Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11280478 Mr Damien South Mr Martin Wood Miss Julia Robinson Mr Andrew Rudd Mrs Wendy Guilloneau iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11280478 2023-06-30 11280478 2024-06-30 11280478 2023-07-01 2024-06-30 11280478 frs-core:CurrentFinancialInstruments 2024-06-30 11280478 frs-core:ShareCapital 2024-06-30 11280478 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11280478 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11280478 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11280478 frs-bus:SmallEntities 2023-07-01 2024-06-30 11280478 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11280478 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11280478 frs-bus:Director1 2023-07-01 2024-06-30 11280478 frs-bus:Director2 2023-07-01 2024-06-30 11280478 frs-bus:Director3 2023-07-01 2024-06-30 11280478 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 11280478 frs-bus:CompanySecretary2 2023-07-01 2024-06-30 11280478 frs-core:CurrentFinancialInstruments 1 2024-06-30 11280478 frs-countries:EnglandWales 2023-07-01 2024-06-30 11280478 2022-06-30 11280478 2023-06-30 11280478 2022-07-01 2023-06-30 11280478 frs-core:CurrentFinancialInstruments 2023-06-30 11280478 frs-core:ShareCapital 2023-06-30 11280478 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 11280478 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 11280478
Hibau Living Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11280478
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 40,474 40,474
Debtors 5 4,560,407 5,924,449
Cash at bank and in hand 46,270 41,158
4,647,151 6,006,081
Creditors: Amounts Falling Due Within One Year 6 (4,097,722 ) (4,767,141 )
NET CURRENT ASSETS (LIABILITIES) 549,429 1,238,940
TOTAL ASSETS LESS CURRENT LIABILITIES 549,429 1,238,940
NET ASSETS 549,429 1,238,940
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 549,428 1,238,939
SHAREHOLDERS' FUNDS 549,429 1,238,940
Page 1
Page 2
For the year ending 30 June 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Wood
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hibau Living Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11280478 . The registered office is Innovation Centre, Maidstone Road, Chatham, Kent, ME5 9FD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Work in progress 40,474 40,474
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 239,039 1,387,915
Prepayments and accrued income 1,674,000 1,285,155
Intercompany 2,547,132 3,203,483
VAT 100,236 47,896
4,560,407 5,924,449
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 922,832 3,412,678
Corporation tax 7,251 7,251
Other taxes and social security 1,887 5,462
Other creditors 427,442 322,450
Inter-company 2,684,202 852,415
Accruals and deferred income 54,108 166,885
4,097,722 4,767,141
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
Included in the Other Debtors are the following amounts owed to the following companies, all of which are under the control of the directors Mr D South, Mr M Wood & Ms J Robinson. No repayment terms have been set and no interest is to be charged.
- DMR Civil Engineering Ltd - £1,384,548 (2023 - £2,299,863)
Included in the Other Debtors are the following amounts owed to the following companies, all of which are under the control of the directors Mr D South & Mr M Wood. No repayment terms have been set and no interest is to be charged.
- Hibau Group Ltd - £1,162,100 (2023 - £902,830)
- Hibau Developments Ltd - £484 (2023 - £484)
Included in the Other Creditors is an amount of £2,218,651 (2023 - £386,914) owed to Otium Lake Ltd, a company under the control of the director Mr D South, Mr M Wood & Ms J Robinson. No repayment terms have been set and no interest is to be charged. 
Included in the Other Creditors is an amount of £465,551 (2023 - £415,501) owed to Bauvill Ltd, a company under the control of the director Mr D South. No repayment terms have been set and no interest is to be charged. 
Included in the Other Creditors is an amount of £0 (2023 - £305) owed to East Peckham Construction Ltd, a company under the control of the director Mr M Wood. No repayment terms have been set and no interest is to be charged. 
During the year the company provided services to the following companies, all of which are under the control of the directors Mr D South, Mr M Wood & Ms J Robinson.
- Otium Lake Ltd - £2,244,045 of £0 which is outstanding
- DMR Civil Engineering Ltd - £421,203 of £0 which is outstanding
- Hibau Group Ltd - £22,831 of £0 which is outstanding
During the year the company was provided services by Hibau Group Ltd, a company under the control of the directors Mr D South & Mr M Wood, amounting to £5,857 of which £1,681 is outstanding.
During the year the company provided services by DMR Civil Engineering Ltd, a company under the control of the directors Mr D South & Mr M Wood, amounting to £73,185 of which £0 is outstanding.
During the year the company was provided services by Otium Lake Ltd, a company under the control of the directors Mr D South, Mr M Wood & Ms J Robinson, amounting to £6,900 of which £0 is outstanding.
Page 4
Page 5
Page 5