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Company Registration No. 07476333 (England and Wales)
Hiddencity Limited Unaudited accounts for the year ended 31 December 2024
Hiddencity Limited Unaudited accounts Contents
Page
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Hiddencity Limited Company Information for the year ended 31 December 2024
Director
Martyn Robin Reason
Company Number
07476333 (England and Wales)
Registered Office
Shoreditch Exchange Senna Building Gorsuch Place London E2 8JF England
Accountants
Cube Accounting Limited Suite 3B & 3C, Davy Court Castle Mound Way Rugby Warwickshire CV23 0UZ
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Hiddencity Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
181,834 
146,315 
Tangible assets
6,114 
1,217 
187,948 
147,532 
Current assets
Debtors
105,854 
90,315 
Cash at bank and in hand
258,883 
34,542 
364,737 
124,857 
Creditors: amounts falling due within one year
(635,637)
(377,588)
Net current liabilities
(270,900)
(252,731)
Total assets less current liabilities
(82,952)
(105,199)
Creditors: amounts falling due after more than one year
(191,971)
(26,524)
Net liabilities
(274,923)
(131,723)
Capital and reserves
Called up share capital
30,001 
30,001 
Profit and loss account
(304,924)
(161,724)
Shareholders' funds
(274,923)
(131,723)
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 January 2025 and were signed on its behalf by
Martyn Robin Reason Director Company Registration No. 07476333
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Hiddencity Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Hiddencity Limited is a private company, limited by shares, registered in England and Wales, registration number 07476333. The registered office is Shoreditch Exchange, Senna Building, Gorsuch Place, London, E2 8JF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years straight line
Intangible fixed assets
Intangible fixed assets (includes games, website and software development) are included at cost less accumulated amortisation. The amortisation is calculated on a straight line method of 10 years based on its estimated useful life. Costs associated with maintaining computer software are recognised as an expense as it is incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the company are recognised as intangible assets.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
Hiddencity Limited has the financial support of its director and has shown it can continue to trade for the next 12 months, therefore the accounts have been prepared on a going concern basis.
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Hiddencity Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
392,154 
Additions
79,950 
At 31 December 2024
472,104 
Amortisation
At 1 January 2024
245,839 
Charge for the year
44,431 
At 31 December 2024
290,270 
Net book value
At 31 December 2024
181,834 
At 31 December 2023
146,315 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
35,222 
Additions
6,130 
At 31 December 2024
41,352 
Depreciation
At 1 January 2024
34,005 
Charge for the year
1,233 
At 31 December 2024
35,238 
Net book value
At 31 December 2024
6,114 
At 31 December 2023
1,217 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
31,788 
- 
Other debtors
74,066 
90,315 
105,854 
90,315 
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Hiddencity Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
119,412 
58,964 
VAT
69,763 
- 
Trade creditors
231,164 
64,791 
Taxes and social security
2,899 
1,977 
Other creditors
42,574 
74,920 
Loans from directors
168,125 
175,571 
Accruals
1,700 
1,365 
635,637 
377,588 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
191,971 
26,524 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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