Company Registration No. 07476333 (England and Wales)
Hiddencity Limited
Unaudited accounts
for the year ended 31 December 2023
Hiddencity Limited
Unaudited accounts
Contents
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
Hiddencity Limited
Statement of financial position
as at 31 December 2023
Intangible assets
146,315
69,746
Tangible assets
1,217
3,964
Cash at bank and in hand
34,542
40,441
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)
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
Hiddencity Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
Hiddencity Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
392,154
Charge for the year
54,468
At 31 December 2023
245,839
At 31 December 2023
146,315
At 31 December 2022
69,746
5
Tangible fixed assets
Computer equipment
At 31 December 2023
35,222
At 31 December 2023
34,005
Amounts falling due within one year
Other debtors
90,315
78,057
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
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 2).