Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 20 October 2021 false 1 January 2023 31 December 2023 31 December 2023 13691965 William Harrison Bainbridge Hiram Tomos Elis Compton Hawthorn Residential Fund GP Ltd 3rd Floor, Liberation House, Castle Street, St Helie, Jersey, JE1 2LH true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13691965 2022-12-31 13691965 2023-12-31 13691965 2023-01-01 2023-12-31 13691965 frs-core:CurrentFinancialInstruments 2023-12-31 13691965 frs-core:ShareCapital 2023-12-31 13691965 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13691965 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13691965 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13691965 frs-bus:SmallEntities 2023-01-01 2023-12-31 13691965 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13691965 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13691965 1 2023-01-01 2023-12-31 13691965 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 13691965 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 13691965 frs-core:CostValuation 2022-12-31 13691965 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 13691965 frs-core:CostValuation 2023-12-31 13691965 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 13691965 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 13691965 frs-bus:Director1 2023-01-01 2023-12-31 13691965 frs-bus:Director2 2023-01-01 2023-12-31 13691965 frs-countries:EnglandWales 2023-01-01 2023-12-31 13691965 2021-10-19 13691965 2022-12-31 13691965 2021-10-20 2022-12-31 13691965 frs-core:CurrentFinancialInstruments 2022-12-31 13691965 frs-core:ShareCapital 2022-12-31 13691965 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 13691965 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31
Registered number: 13691965
Hrf UK Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13691965
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 529,822 410,865
529,822 410,865
CURRENT ASSETS
Debtors 5 3,712,469 3,712,469
Cash at bank and in hand 40,686 98,981
3,753,155 3,811,450
Creditors: Amounts Falling Due Within One Year 6 (3,754,240 ) (3,811,936 )
NET CURRENT ASSETS (LIABILITIES) (1,085 ) (486 )
TOTAL ASSETS LESS CURRENT LIABILITIES 528,737 410,379
NET ASSETS 528,737 410,379
CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair Value Reserve 8 529,821 410,864
Profit and Loss Account (1,085 ) (486 )
SHAREHOLDERS' FUNDS 528,737 410,379
Page 1
Page 2
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 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
William Harrison Bainbridge
Director
28 October 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
Hrf UK Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13691965 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
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. Investment
Investments in subsidiaries are recognised at fair value at each year-end. The entity makes an irrevocable decision to classify all changes in fair value through other comprehensive income.
Investment in subsidiaries are valued by the director of the company based on the net asset value of the subsidiaries as on the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 January 2023 410,865
Revaluations 118,957
As at 31 December 2023 529,822
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 529,822
As at 1 January 2023 410,865
Unlisted investments include investment in shares of subsidiary undertaking.
The company holds 100% of the shares of the following company:
  • Hrf 101 Ltd (Nature of Business: Other letting and operating of own or leased real estate)
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Amounts owed by subsidiaries 3,712,469 3,712,469
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Accruals and deferred income 420 420
Amounts owed to parent undertaking 3,753,820 3,811,516
3,754,240 3,811,936
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Fair Value Reserve
£
As at 1 January 2023 410,864
Movements in fair value reserve 118,957
As at 31 December 2023 529,821
9. Related Party Transactions
Included in debtors due within one year is an amount of £3,712,469 (2022: £3,712,469) owed from its subsidiary undertaking. The amount is interest free and receivable on demand.
Included in creditors due within one year is an amount of £3,753,820 (2022: £3,811,516) owed to its parent undertaking. The amount is interest free and repayable on demand.
10. Ultimate Parent Undertaking and Controlling Party
The company's parent undertaking is Hawthorn Residential Fund GP Ltd . Hawthorn Residential Fund GP Ltd was incorporated in Jersey. Copies of the parent company's financial statements may be obtained from the secretary, 3rd Floor, Liberation House, Castle Street, St Helie, Jersey, JE1 2LH .
11. Movements in fair value reserve
The movements in fair value reserve indicates the recognition of change in fair value of the investment in subsidiaries. As the entity expects to sell the assets in subsidiaries and pay dividend which is tax free, no deferred tax liability has been created on the increase in fair value of the investment in subsidiaries.
Page 4