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COMPANY REGISTRATION NUMBER: 14952483
Hilda Estates Services Limited
Filleted Unaudited Financial Statements
31 March 2024
Hilda Estates Services Limited
Statement of Financial Position
31 March 2024
31 Mar 24
Note
£
Current assets
Debtors
5
5,217
Cash at bank
15,018
--------
20,235
Creditors: amounts falling due within one year
6
59,747
--------
Net current liabilities
39,512
--------
Total assets less current liabilities
( 39,512)
--------
Net liabilities
( 39,512)
--------
Capital and reserves
Called up share capital
100
Profit and loss account
( 39,612)
--------
Shareholders deficit
( 39,512)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 December 2024 , and are signed on behalf of the board by:
Dr N Atrissi
Count J Cronstedt
Director
Director
Company registration number: 14952483
Hilda Estates Services Limited
Notes to the Financial Statements
Period from 22 June 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 114-118 Southampton Row, London, WC1B5AA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from services rendered is recognised when the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 10 .
5. Debtors
31 Mar 24
£
Other debtors
5,217
-------
6. Creditors: amounts falling due within one year
31 Mar 24
£
Trade creditors
19,234
Social security and other taxes
3,657
Other creditors
36,856
--------
59,747
--------
7. Related party transactions
As at 31 March 2024, the company owes £4,328 to NEC Propco Limited. the company owes £20,000 to Grace HoldCo Limited. the company is owed £100 by Grace Advisory Limited.
8. Controlling party
The immediate controlling party of the company is Grace Advisory Limited, and ultimate controlling parties of the company are Tamar Real Estate Limited and Ailon Developments Limited.