Company registration number SC750572 (Scotland)
HFD INTERNATIONAL HOUSE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
HFD INTERNATIONAL HOUSE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HFD INTERNATIONAL HOUSE HOLDINGS LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
662,345
Current assets
Debtors
4
1
Net current assets
1
Net assets
662,345
1
Capital and reserves
-
Called up share capital
5
662,345
1
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 February 2025 and are signed on its behalf by:
Mr W D Hill
Director
Company Registration No. SC750572
HFD INTERNATIONAL HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
HFD International House Holdings Limited is a private company limited by shares incorporated in Scotland. The registered office is 177 Bothwell Street, Glasgow, G2 7ER.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
The company meets its day to day working capital requirements through support from related undertakings. true
The financial statements have been prepared on a going concern basis which assumes that the company will continue operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of related undertakings.
The directors therefore believe that the financial statements should be prepared on a going concern basis due to the continuing support of group undertakings.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to amend the balance sheet value of their assets and their recoverable amount and to provide for further liabilities that might arise.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
HFD INTERNATIONAL HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
662,345
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 July 2023
-
Additions
662,345
At 30 June 2024
662,345
Carrying amount
At 30 June 2024
662,345
At 30 June 2023
-
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1
HFD INTERNATIONAL HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' Ordinary Shares of 10p each
136,310
10
13,631
1
'B' Ordinary Shares of 10p each
136,310
-
13,631
-
'C' Ordinary Shares of 10p each
165,331
-
16,533
-
'D' Ordinary Shares of 10p each
165,331
-
16,533
-
'E' Ordinary Shares of 10p each
165,331
-
16,533
-
'F' Ordinary Shares of 10p each
165,331
-
16,533
-
'G' Ordinary Shares of 10p each
165,331
-
16,533
-
1,099,275
10
109,927
1
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Redeemable of 10p each
3,214,294
-
321,429
-
'H' Redeemable of 10p each
404,249
-
40,425
-
'I' Redeemable of 10p each
404,249
-
40,425
-
'J' Redeemable of 10p each
404,249
-
40,425
-
'K' Redeemable of 10p each
404,249
-
40,425
-
'L' Redeemable of 10p each
404,249
-
40,425
-
'M' Redeemable of 10p each
288,638
-
28,864
-
5,524,177
-
552,418
-
Preference shares classified as equity
552,418
-
Total equity share capital
662,345
1
6
Parent company
The Hill 2011 Trust and The Alexander Trust and their members are considered to be the ultimate controlling party.