Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mrs R F De Grussa 20/06/2019 Mrs S Galt 10/12/2015 Ms S A Spry 27/09/2017 Mrs L S Tucker 20/06/2019 02 October 2024 no description of principal activity 08295537 2023-12-31 08295537 bus:Director1 2023-12-31 08295537 bus:Director2 2023-12-31 08295537 bus:Director3 2023-12-31 08295537 bus:Director4 2023-12-31 08295537 2022-12-31 08295537 core:CurrentFinancialInstruments 2023-12-31 08295537 core:CurrentFinancialInstruments 2022-12-31 08295537 core:ShareCapital 2023-12-31 08295537 core:ShareCapital 2022-12-31 08295537 core:RetainedEarningsAccumulatedLosses 2023-12-31 08295537 core:RetainedEarningsAccumulatedLosses 2022-12-31 08295537 core:CostValuation 2022-12-31 08295537 core:CostValuation 2023-12-31 08295537 2023-01-01 2023-12-31 08295537 bus:FilletedAccounts 2023-01-01 2023-12-31 08295537 bus:SmallEntities 2023-01-01 2023-12-31 08295537 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08295537 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08295537 bus:Director1 2023-01-01 2023-12-31 08295537 bus:Director2 2023-01-01 2023-12-31 08295537 bus:Director3 2023-01-01 2023-12-31 08295537 bus:Director4 2023-01-01 2023-12-31 08295537 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 08295537 (England and Wales)

HOOD PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

HOOD PROPERTY INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

HOOD PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
HOOD PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mrs R F De Grussa
Mrs S Galt
Ms S A Spry
Mrs L S Tucker
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 08295537 (England and Wales)
CHARTERED ACCOUNTANTS GRAVITA III LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
HOOD PROPERTY INVESTMENTS LIMITED

BALANCE SHEET

As at 31 December 2023
HOOD PROPERTY INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 494,441 494,441
Investments 4 1 1
494,442 494,442
Current assets
Debtors 5 118 7,423
Cash at bank and in hand 7,666 428
7,784 7,851
Creditors: amounts falling due within one year 6 ( 531,646) ( 513,583)
Net current liabilities (523,862) (505,732)
Total assets less current liabilities (29,420) (11,290)
Net liabilities ( 29,420) ( 11,290)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 29,520 ) ( 11,390 )
Total shareholders' deficit ( 29,420) ( 11,290)

For the financial 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.

Directors' responsibilities:

The financial statements of Hood Property Investments Limited (registered number: 08295537) were approved and authorised for issue by the Board of Directors on 02 October 2024. They were signed on its behalf by:

Ms S A Spry
Director
HOOD PROPERTY INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
HOOD PROPERTY INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hood Property Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including loans from fellow group companies that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 January 2023 494,441
As at 31 December 2023 494,441

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 1
At 31 December 2023 1
Carrying value at 31 December 2023 1
Carrying value at 31 December 2022 1

5. Debtors

2023 2022
£ £
Other debtors 118 7,423

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other taxation and social security 325 0
Other creditors 531,321 513,583
531,646 513,583

7. Related party transactions

At the reporting date the creditors include a sum of £529,821(2022: £512,508) which was owed to Hood Property Developments Limited, a company controlled by the De Grussa family.