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Company No: 13539955 (England and Wales)

HAMILTON 19 LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

HAMILTON 19 LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

HAMILTON 19 LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
HAMILTON 19 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTOR M R Couling
REGISTERED OFFICE 10 Norwich Street
London
EC4A 1BD
United Kingdom
COMPANY NUMBER 13539955 (England and Wales)
HAMILTON 19 LIMITED

BALANCE SHEET

As at 30 April 2024
HAMILTON 19 LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
$ $
Fixed assets
Investments 3 31,406,899 0
31,406,899 0
Current assets
Investments 4 898,690 16,138,031
Cash at bank and in hand 317,663 4,705,032
1,216,353 20,843,063
Creditors: amounts falling due within one year 5 ( 31,389,314) ( 20,910,412)
Net current liabilities (30,172,961) (67,349)
Total assets less current liabilities 1,233,938 (67,349)
Net assets/(liabilities) 1,233,938 ( 67,349)
Capital and reserves
Called-up share capital 126 126
Profit and loss account 1,233,812 ( 67,475 )
Total shareholder's funds/(deficit) 1,233,938 ( 67,349)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Hamilton 19 Limited (registered number: 13539955) were approved and authorised for issue by the Director on 30 January 2025. They were signed on its behalf by:

M R Couling
Director
HAMILTON 19 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
HAMILTON 19 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hamilton 19 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 10 Norwich Street, London, EC4A 1BD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in USD which is the functional currency of the Company and rounded to the nearest $.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date. Exchange rate differences are taken into account in arriving at the operating result.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Current asset investments

Current asset investments are valued at fair value and are intended to be held for less than one year.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 0 0

3. Fixed asset investments

Listed investments Other investments Total
$ $ $
Cost or valuation before impairment
At 01 May 2023 0 0 0
Additions 20,299,229 10,000,000 30,299,229
Movement in fair value 1,107,670 0 1,107,670
At 30 April 2024 21,406,899 10,000,000 31,406,899
Carrying value at 30 April 2024 21,406,899 10,000,000 31,406,899
Carrying value at 30 April 2023 0 0 0

4. Current asset investments

2024 2023
$ $
Listed investments – at fair value 0 16,138,031
Investments in Private Equity 898,690 0
898,690 16,138,031

5. Creditors: amounts falling due within one year

2024 2023
$ $
Bank loans 0 902,490
Amounts owed to director 31,354,792 20,000,000
Accruals 9,390 0
Taxation and social security 25,132 0
Other creditors 0 7,922
31,389,314 20,910,412

6. Related party transactions

Transactions with the entity's directors

2024 2023
$ $
Director's loan account 31,354,792 20,000,000

During the year, the director advanced £11,354,792 (2023 - £20,000,000) to the company. At the year end the company owed the director £31,354,792 (2023 - £20,000,000). The loan is interest free and repayable on demand.