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REGISTERED NUMBER: 13896423 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

Hippo Developments Ltd

Hippo Developments Ltd (Registered number: 13896423)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hippo Developments Ltd

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Mrs C L Jones





REGISTERED OFFICE: The Meadows
Glasllwch lane
Newport
NP20 3PT





REGISTERED NUMBER: 13896423 (England and Wales)

Hippo Developments Ltd (Registered number: 13896423)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 705,001 -

CURRENT ASSETS
Debtors 5 - 36,323
Cash at bank 63,678 57,234
63,678 93,557
CREDITORS
Amounts falling due within one year 6 424,285 900
NET CURRENT (LIABILITIES)/ASSETS (360,607 ) 92,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,394

92,657

CREDITORS
Amounts falling due after more than one
year

7

396,822

96,469
NET LIABILITIES (52,428 ) (3,812 )

RESERVES
Retained earnings (52,428 ) (3,812 )
(52,428 ) (3,812 )

Hippo Developments Ltd (Registered number: 13896423)

Balance Sheet - continued
29th February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement and Director's report has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th November 2024 and were signed by:





Mrs C L Jones - Director


Hippo Developments Ltd (Registered number: 13896423)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Hippo Developments Ltd is a private company, limited by shares , registered in England and Wales. 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Director's report, 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 year 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 year was NIL (2023 - NIL).

Hippo Developments Ltd (Registered number: 13896423)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 705,001
At 29th February 2024 705,001
NET BOOK VALUE
At 29th February 2024 705,001

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 36,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,503 -
Other creditors 413,782 900
424,285 900

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 396,822 96,469

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage - Caerleon Road 95,569 96,469
Mortgage - 27 York Place 150,208 -
Mortgage - 25 York Place 151,045 -
396,822 96,469