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Registered number: 13749453
HD City Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
KJW Accountancy Services (Cotswolds) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13749453
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,889 53,491
41,889 53,491
CURRENT ASSETS
Debtors 5 37,059 106,620
Cash at bank and in hand 72,018 32,622
109,077 139,242
Creditors: Amounts Falling Due Within One Year 6 (183,251 ) (228,987 )
NET CURRENT ASSETS (LIABILITIES) (74,174 ) (89,745 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,285 ) (36,254 )
Creditors: Amounts Falling Due After More Than One Year 7 (30,633 ) (50,221 )
NET LIABILITIES (62,918 ) (86,475 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (62,919 ) (86,476 )
SHAREHOLDERS' FUNDS (62,918) (86,475)
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C John
Director
26/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HD City Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13749453 . The registered office is 4th Floor, Silverstream House, 45 Fitzroy Street, Fitzrovia, London, W1T 6EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Short leasehold In accordance with the property
Nursery Equipment 20% on cost
Fixtures & Fittings 33% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 14)
12 14
4. Tangible Assets
Land & Property
Short leasehold Nursery Equipment Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 60,470 1,261 8,172 69,903
As at 30 June 2024 60,470 1,261 8,172 69,903
Depreciation
As at 1 July 2023 9,510 307 6,595 16,412
Provided during the period 10,358 348 896 11,602
As at 30 June 2024 19,868 655 7,491 28,014
Net Book Value
As at 30 June 2024 40,602 606 681 41,889
As at 1 July 2023 50,960 954 1,577 53,491
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,909 43,856
Prepayments and accrued income 4,564 39,178
13,473 83,034
Due after more than one year
Rent Deposits 23,586 23,586
37,059 106,620
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,608 36,035
Other taxes and social security 4,990 6,261
Advance Fees 61,574 104,255
Accrued expenses 1,560 9,837
Deposits Held 72,519 72,599
183,251 228,987
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to related parties 30,633 50,221
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
9. Related Party Transactions
The company is a wholly owned subsidiary of Hatching Dragons Ltd, Registered Number 08847709.
Included in creditors is an amount of £30,633 (2023 - £50,211) owed to Hatching Dragons Ltd.
This loan is interest free and has no fixed term for repayment.
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