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REGISTERED NUMBER: 09166948 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HYDE PARK CONSTRUCTION LTD

HYDE PARK CONSTRUCTION LTD (REGISTERED NUMBER: 09166948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HYDE PARK CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr C Gallagher
Mr D K Copeman
Mrs K Ayres





REGISTERED OFFICE: 1st Floor
4 Longwalk Road
Stockley Park
Uxbridge
UB11 1FE





REGISTERED NUMBER: 09166948 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

HYDE PARK CONSTRUCTION LTD (REGISTERED NUMBER: 09166948)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,602 112,803

CURRENT ASSETS
Stocks 1,417,148 725,674
Debtors 5 481,787 188,752
Cash at bank 416 154,403
1,899,351 1,068,829
CREDITORS
Amounts falling due within one year 6 1,592,851 784,617
NET CURRENT ASSETS 306,500 284,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,102

397,015

CREDITORS
Amounts falling due after more than one
year

7

78,912

112,200
NET ASSETS 312,190 284,815

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 312,188 284,813
SHAREHOLDERS' FUNDS 312,190 284,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Mr C Gallagher - Director


HYDE PARK CONSTRUCTION LTD (REGISTERED NUMBER: 09166948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Hyde Park Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 year 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

HYDE PARK CONSTRUCTION LTD (REGISTERED NUMBER: 09166948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 168,346
DEPRECIATION
At 1 September 2022 55,543
Charge for year 28,201
At 31 August 2023 83,744
NET BOOK VALUE
At 31 August 2023 84,602
At 31 August 2022 112,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,845 111,793
Other debtors 474,942 76,959
481,787 188,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,311 5,271
Hire purchase contracts (see note 8) 37,884 21,592
Trade creditors 618,065 492,122
Taxation and social security 523,400 258,082
Other creditors 386,191 7,550
1,592,851 784,617

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,673 38,969
Hire purchase contracts (see note 8) 45,239 73,231
78,912 112,200

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 11,116 16,968

HYDE PARK CONSTRUCTION LTD (REGISTERED NUMBER: 09166948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 37,884 21,592
Between one and five years 45,239 73,231
83,123 94,823

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr C Gallagher
Balance outstanding at start of year (392 ) (23,465 )
Amounts advanced 425,598 23,073
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 425,206 (392 )

Director has repaid £293,875 within 9 months.