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REGISTERED NUMBER: NI035528 (Northern Ireland)















Financial Statements for the Period 1 March 2023 to 31 December 2023

for

Hydebank Developments Limited

Hydebank Developments Limited (Registered number: NI035528)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Hydebank Developments Limited

Company Information
for the Period 1 March 2023 to 31 December 2023







DIRECTORS: G Elliott
A Elliott





SECRETARY: A Elliott





REGISTERED OFFICE: 19 Church Road
Portadown
Co. Armagh
BT63 5HT





REGISTERED NUMBER: NI035528 (Northern Ireland)





AUDITORS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG

Hydebank Developments Limited (Registered number: NI035528)

Abridged Balance Sheet
31 December 2023

31.12.23 28.2.23
£    £   
CURRENT ASSETS
Stocks - 555,757
Debtors 2 2
Cash at bank - 2,454
2 558,213
CREDITORS
Amounts falling due within one year - 1,377,575
NET CURRENT ASSETS/(LIABILITIES) 2 (819,362 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2 (819,362 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings - (819,364 )
2 (819,362 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2024 and were signed on its behalf by:





A Elliott - Director


Hydebank Developments Limited (Registered number: NI035528)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 December 2023

1. STATUTORY INFORMATION

Hydebank Developments Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Robinson (Senior Statutory Auditor)
for and on behalf of WHR Accountants Ltd

5. ULTIMATE CONTROLLING PARTY

The company is controlled by Pincap Limited, a company incorporated on the Isle of Man, by way of 100% shareholding in Hilmark. Group accounts for the company are not available to the public. Hilmark purchassed 100% of the share capital on 28 April 2023