8 Bonhill Street, London, EC2A 4BX, 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:
Computer equipment
4 years straight line
Intangible fixed assets
Intangible fixed assets (includes games, website and software development) are included at cost less accumulated amortisation. The amortisation is calculated on a straight line method of 3 years based on its estimated useful life. Costs associated with maintaining computer software are recognised as an expense as it is incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the company are recognised as intangible assets.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
Hiddencity Limited has the financial support of its director and has shown it can continue to trade for the next 12 months, therefore the accounts have been prepared on a going concern basis.
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Hiddencity Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
261,117 
Additions
131,037 
At 31 December 2023
392,154 
Amortisation
At 1 January 2023
191,371 
Charge for the year
54,468 
At 31 December 2023
245,839 
Net book value
At 31 December 2023
146,315 
At 31 December 2022
69,746 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
35,222 
At 31 December 2023
35,222 
Depreciation
At 1 January 2023
31,258 
Charge for the year
2,747 
At 31 December 2023
34,005 
Net book value
At 31 December 2023
1,217 
At 31 December 2022
3,964 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
386 
Other debtors
90,315 
78,057 
90,315 
78,443 
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Hiddencity Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
58,964 
22,133 
VAT
- 
46,258 
Trade creditors
64,791 
43,069 
Taxes and social security
1,977 
9,235 
Other creditors
74,920 
47,801 
Loans from directors
175,571 
66,828 
Accruals
1,365 
3,267 
377,588 
238,591 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,524 
38,941 
9
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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