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REGISTERED NUMBER: 12048632 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

HYPP LIMITED

HYPP LIMITED (REGISTERED NUMBER: 12048632)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


HYPP LIMITED (REGISTERED NUMBER: 12048632)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,825,000 1,369,344

CURRENT ASSETS
Debtors 18,663 30,161
Cash at bank 7,420 77,215
26,083 107,376
CREDITORS
Amounts falling due within one year 1,542,483 1,326,937
NET CURRENT LIABILITIES (1,516,400 ) (1,219,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,600

149,783

CREDITORS
Amounts falling due after more than one
year

(150,000

)

(150,000

)

PROVISIONS FOR LIABILITIES (46,055 ) -
NET ASSETS/(LIABILITIES) 112,545 (217 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 5 138,166 -
Retained earnings (25,721 ) (317 )
112,545 (217 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

HYPP LIMITED (REGISTERED NUMBER: 12048632)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 February 2025 and were signed on its behalf by:




Dr A T Hussain - Director



Mrs N Ferdhosh - Director


HYPP LIMITED (REGISTERED NUMBER: 12048632)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

HYPP Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12048632

Registered office: Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU

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 as modified by the revaluation of certain assets.

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
In accordance with FRS 102, investment properties are revalued annually and measured at fair value in the accounts. Any surplus or deficit arising from changes in fair value are recognised through the profit and loss account for the year.

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 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 2 (2023 - 2 ) .

HYPP LIMITED (REGISTERED NUMBER: 12048632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023 1,369,344
Additions 271,435
Changes in fair value 184,221
At 30 June 2024 1,825,000
NET BOOK VALUE
At 30 June 2024 1,825,000
At 30 June 2023 1,369,344

Fair value at 30 June 2024 is represented by:
£
Valuation in 2024 1,825,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 1,640,779 1,369,344

Investment property was valued on an open market basis on 30 June 2024 by the directors .

5. RESERVES
Fair value
reserve
£
Changes in fair value 184,221
Deferred taxation (46,055 )

At 30 June 2024 138,166